General Catalyst raises $845 million for its new fund

General Catalyst

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.

Sources close to General Catalyst say the $845 million in capital won’t change the firm’s investment strategy which has been successful so far.

Written by Franklin Simmons

Franklin Simmons

Franklin Simmons is BusinessPundit's Tech Editor. His life is consumed with a love of augmented reality, mobility, and emerging technology. He extensively covers all areas of technology, including the computing, automotive, and healthcare sectors. He can be reached at College Reviews