General Catalyst over the last several years has become a bi-coastal player and now the company has $845 million in new capital to deploy across the country.
The company’s new fundraising will be split between two investment vehicles, General Catalyst Group VIII and General Catalyst Group VIII Supplemental.
Among General Catalyst’s biggest successes in the last few years have been East Coast investments in ClassPass, Warby Parker, and Kayak. The former which led to a solid exit.
On the West Coast the company has invested in Snapchat, Airbnb, and The Honest Co.
The firm now has $3.7 billion in assets under management.