General Catalyst in talks for new mega-fundraise
General Catalyst is discussing plans with investors to raise around $10 billion in new capital, according to a Bloomberg report. The fundraising discussions are described as early stage, and the final target could change.
People familiar with the matter told Bloomberg the capital would be spread across several investment vehicles, including the firm’s early-stage venture funds and its growth strategy—an approach that would reinforce the firm’s push to operate as more than a traditional venture capital partnership.
From venture firm to broader financial platform
Known for backing technology standouts such as Airbnb and Stripe, General Catalyst has increasingly broadened its remit in recent years. The firm has expanded investment activity across artificial intelligence, defence technology, healthcare, climate technology and financial services, reflecting a strategy that blends venture investing with platform-like capabilities.
Bloomberg also noted the firm’s moves into adjacent areas of finance, including investing in other funds and acquiring investment firms. One cited example is its acquisition of La Famiglia, a deal that underscored the firm’s appetite for inorganic growth.
Scale and recent fundraising history
As of last summer, General Catalyst managed more than $40 billion in assets under management. If the proposed raise is completed, it would further expand the firm’s capital base and could place it among the largest venture investors in the US.
In 2024, the firm raised roughly $8 billion, including $4.5 billion dedicated to venture capital investments and $3.5 billion for other strategies, Bloomberg reported.
Private equity-style playbook and marquee bets
Under the leadership of investor Hemant Taneja, the firm has also experimented with approaches more commonly associated with private equity, including encouraging portfolio companies to pursue acquisitions. Recent investments include defence tech company Anduril Industries and AI firm Anthropic.
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