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General Catalyst raises $8B in fresh funds to back startups globally
U.S. venture capital giant General Catalyst has announced a fresh $8 billion in funds.
U.S. venture capital giant General Catalyst has announced a fresh $8 billion in funds as it looks to ramp up its investments in multi-sector early-stage startups globally, with a specific focus on the U.S., Europe, and India. An additional $2 billion is for “separately managed accounts” — which are typically special investment vehicles created for a single institutional investor. “As a global investment company that seeks to partner with the world’s most ambitious entrepreneurs to drive transformation, resilience, and applied AI, we believe this capital will turbocharge our investment theses across AI, defense and intelligence, climate and energy, industrials, healthcare and fintech,” General Catalyst CEO and managing director Hemant Taneja (pictured above), wrote in a blog post today.
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