General Catalyst raises $8B in fresh funds to back startups globally
General Catalyst raises $8B for global investments in startups with a focus on AI, healthcare, and fintech.
General Catalyst, a U.S. venture capital giant, has raised $8 billion to invest in multi-sector early-stage startups globally with a focus on the U.S., Europe, and India. This substantial amount will enhance its core VC funds, creation strategy, and separately managed accounts.
Notably, $4.5 billion is allocated for seed and growth equity funding, $1.5 billion is earmarked for helping repeat founders establish new companies, and $2 billion for managed accounts. General Catalyst aims to capitalize on opportunities in sectors like AI, healthcare, fintech, defense, and intelligence through its expanded global presence.
The firm emphasizes themes like applied AI and global resilience, planning to integrate AI into existing categories such as manufacturing and supply chains. Additionally, it stresses the importance of reducing reliance on foreign entities, especially for critical supplies and technology solutions, shown through its partnerships with major defense companies.