A24, the Oscar-winning indie studio that has become an edgy brand name unto itself, is getting a big vote of confidence — and an influx of cash. The studio announced today it has closed on an investment round led by Joshua Kushner’s Thrive Capital. The Hollywood Reporter has learned that Thrive invested $75 million into the indie studio based on a $3.25 billion pre-money valuation. A source close to A24 with knowledge of the investment notes that the company’s enterprise valuation now sits at $3.5 billion, suggesting this round of funding will net the company roughly a $250 million total investment. As a part of the investment, Thrive founder Kushner will join the A24 board of direct
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