CosmicTaco

General Catalyst Secures $8B to Boost Global Startups

CosmicTaco · 2024-10-25T09:11:27.960539+05:30

- U.S. venture capital firm **General Catalyst** has raised **$8 billion** for investing in early-stage startups globally, focusing on the U.S., Europe, and India. - The fund includes $4.5 billion for seed and growth equity funding, $1.5 billion for aiding proven founders, and $2 billion for separately managed accounts. - The company aims to accelerate investments in AI, defense and intelligence, climate and energy, industrials, healthcare, and fintech. - General Catalyst, which has backed major U.S. tech startups like Airbnb and Stripe, now manages over $30 billion in assets. - The firm plans to allocate 25% of the new fund to Europe, focusing on pre-seed and seed investments. Source: [Techcrunch](https://techcrunch.com/2024/10/24/general-catalyst-raises-8b-in-fresh-funds-to-back-startups-globally/)

U.S. venture capital firm General Catalyst has raised $8 billion for investing in early-stage startups globally, focusing on the U.S., Europe, and India.
The fund includes $4.5 billion for seed and growth equity funding, $1.5 billion for aiding proven founders, and $2 billion for separately managed accounts.
The company aims to accelerate investments in AI, defense and intelligence, climate and energy, industrials, healthcare, and fintech.
General Catalyst, which has backed major U.S. tech startups like Airbnb and Stripe, now manages over $30 billion in assets.
The firm plans to allocate 25% of the new fund to Europe, focusing on pre-seed and seed investments.

Source: Techcrunch

1mo ago

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