Venture Firm General Catalyst Plans USD 10 Bn Fundraising Push
Scapia, a travel fintech startup, is in early talks to raise USD 50–60 million, with General Catalyst expected to lead the round.
Hemant Taneja, CEO, General Catalyst
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Venture capital firm General Catalyst is in early discussions with investors to raise around USD 10 billion in new funding, according to media reports. The talks are still at an initial stage and the final amount could change.
People familiar with the matter said the capital would be raised through multiple investment vehicles. These could include the firm’s early-stage venture funds as well as its growth funds that support more mature companies.
Founded as a traditional venture capital firm, General Catalyst is widely known for early investments in major technology companies such as Airbnb and Stripe. In recent years, however, the firm has broadened its strategy and moved beyond the conventional venture capital model.
The company has increasingly focused on applying artificial intelligence to traditional industries. As part of that strategy, it recently acquired a health system in Ohio, highlighting its interest in transforming sectors such as healthcare through technology.
General Catalyst has also expanded its investment approach by backing other asset managers and funds. In some cases, it has invested several million dollars into outside investment vehicles. The firm has also made acquisitions, including the European venture firm La Famiglia.
As of last summer, General Catalyst managed more than USD 40 billion in assets. If the new fundraising effort succeeds, the firm’s total assets could increase significantly, placing it among the largest venture investors in the United States.
In 2024, the company raised roughly USD 8 billion in capital. That included USD 4.5 billion allocated to venture capital investments and another USD 3.5 billion for other strategies.
Under the leadership of Hemant Taneja, the firm has backed companies across sectors including artificial intelligence, defense, climate technology, healthcare and financial services. Its portfolio includes firms such as Anduril Industries and Anthropic.
Separately, travel fintech startup Scapia is reportedly in early discussions to raise USD 50–60 million in new funding, with General Catalyst expected to lead the round.
Venture capital firm General Catalyst is in early discussions with investors to raise around USD 10 billion in new funding, according to media reports. The talks are still at an initial stage and the final amount could change.
People familiar with the matter said the capital would be raised through multiple investment vehicles. These could include the firm’s early-stage venture funds as well as its growth funds that support more mature companies.
Founded as a traditional venture capital firm, General Catalyst is widely known for early investments in major technology companies such as Airbnb and Stripe. In recent years, however, the firm has broadened its strategy and moved beyond the conventional venture capital model.
