ChainThink reports that on March 12, according to Bloomberg, venture capital firm General Catalyst is in discussions with investors regarding a new fundraising round of approximately $10 billion. Sources familiar with the matter said the funds are intended to be allocated across multiple investment vehicles, including early-stage venture funds and growth funds; negotiations are still in early stages, and the final fundraising amount may still be adjusted.
General Catalyst has previously invested in numerous cryptocurrency and blockchain companies. In recent years, the firm has been expanding beyond its traditional venture capital model into a broader financial platform, increasing its investments in areas such as financial services. If this fundraising round is successfully completed, General Catalyst’s capital strength will be significantly enhanced, positioning it to compete more directly with a16z and further solidify its standing among the largest U.S. venture capital firms.