Venture capital firm General Catalyst Partners has announced the closing of two funds, totalling $845m in commitments.
These latest vehicles, which include General Catalyst Group VIII, L.P. and General Catalyst Group VIII Supplemental, L.P., bring total capital raised to approximately $3.75 billion.
Led by managing directors Adam Valkin, Bill Fitzgerald, David Fialkow, David Orfao, Steve Herrod, Hemant Taneja, Hemant Taneja, Joel Cutler, Larry Bohn and recently joined Phil Libin (former CEO of Evernote), General Catalyst Partners makes early stage investments in innovative technology companies.
The firm has invested in category defining businesses including Airbnb, BigCommerce, ClassPass, Datalogix, Datto, Demandware, Gusto (fka ZenPayroll), The Honest Company, HubSpot, KAYAK, Oscar, Snapchat, Stripe, and Warby Parker.
It has offices in Cambridge, MA, Palo Alto, CA and New York City.