General Catalyst Raises $8B, Emphasizes AI and Industry Transformation

General Catalyst (GC) has raised approximately $8 billion in new capital, marking its 12th set of funds. The breakdown includes:

  • $4.5 billion for VC funds, including seed and growth equity
  • $1.5 billion for GC’s “creation” strategy
  • $2 billion for separately managed accounts (SMAs)

CEO Hemant Taneja describes GC as a “global investment and transformation company” that goes beyond traditional venture capital. Key points include:

  • Focus on transforming industries through partnerships and ecosystem building
  • Expanding from healthcare into sectors like defense and manufacturing
  • $1.5 billion “creation” fund heavily focused on AI opportunities
  • Interest in onshoring AI productivity and workforce transformation

GC is addressing LP concerns about liquidity through its “customer value strategy,” which aims to provide liquidity for companies without relying on IPOs or acquisitions.

Taneja emphasized the the industry’s need to mature alongside growing opportunities, particularly in developing financial structures to support company growth and generate liquidity.

For more details on General Catalyst’s fundraising and strategy, read the full article on Fortune.

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