— whose investments include , and — has raised $8 billion in new capital as it looks to “turbocharge” its investments in sectors like AI, defense, climate, healthcare and fintech.
The firm’s latest fund — Fund XII — will see about $6 billion of the new capital, including around $4.5 billion for its core funds focused on seed and growth equity, and $1.5 billion for its creation strategy. The remaining $2 billion will go toward separately managed accounts.
“We are ready to be the company that drives transformations, global resilience and applied AI for the world,” wrote , CEO and managing director at General Catalyst, in a announcing the new capital. “We are powered by early-stage venture capital at our core and excited to dream bigger and co-create with our GC Famiglia of founders, business leaders and policymakers to expand what’s possible.”
Not slowing down
General Catalyst has been busy even as much of the venture world has slowed in recent years.
Last year, the Cambridge, Massachusetts-based firm made 99 different funding deals, per Crunchbase . This year, General Catalyst already has made 102 deals.
That includes some recent large deals, such as leading transportation payment solutions provider ’s $130 million Series C with last month and AI-powered coding assistant ’s $150 million Series C in August.
General Catalyst’s news comes after earlier this month it was reported told its investors it that it has not yet invested from its $500 million Select fund for more mature startups. The firm said it was doing so because valuations were too high as they relate to potential returns.
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