General Catalyst
20 University RoadCambridge, MA 2138
Website: generalcatalyst.com
Firm Size
- Assets Under Management (AUM):$28.9 Billion
- Number of Funds:40
- Employees:205
- Firm Type:Venture Capital
- Focus Areas:
Software & Technology
Healthcare
Consumer
Description
General Catalyst is a venture capital firm located in Cambridge, MA. The firm was founded in 2000 with a focus on early-stage investing in technology and consumer companies. General Catalyst aims to back exceptional entrepreneurs and provide them with the resources and support necessary to help their businesses grow and succeed. The firm's investment portfolio spans a wide range of industries including software, healthcare, financial technology, and e-commerce. General Catalyst has invested in notable companies like Airbnb, Snapchat, Stripe, ClassPass, and Kayak, among many others. General Catalyst has a strong presence in the Cambridge ecosystem, taking advantage of the area's rich talent pool and academic resources. The firm often collaborates with local universities such as MIT and Harvard, fostering relationships with faculty and researchers to identify promising startups and technologies. Being a significant player in the venture capital industry, General Catalyst prides itself on taking a hands-on approach, providing strategic guidance, and leveraging its network to create value for its portfolio companies. The firm also offers various programs and initiatives, such as the Rough Draft Ventures initiative, which focuses on supporting student entrepreneurs. Overall, General Catalyst is an influential venture capital firm situated in Cambridge, MA, that invests in early-stage technology and consumer companies, utilizing its expertise, resources, and network to help these companies thrive.Latest News
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Jun 13, 2024: Cobot Opens Seattle Office, Hires Foundation Models AI Leader
Collaborative Robotics (Cobot), a leader in the development of practical collaborative robots (cobots), today announced an advancement in its AI research capabilities with the establishment of a new Foundation Models AI team. The initiative marks a significant milestone in Cobot's strategic expansion and is led by Michael Vogelsong , a founder of Amazon's Deep Learning Tech team, who recently joined Cobot. Cobot also announced it has opened a new Seattle office, which will be the base for the AI team, and a research grant to Professor Sidd Srinivasa at the University of Washington to support advanced AI research. The announcements follow the company's recent $100 million Series B financing round led by General Catalyst.
May 08, 2024: Greenboard Announces $4.5M Seed Round from Base10 Partners to be "Rippling for financial compliance and operations"
Greenboard , a new compliance and operations software company for financial services, announced today that the company has completed a $4.5 million Series Seed funding round led by Base 10 Partners, with participation from Y Combinator, General Catalyst, Wayfinder Ventures, Liquid2 Ventures, Twenty Two Ventures, Rogue Capital, Transpose Platform, and others. The funding will accelerate the company's progress towards building a singular, AI-powered platform to handle management of the entirety of financial firms' compliance programs, and eventually all back office processes.
Apr 10, 2024: Collaborative Robotics Raises $100 Million in Series B Funding
Collaborative Robotics , (or Cobot), a leader in the development of practical collaborative robots (cobots), today announced it has raised $100 million in Series B funding led by General Catalyst and joined by Bison Ventures, Industry Ventures and Lux Capital. Existing investors Sequoia Capital, Khosla Ventures, Mayo Clinic, Neo, 1984 Ventures, MVP Ventures and Calibrate Ventures participated as well, bringing the total funding raised to over $140 million in less than two years. Cobot also announced that industry leader Teresa Carlson has joined the company as an Advisor.
Apr 08, 2024: Summer Announces $9M in Funding to Bring Its End-to-End Workplace Student Loan and Education Assistance Solution to HR Leaders
Apr 05, 2024: Varda Announces $90 million Series B Funding to Build Factories in Space
Varda Space Industries, Inc., the world's first in-space manufacturing and hypersonic Earth re-entry logistics company, today announced the completion of a $90 million Series B funding round, led by Caffeinated Capital, with participation from Lux Capital, General Catalyst, Founders Fund, and Khosla Ventures. Varda has raised $145 million to date.
Apr 02, 2024: Agora has raised a $12M Seed round led by Dragonfly
Agora has raised a $12M Seed round to launch their digital dollar and asset platform purpose-built for the transmission of value on blockchain-based rails. This round of funding was led by Dragonfly. The round saw additional participation from General Catalyst, Hack VC, Kraken Ventures, as well as other funds and notable angels. Related strategic investors include Mirana Ventures, Mantle EcoFund, Foresight Ventures, Wintermute Ventures, Galaxy, and Consensys.
Mar 12, 2024: Applied Intuition, Inc. Grows to $6 Billion Valuation, Securing $250 Million in Series E Funding to Advance Vehicle Software and AI Capabilities
Applied Intuition, Inc. , a vehicle software supplier for automotive, trucking, construction, mining, agriculture, and other industries, has raised a $250 million Series E financing round at a $6 billion valuation. The round was led by Bilal Zuberi at Lux Capital (Series C lead investor), Elad Gil (Series D lead investor), and strategic investor Porsche Investments Management S.A. Applied Intuition also announced the following new and existing investors: Andreessen Horowitz (Series A lead investor), General Catalyst (Series B lead investor), Mary Meeker at BOND, Human Capital, Henry Kravis , Mustafa Suleyman , Ray Dalio , John Quinn , and Nico Rosberg.
Mar 05, 2024: Overjet Raises $53 Million: The Largest Investment in the History of Dental AI
Overjet , the world-leader in dental AI, today announced a $53.2 million Series C round: the largest investment ever in artificial intelligence for dentistry. The historic round was led by March Capital, with participation from General Catalyst, Insight Partners, E14 Fund, Crosslink Capital, Spring Rock Capital, Liquid 2 Ventures, and Harmonic Growth Partners, as well as the American Dental Association. It brings Overjet's total funding to approximately $133 million , and increases the company's valuation to $550 million .
Feb 14, 2024: Artie Raises $3.3M To Solve Database Replication
Artie has closed a Seed round of $3.3M to make database replication real-time, reliable, and cost-effective.
Feb 12, 2024: Bugcrowd Secures $102 Million in Strategic Growth Funding to Scale AI-Powered Crowdsourced Security Platform
Bugcrowd has secured $102 million in strategic growth financing to scale its AI-powered crowdsourced security platform offerings globally. Led by General Catalyst, with participation from longtime existing investors Rally Ventures and Costanoa Ventures, this funding round underscores investor confidence in the company's leadership position in the crowdsourced security market. The additional capital enables Bugcrowd to accelerate growth across EMEA, APAC, and the United States , fund continued innovation into the Bugcrowd Platform, and leverage opportunities for strategic M&A, providing added value to clients, partners, and the hacker community.
Jan 30, 2024: Codeium Raises $65 million To Bring Generative AI to Software Coding
Today, Codeium announced it has raised a $65 million Series B round to help software developers supercharge their workflows with generative AI-powered capabilities. The financing was led by Kleiner Perkins with participation from repeat investor Greenoaks as well as General Catalyst.
Jan 11, 2024: Harbor Health Secures $95.5 Million in New Funding to Expand and Enhance Primary & Specialty Care Services in Central Texas
Harbor Health, a primary and specialty clinic group whose mission is to put the consumer at the center of their own health, today announced that it has secured an additional $95.5 million in funding. General Catalyst leads this additional round of funding with strong participation by Alta Partners and continued support by 8VC . Total investment to date is more than $128 million .
Nov 08, 2023: Ozone Secures $7.1 Million in Funding to Transform Video Editing Workflows
Ozone , an AI-driven pioneer in the next generation of video editing technology, today announced that it raised $7.1 million in funding and has publicly launched its cloud-based video editing platform. Investors include Y Combinator, NEA, General Catalyst, LGVP, Bluewatch Ventures, Polymath Capital Partners, Pioneer Fund, SOMA Capital, and Olive Tree Capital, as well as the founders of Dropbox, Tinder, and Lightricks. This funding round propels Ozone into the next phase of its journey, empowering content creators with innovative AI-powered video editing tools and collaborative capabilities.
Oct 17, 2023: Nirvana Secures $57M in Series B Funding to Expand Its IoT-based Commercial Insurance Platform and AI-Powered Safety Program for Fleets
Nirvana Insurance , provider of modern insurance for physical operations, today announced a $57 million Series B funding round. Lightspeed Venture Partners reaffirmed its commitment to Nirvana by returning to lead the round, with additional participation from General Catalyst and Valor Equity Partners. The new funding positions Nirvana to continue helping fleets utilize their IoT and sensor data to access insurance cost savings and customized risk management solutions.
Oct 09, 2023: Lottie raises $21M Series A, led by Accel, to confront the social care crisis and elevate the standard of later living
Lottie , the free online marketplace that connects care seekers and retirees to UK care homes, home care services, and retirement living communities, today announces that it has raised a $21M (£16.35M) Series A funding round led by Accel, with participation from previous investor General Catalyst. This brings the total amount raised by the company to $31M (£25M). Lottie will use the investment to confront the growing social care crisis and elevate the standard of later living by further investing in its suite of technology products that significantly improves the care seeker experience. The company will expand its 50-strong team based in London , with the aim of doubling headcount in 2024.