General Catalyst is in early discussions with investors about raising roughly $10bn in new capital across several investment vehicles, according to a report by Bloomberg citing people familiar with the matter.
The fundraising would reportedly span multiple strategies, including the firm’s growth and early-stage venture funds. The discussions are preliminary and the target size could change.
General Catalyst had more than $40bn in assets under management as of last summer. A successful raise would significantly expand the firm’s capital base and further position it among the largest venture investors in the US.
The firm, known for backing companies such as Airbnb, has broadened its investment model in recent years, expanding beyond traditional venture capital into areas including healthcare, financial services, and artificial intelligence.
Led by Chief Executive Hemant Taneja, the firm has also invested in defence and AI companies including Anduril Industries and Anthropic. In 2024, the firm raised about $8bn across several funds, including $4.5bn for venture investments and $3.5bn for other strategies.
