Joshua Kushner's venture capital firm Thrive Capital has made a $100 million investment in Shopify, the Canadian e-commerce platform company.

Thrive Capital, founded by Kushner in 2009, focuses on technology investments and has previously backed companies including Instagram, Spotify, and Stripe. The firm manages billions in assets and has established itself as a significant player in the venture capital space.

Shopify operates as a commerce platform that enables businesses to create online stores and sell products across multiple channels. The company has grown significantly in recent years, particularly during the pandemic as more businesses shifted to e-commerce.

The investment represents a notable addition to Thrive Capital's portfolio of technology companies. Joshua Kushner, who is the younger brother of Jared Kushner, has built the firm into one of the prominent venture capital operations in New York.

Financial terms beyond the $100 million investment amount were not immediately disclosed. The investment comes as Shopify continues to expand its services and compete in the growing e-commerce infrastructure market.