Deals
General Catalyst Raises $845 Million Venture Fund
- Firm announces eighth fund, bringing total to $3.75 billion
- General Catalyst has invested in Airbnb, Stripe, Snapchat
Phil Libin, the former Evernote CEO, recently became a partner at General Catalyst.
Photographer: Kiyoshi Ota/BloombergThis article is for subscribers only.
General Catalyst Partners, a backer of technology startups such as Snapchat Inc. and Stripe Inc., said investors have committed $845 million for its eighth venture fund.
The money will be divided between General Catalyst Group VIII LP and General Catalyst Group VIII Supplemental LP. The latter fund is designed to provide continued investment in existing portfolio companies. With the new funds, the 15-year-old venture capital firm’s total capital increases to about $3.75 billion.