General Catalyst, a venture capital firm, raised $2.3 billion across three funds.
This included:
– a $600m early-stage fund,
– a $1 billion growth fund for companies with over $10m in annual revenue, and
– a $700m “endurance fund” to support larger companies generating over $100m in sales.
Reportedly, the firm will look to invest in fields relevant in the era of coronavirus, including healthcare software, technologies for remote education and working.
General Catalyst is a venture capital firm that makes early-stage and transformational investments backing entrepreneurs who are building innovative technology companies and market leading businesses, including Airbnb, BigCommerce, ClassPass, Datalogix, Datto, Demandware, Gusto (fka ZenPayroll), The Honest Company, HubSpot, KAYAK, Oscar, Snap, Stripe, and Warby Parker.
The firm has offices in Cambridge, MA, Palo Alto, CA and New York City.
FinSMEs
03/04/2020