General Catalyst, a global venture capital firm has raised $8 billion in new capital, including $6 billion for its latest fund, Fund XII, and $2 billion in separately managed accounts.
According to the venture capital (VC) firm, it will allot $4.5 billion for our core VC funds focused on seed and growth equity (across our Ignition, Endurance, and Health Assurance strategies), $1.5 billion for our Creation strategy, and $2 billion of separately managed accounts.
General Catalyst plans to deploy the investment across AI, Defense & Intelligence, Climate & Energy, Industrials, Healthcare and Fintech.
“We are ready to be the company that drives transformations, global resilience and applied AI for the world. 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,” Hemant Taneja, CEO and managing director at General Catalyst, said in a statement.
