General Catalyst Secures $8B to Boost Global Startups

• 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