General Catalyst raises $8B in fresh funds to back startups globally

Quick Summary:

U.S.venture capital giant General Catalyst has announced a fresh $8 billion in funds as it looks to ramp up its investments in multi-sector early-stage startups globally, with a specific focus on the U.S., Europe, and India.

Following the merger of GC and her VC firm La Famiglia last year, she said the company wants to “double click on pre-Seed and Seed as one core bucket where we want to drive all the platform capabilities and all the capabilities towards founders.

More recently, General Catalyst has pursued global growth through merging with local entities, including La Famiglia in Europe last year and, more recently, Venture Highway in India.

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Article Details

Author / Journalist: Paul Sawers, Mike Butcher

Category: Technology

Markets: United StatesChinaIndiaSaudi Arabia

Topics: Startups General Catalyst Venture

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-24 @ 12:44:00 (1 weeks ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 1285 words

Reading Time: 8 minutes read

Sentences: 38 lines

Sentence Length: 34 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 23224813

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