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American venture capital firm From Wikipedia, the free encyclopedia
General Catalyst is a U.S.-based venture capital (VC) firm that makes early stage and growth investments.[1][2][3][4] The firm has invested in global companies, including Airbnb, Kayak, Datalogix, Datto, Livongo, Gusto, Buildkite, Warby Parker, Oscar, Deliveroo, Lemonade, Stripe, Snap, Mistral, and Helsing.[5][3][6][7][8][9]
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Company type | Private |
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Industry | Venture capital |
Founded | 2000 |
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Number of locations | |
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Products | Investments |
Number of employees | 200 |
Website | generalcatalyst |
General Catalyst was founded in 2000 in Massachusetts by Joel Cutler and David Fialkow.[6][10][11][12][13]
In 2010, the company opened a Silicon Valley office.[10] In 2021, the firm managed more than $8 billion in assets.[14] In February 2022, it raised $4.6 billion for its 11th general fund. This brought the firm's total raised in its 20-year history to $14.75 billion.[15]
In 2021, the firm opened a London office.[16][17] By September 2022, General Catalyst had invested in 17 European startups.[18] In April 2023, the company had invested in 25 Indian startups, including CRED, Uni, Spinny, Orange Health, FarMart, and Loop Health with investments ranging in all stages.[19]
In March 2023, General Catalyst was a supporter of the Silicon Valley Bank (SVB), after U.S. regulators shut it down after a significant number of the bank's customers sought to withdraw funds after dropping stock prices.[20][21] General Catalyst, which was a SVB customer,[22] organized a joint statement of support signed by more than 110 venture capital firms.[20]
As of 2020, it was ranked as one of America's largest venture capital firms.[23]
In June 2024, General Catalyst acquired La Famiglia, a German venture capital firm.[24]
General Catalyst makes capital investments in seed-stage companies, early-stage businesses and later-stage companies.[25][26][27]
In 2021, General Catalyst raised $600 million for a new Health Assurance Fund.[28][29]
In July 2022, the firm raised an additional $670 million.[15] The money is invested in healthcare businesses.[28][30][31] General Catalyst has been the most active investor in healthcare since the beginning of 2020.[32][33]
In October 2023, the company announced plans to acquire a health system and "then use it as a proving ground for technology that its portfolio companies sell, including generative artificial intelligence-powered solutions applied to health care problems."[34]
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