General Catalyst Raises $8 Billion, Largest Since March 2022, for Global Investment Push

Oct 24, 2024, 11:28 AM

General Catalyst has successfully raised approximately $8 billion in fresh capital, marking the largest amount raised by a US venture capital firm since March 2022. The funds will be allocated across various sectors, including AI, defense and intelligence, climate and energy, industrials, healthcare, and fintech. Of the total amount, $4.5 billion will be directed towards its core funds, $1.5 billion will be used to create startups, and $2 billion will be invested in other businesses. This capital raise, reported by the Financial Times, is part of Silicon Valley-based General Catalyst's strategy to enhance its global investment push.