— whose investments include , and — has raised $8 billion in new capital as it looks to “turbocharge� its investments in sectors like AI, defense, climate, healthcare and fintech.
The firm’s latest fund — Fund XII — will see about $6 billion of the new capital, including around $4.5 billion for its core funds focused on seed and growth equity, and $1.5 billion for its creation strategy. The remaining $2 billion will go toward separately managed accounts.
“We are ready to be the company that drives transformations, global resilience and applied AI for the world,� wrote , CEO and managing director at General Catalyst, in a announcing the new capital. “We are powered by early-stage venture capital at our core and excited to dream bigger and co-create with our GC Famiglia of founders, business leaders and policymakers to expand what’s possible.�
Not slowing down
General Catalyst has been busy even as much of the venture world has slowed in recent years.
Last year, the Cambridge, Massachusetts-based firm made 99 different funding deals, per ÍÃ×ÓÏÈÉú´«Ã½ . This year, General Catalyst already has made 102 deals.
That includes some recent large deals, such as leading transportation payment solutions provider ’s $130 million Series C with last month and AI-powered coding assistant ’s $150 million Series C in August.
General Catalyst’s news comes after earlier this month it was reported told its investors it that it has not yet invested from its $500 million Select fund for more mature startups. The firm said it was doing so because valuations were too high as they relate to potential returns.
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