General Catalyst
American venture capital firm From Wikipedia, the free encyclopedia
General Catalyst (GC) is a global investment and transformation company that makes seed to growth stage investments and beyond.[2][3][4][5] The firm has invested in 800+ businesses, including global companies such as Airbnb, Anduril Industries, Applied Intuition, Glean Technologies, Guild Education, HubSpot, Kayak, Datalogix, Datto, Livongo, Gusto, Zepto, Ramp, Deliveroo, Samsara, Stripe, Snap, Mistral, and Helsing.[6][4][7][8][9][10][11]
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| Company type | Private |
|---|---|
| Industry | Venture capital |
| Founded | 2000 |
| Founders |
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| Headquarters | Cambridge, Massachusetts, US |
Number of locations | |
Area served | |
Key people |
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| Products | Investments |
| AUM | US$33B+ (December 2024)[1] |
Number of employees | 250+ |
| Website | generalcatalyst |
History
Summarize
Perspective
General Catalyst was founded in 2000 in Massachusetts by Joel Cutler and David Fialkow.[7][12][13][14][15]
In 2010, the company opened a Silicon Valley office.[12] In 2021, the firm managed more than $8 billion in assets.[16] In February 2022, it raised $4.6 billion for its 11th general fund. This brought the firm's total raised in its 20-year history to $14.75 billion.[17]
In 2021, the firm opened a London office.[18][19] By September 2022, General Catalyst had invested in 17 European startups.[20] By April 2023, the company had invested in 25 Indian startups, including CRED, Uni, Spinny, Orange Health, FarMart, and Loop Health with investments ranging in all stages.[21]
In March 2023, General Catalyst was a supporter of the Silicon Valley Bank (SVB), after U.S. regulators shut it down after a significant number of the bank's customers sought to withdraw funds after dropping stock prices.[22][23] General Catalyst, which was a SVB customer,[24] organized a joint statement of support signed by more than 110 venture capital firms.[22]
As of 2020, it was ranked as one of America's largest venture capital firms.[25]
In June 2024, General Catalyst acquired La Famiglia, a German venture capital firm, after which La Famiglia's founding partner Jeannette zu Fürstenberg became a managing director at General Catalyst, overseeing its European business.[26] In the same month, General Catalyst acquired Venture Highway, an early-stage investor based in New Delhi.[27][28]
In October 2024, General Catalyst announced the raise of $8 billion in new funds, including $4.5 billion for their core venture funds, making it their largest fundraise yet.[29]
Investments
General Catalyst makes capital investments in seed-stage companies, early-stage businesses and later-stage companies.[30][31][32]
Healthcare fund
In 2021, General Catalyst raised $600 million for a new Health Assurance Fund.[33][34]
In July 2022, the firm raised an additional $670 million.[17] The money is invested in healthcare businesses.[33][35][36] General Catalyst has been the most active investor in healthcare since the beginning of 2020.[37][38]
In October 2023, the company announced plans to acquire a health system and "then use it as a proving ground for technology that its portfolio companies sell, including generative artificial intelligence-powered solutions applied to health care problems."[39]
General Catalyst spent $485 million to purchase Summa Health and convert a non-profit health network into for-profit.[40]
References
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