General Catalyst Raises $675M For New Fund

General Catalyst Partners, a VC firm found in 2000 with offices in Boston, New York and California, has raised $675 million in subscriptions for its seventh fund, a December 23 press released indicated.

The new fund will allow the firm to expand its portfolio to include more than 100 technology businesses and further develop its presence in Silicon Valley. To date, General Catalyst Partners has raised roughly $3 billion.

“Our focus has always been on supporting formidable founders building great businesses,” the company wrote in a corresponding blog post.

“When we founded General Catalyst in Boston back in 2000, the tech world was falling apart from the collapse of the dot-com bubble. Yet, we fervently believed, then and now, in the power of software to transform our lives and make the world a better place.”

For more of the team’s reflection on its 13 years of success, click here.

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