The Venture Codex

Participated · Equity · Jun 2026

Thrive Financial operates a loan servicing platform that links homeowners and lenders to finance home improvement projects such as pool installations and HVAC work. Founded in 2023 by Ryan Cannon and Jasjeev Sawhney, the company has onboarded roughly 850 active contractors and has originated about 1,300 loans totaling $118 million since launch. Thrive currently employs nearly 50 people and says it expects to reach profitability later this year. The business has raised between $15 million and $18 million in venture capital to date, including the recent $7 million round. The new capital will be allocated with approximately $5 million for capitalization and about $2 million to expand engineering, sales and customer service teams.