Venture capital (VC) management common catalyst It reportedly raised about $6 billion for technology startups.
The company has invested in Stripe and Snap and Mistral, maybe you can do it. Close the latest fund The Financial Times reported on Sunday (April 28), citing sources, that the money will be invested in a variety of sectors including defense, space, climate change, fintech and healthcare in Europe and India. Reported. and US.
The fund indicates the presence of institutional investors and endowments, the report said. and Foundations, known as limited partners, drought Impact the fundraising space.
PYMNTS has reached out to General Catalyst for comment, but has not yet received a response.
The news comes less than two weeks after another VC group announced it. Andreessen Horowitzannounced that it has raised $7.2 billion for high-tech startups, including those in the field of artificial intelligence (AI).
The company said the bulk of the new funding, $3.75 billion, will be Help with project funding Andreessen Horowitz’s “Growth” category set aside $1.25 billion for late-stage startups, $1.25 billion for companies building AI infrastructure, and $1 billion for startups developing AI applications. Investor teams specialized in each category will be prepared.
Citing data from Pitchbook, the FT report said General Catalyst and Andreessen Horowitz’s funding would be their biggest since the end of 2022.
At the same time, VC funding is plummeting overall, the report adds. Last year, venture companies raised $81 billion, less than half of the amount raised the year before. This year is also expected to be the lowest fundraising in nearly a decade. The FT said a “two-tier market” was being created that was unfriendly to new entrants.
“Some companies have given up on raising new funds,” said an investment manager at a US foundation supporting the project. Several Major VC firms spoke to the press, citing examples of companies that entered the market after 2018. “But you would be hard-pressed to think of a high-profile fund that has given up on fundraising,” he added.
Meanwhile, PYMNTS spoke earlier this month: Steve Brotmanfounder and managing partner of a growth equity firm alpha partnersabout how AI is helping VC firms make better decisions about where to invest their resources.
“The usefulness of AI in venture capital is enhance human capabilities We leverage machine intelligence to sift through the noise and pinpoint the real opportunities,” Brotman told PYMNTS.
“AI allows us to analyze market trends, startup performance metrics, and other important data points at a scale and speed that human analyst teams alone cannot achieve,” he added. “This fundamentally enhances our ability to make informed strategic decisions by increasing efficiency and providing deeper insight into potential investments that were previously unimaginable.”
