In 2010, the company opened aSilicon Valley office.[11] In 2021, the firm managed more than $8 billion in assets.[15] In February 2022, it raised $4.6 billion for its 11th general fund. This brought the firm's total raised in its 20-year history to $14.75 billion.[16]
In 2021, the firm opened a London office.[17][18] By September 2022, General Catalyst had invested in 17 European startups.[19] By April 2023, the company had invested in 25 Indian startups, including CRED, Uni, Spinny, Orange Health, FarMart, and Loop Health with investments ranging in all stages.[20]
In March 2023, General Catalyst was a supporter of theSilicon Valley Bank (SVB), after U.S. regulators shut it down after a significant number of the bank's customers sought to withdraw funds after dropping stock prices.[21][22] General Catalyst, which was a SVB customer,[23] organized a joint statement of support signed by more than 110 venture capital firms.[21]
As of 2020, it was ranked as one of America's largest venture capital firms.[24]
In June 2024, General Catalyst acquired La Famiglia, a German venture capital firm, after which La Famiglia's founding partnerJeannette zu Fürstenberg became a managing director at General Catalyst, overseeing its European business.[25] In the same month, General Catalyst acquired Venture Highway, an early-stage investor based in New Delhi.[26][27]
In October 2024, General Catalyst announced the raise of $8 billion in new funds, including $4.5 billion for their core venture funds, making it their largest fundraise yet.[28]
In 2021, General Catalyst raised $600 million for a new Health Assurance Fund.[32][33]
In July 2022, the firm raised an additional $670 million.[16] The money is invested in healthcare businesses.[32][34][35] General Catalyst has been the most active investor in healthcare since the beginning of 2020.[36][37]
In October 2023, the company announced plans to acquire a health system and "then use it as a proving ground for technology that its portfolio companies sell, including generative artificial intelligence-powered solutions applied to health care problems."[38]
General Catalyst spent $485 million to purchaseSumma Health and convert a non-profit health network into for-profit.[39]
