General Catalyst

Venture capital firm
Cambridge, Massachusetts, USAFounded 2000$45.5B AUMwww.generalcatalyst.comSee connections →Compare with SV Angel

Global venture capital firm managing $43B+ across 900+ companies, focused on AI-driven transformation in healthcare, defense, and enterprise software.

At a glance

General Catalyst appears in 30 funding rounds tracked by ValueAddVC since 2025, leading 10. Its most frequent sectors in these rounds are AI & Infrastructure and Defense & Space, and its most recent tracked deal was General Intuition's $220M round (Sep 30, 2026). It co-invests most often with Lightspeed Venture Partners, Andreessen Horowitz and Accel. ValueAddVC also tracks 1 fund managed by General Catalyst.

Strategy

Stages
SeedSeries ASeries BGrowth
Sectors
EnterpriseConsumerHealthcareFintechAIClimate
Geographies
USACambridge, Massachusetts, USA
Check size
$1M-$100M

Recent changes

  1. Sep 30, 2026Follow-on: Invested in General Intuition ($220M) SiliconANGLE
  2. Sep 28, 2026Follow-on: Invested in Motive (Growth, $1.3B) Motive
  3. Sep 22, 2026Invested in Heidi Health (Series C, $340M) PYMNTS
  4. Sep 22, 2026Invested in Evvy (Series B, $40M) AlleyWatch
  5. Sep 15, 2026Invested in Thatch (Series C, $108M) TechCrunch
Earlier changes (15)
  1. Sep 10, 2026Invested in Motive (Revenue-based growth financing, $1.3B) Motive
  2. Sep 8, 2026Invested in Sapien Fortune
  3. Sep 8, 2026Invested in Forus (Series C, $150M) Bloomberg
  4. Sep 8, 2026Follow-on: Invested in Cognition (Series E, $2B) TechCrunch
  5. Sep 2026Invested in Blank Street (Growth, $75M primary ($105M total incl. secondary)) Pulse2
  6. Aug 27, 2026Invested in Transfyr (Seed, $25M) Tech Startups
  7. Aug 25, 2026Invested in Emerald AI (Series A, $150M) Emerald AI
  8. Aug 19, 2026Follow-on: Invested in Castelion (Series C, $800M) Castelion
  9. Aug 17, 2026Invested in River (Seed, $1.1B) TechCrunch
  10. Aug 11, 2026General Catalyst Leads $1.1B Round Into 2-Month-Old River AI Pulse story
  11. Aug 10, 2026Invested in Aurelius Systems (Series A, $40M) citybiz
  12. Jul 31, 2026Function Health Raises $450M From General Catalyst Pulse story
  13. Jul 28, 2026Invested in Dwelly (Series B, $170M) TechFundingNews
  14. Jul 24, 2026General Catalyst Overtakes Y Combinator in Fintech Deal Count Pulse story
  15. Jul 15, 2026Follow-on: Invested in Neko Health (Series C, $700M) TechCrunch

Funds

1
FundVintageSizeStrategySource
General Catalyst New Mega-Fund2026target $10BOtherMulti-stage venture / financial services · Multi-stage
As of Mar 11, 2026RumoredTechCrunch

Portfolio

33 total
General IntuitionForusModal LabsMotiveHeidi HealthEvvyThatchAnthropicCognitionMistral AISapienBlank StreetPolymarketTransfyrEmerald AICastelionRiverAurelius SystemsFunction HealthDwellyNeko HealthHelsingOratomicTogether AIRampCommureAnduril IndustriesLegoraSaronicStripeMercorModularVercel

Recent Investment Activity

20

Track record: led 10 and participated in 20 of 30 tracked venture rounds · 25 in the last 12 months · led 2 Series C, 2 Seed, 2 Series B, 1 Growth

DateCompanyEventRoleAmountValuationInvestorsSource
Sep 30, 2026General Intuitionfunding roundLed$220M$6.2B
Valor Equity PartnersLeadunverifiedAtreides ManagementLeadunverifiedSeven Seven SixLeadunverifiedPoint72LeadunverifiedKhosla VenturesLeadunverifiedGeneral CatalystLeadunverified
SiliconANGLE
Sep 28, 2026MotiveGrowthLed$1.3B—
General CatalystLeadunverified
Pulse story
Sep 22, 2026EvvySeries BParticipated$40M—
Catalio Capital ManagementLeadRethink ImpactMuse CapitalAlumni VenturesGeneral CatalystLeft Lane CapitalBBG VenturesFlywheel VenturesLabcorp Venture FundAmboy Street VenturesIngeborg+1 more
AlleyWatch
Sep 22, 2026Heidi HealthSeries CParticipated$340M$900M
Blackbird VenturesLeadunverifiedPhoenix CourtunverifiedPoint72unverifiedHeadlineunverifiedGeneral Catalystunverified
PYMNTS
Sep 15, 2026ThatchSeries CLed$108M$1B
General CatalystLeadIndex VenturesLeadThe General PartnershipAndreessen HorowitzADP VenturesPaychex
TechCrunch
Sep 10, 2026MotiveRevenue-based growth financingLed$1.3B—
General CatalystLead
Motive
Sep 8, 2026CognitionSeries EParticipated$2B$48B
Andreessen HorowitzLeadAccelLeadFounders FundLeadGeneral CatalystAvenir Growth Capital
TechCrunch
Sep 8, 2026ForusSeries CParticipated$150M$3B
Bain Capital VenturesLeadMedCity NewsThrive CapitalMedCity NewsGeneral CatalystMedCity NewsAccelMedCity NewsRedpoint VenturesMedCity NewsBoxGroupMedCity NewsPear VCMedCity NewsVast VenturesMedCity NewsSV AngelMedCity News
Bloomberg
Sep 8, 2026Sapienfunding roundParticipated—$180M
General CatalystNeo
Fortune
Sep 2026Blank StreetGrowthParticipated$75M primary ($105M total incl. secondary)$650M
General AtlanticLeadLeft Lane CapitalGeneral CatalystTiger Global Management
Pulse2
Aug 27, 2026TransfyrSeedLed$25M—
General CatalystLead
Pulse story
Aug 25, 2026Emerald AISeries AParticipated$150M$1.05 billion
Energize CapitalLeadDCVCLeadNvidiaPulse 2.0Aramco VenturesPulse 2.0Salesforce VenturesPulse 2.0GE VernovaPulse 2.0RWEPulse 2.0In-Q-TelPulse 2.0Radical VenturesPulse 2.0Energy Impact PartnersPulse 2.0Lowercarbon CapitalPulse 2.0General CatalystPulse 2.0Samsung VenturesSiemensJohn DoerrTom Steyer
Pulse story
Aug 19, 2026CastelionSeries CParticipated$800M$13B
JPMorganChase Strategic Investment GroupLeadAndreessen HorowitzLeadCarlyle GroupLeadLightspeed Venture PartnersLavrock VenturesAltimeter CapitalGeneral CatalystInterlagosT. Rowe Price
Castelion
Aug 17, 2026RiverSeedLed$1.1B—
General CatalystLeadunverifiedNvidiaunverifiedAMD VenturesunverifiedY CombinatorunverifiedTemasekunverifiedAMP PBC
TechCrunch
Aug 10, 2026Aurelius SystemsSeries AParticipated$40M—
Draper AssociatesLeadunverifiedKAS Venture PartnersLeadunverifiedGeneral CatalystunverifiedHanwha Defense USAunverified
Pulse story
Jul 28, 2026DwellySeries BLed$170M—
EQT VenturesLeadGeneral CatalystLeadLegoraSynthesia
Pulse story
Jul 15, 2026Neko HealthSeries CParticipated$700M—
Lightspeed Venture PartnersLeadOG Venture PartnersLeadAtomicoGeneral CatalystLakestarLiberty City VenturesBDT & MSD PartnersPositive Sum
TechCrunch
Jul 10, 2026OratomicSeries AParticipated$300M$7 billion
ARCH Venture PartnersLeadSpark CapitalLeadKhosla VenturesLeadBezos ExpeditionsIndex VenturesGeneral CatalystLowercarbon CapitalBain Capital
TechCrunch
Jul 1, 2026Together AISeries CParticipated$800M$8.3B
Aramco VenturesLeadunverifiedVista Equity PartnersunverifiedGeneral CatalystunverifiedEmergence CapitalunverifiedNvidiaunverifiedMarch Capitalunverified
Pulse story
Jun 25, 2026General IntuitionSeries BParticipated$320M$2.3B
Khosla VenturesLeadGeneral CatalystJeff BezosEric SchmidtNico Rosberg
TechCrunch

Sector / Stage Activity

By sector (portfolio)
AI infra
8 · 24%
Defense
5 · 15%
Developer tools
2 · 6%
Healthcare AI
2 · 6%
Enterprise SaaS
2 · 6%
Fintech
2 · 6%
AI
2 · 6%
Consumer
1 · 3%
Proptech
1 · 3%
Biotech
1 · 3%
By stage (tracked rounds)
Series C
9 · 45%
Series B
6 · 30%
Series A
3 · 15%
Growth
2 · 10%
Series E
2 · 10%
Seed
2 · 10%
Revenue-based growth financing
1 · 5%
Growth round
1 · 5%
Series G
1 · 5%
Series E-2
1 · 5%

Co-Investors

12
SV Angel · 12 sharedAndreessen Horowitz · 8 sharedAccel · 7 shared8VC · 6 sharedFounders Fund · 6 sharedLightspeed Venture Partners · 6 sharedNvidia · 6 sharedKhosla Ventures · 6 sharedThrive Capital · 5 sharedKleiner Perkins · 5 sharedCoatue Management · 4 sharedIconiq Capital · 4 shared

Value Add Research

Latest Pulse

  1. Motive's $1.3B Is Revenue-Share Financing, Not a RoundMotive's $1.3 billion from General Catalyst, re-reported by The SaaS News on Sep 28, is the growth financing from General Catalyst's Customer Value Fund that Motive announced on Sep 10: non-dilutive capital repaid from revenue, not an equity round, with no.→
  2. Heidi Health Lands $340M To Go Beyond AI NotetakingHeidi Health raised $340 million -- $100 million in equity plus $240 million non-dilutive from General Catalyst -- valuing the AI clinical-scribe company at $900 million as it expands into clinical decision support.→
  3. Thatch Hits Unicorn Status As Health Costs SurgeThatch, an ICHRA marketplace that lets employers fund individual health plans instead of one group policy, raised a $108 million Series C at a $1 billion valuation as revenue grew nearly sevenfold over the past year.→
  4. Nine US Rounds, $8.7B, Ten Days: September's Real PaceValue Add Pulse totaled the nine largest US venture rounds of September 5-11 and found $8.7 billion committed, with three deals at $1 billion or more.→
  5. Motive Raises $1.3B To Scale Fleet AIFleet management software company Motive secured more than $1.3 billion in growth financing from General Catalyst's Customer Value Fund, one of four US companies to raise $1 billion or more in a single week.→
  6. Cognition Raises $2B, Hits $48B ValuationAI coding startup Cognition raised more than $2 billion at a $48 billion valuation, nearly doubling its mark from four months ago as its annualized revenue grew from $492 million to $900 million.→
  7. Cognition hits $48B valuation on AI coding boomCognition, maker of the AI coding agent Devin, raised $2 billion at a $48 billion valuation just four months after being valued at $26 billion, with annualized revenue nearly doubling to $900 million.→
  8. Forus Triples Valuation To $3B In Series CForus raised a $150 million Series C led by Bain Capital Ventures at a $3 billion valuation, tripling its worth months after its Series B, as its AI agents automate prescription prior authorization for providers nationwide.→
  9. Forus Triples to a $3B Value in Four MonthsForus, an AI network that automates prescription access between doctors, pharmacies and payers, raised $150 million at a $3 billion valuation -- roughly triple its mark from four months ago.→
  10. Sapien Wants to Be the AI That Finds Your MarginSapien, a two-year-old AI startup that traces operational decisions to their effect on a company's profit and loss, raised new funding at a $180 million valuation led by Neo's Ali Partovi.→
  11. Defense Tech's Two Speeds: Hypersonics and Everyone ElseCastelion's $13 billion valuation and Shield AI's $12.7 billion mark show defense-tech capital concentrating hard in a handful of hardware primes-in-waiting, while smaller Tier 2/3 suppliers are left to roll up instead of raise.→
  12. Miami's Felix Raises $200M for WhatsApp BankingFelix, a Miami-based WhatsApp remittance platform for Latino immigrants, raised $200 million in a Series C split between $87 million of equity led by Andreessen Horowitz and $113 million of debt from General Catalyst.→
  13. Miami's Felix Raises $200M to Grow Beyond RemittancesFélix, a Miami-based WhatsApp remittance platform for Latino immigrants, raised $200 million -- $87M in equity led by a16z and $113M in debt from General Catalyst -- with its valuation tripling since last year's Series B.→
  14. Felix Hits Unicorn Status on $200M Series CMiami-based WhatsApp remittance platform Felix raised $200 million -- $87 million in equity led by a16z and General Catalyst, plus $113 million in debt -- tripling its valuation into unicorn territory.→
  15. a16z's Growth Fund Hits $8.5B, Days After a New $1.1B FundAndreessen Horowitz expanded its fifth Growth fund to $8.5 billion just three days after closing a separate $1.1 billion fund dedicated to AI hardware -- roughly $9.6 billion in fresh capital disclosed in a single week.→
  16. Transfyr Raises $25M to Record Science That Gets LostTransfyr launched with $25 million in seed funding led by General Catalyst to build an observability layer that captures the practical, undocumented details of scientific lab work.→
  17. Blank Street Raises $105M at $650M ValuationCoffee and matcha chain Blank Street raised $105 million -- a $75 million primary Series C plus a $30 million secondary -- led by General Atlantic at a $650 million valuation, up from roughly $500 million in 2025.→
  18. General Intuition Hits $6B Valuation on Robotics PushValor Equity Partners and Point72 are backing General Intuition at a $6 billion valuation as the spatial-reasoning AI startup extends from video-game agents into physical robotics.→
  19. Castelion Hits $13B Value on $1B Hypersonic Missile RoundCastelion, the hypersonic-missile startup founded by former SpaceX executives, raised a $1B Series C co-led by Andreessen Horowitz, Carlyle and JPMorgan Chase at a $13B valuation, more than double its prior mark.→
  20. August's Mega-Rounds Have Already Cleared $9BFive disclosed rounds in the first two weeks of August 2026 -- Databricks, Firmus, River AI, Lovable and Form Energy -- total roughly $9.25 billion, with data infrastructure and AI compute taking three quarters of it.→
  21. The Seed Round Is Now an Infrastructure RoundRiver AI raised $1.1 billion across a seed and Series A two months after leaving stealth, the clearest example yet of a 2026 pattern where pre-product AI infrastructure companies raise growth-stage sums at formation.→
  22. Why VCs' Biggest August Checks Went to Reactors, Not AppsFive of the month's largest venture rounds funded nuclear reactors, home batteries, GPU-training infrastructure and automated factories rather than software, a distribution that says more about where capital is scarce than about any single pitch deck.→
  23. Cognition in Talks to Raise at $40B Valuation for Devin AICognition, maker of the AI coding agent Devin, is reportedly in early talks to raise more than $1 billion at a valuation above $40 billion, up from $26 billion three months ago, as its revenue run rate nears $1 billion.→
  24. Cognition Nears $40B Valuation, Up 50%+ Since SpringAI coding startup Cognition is in early talks for a new round that could value it above $40 billion, more than 50% above the $26 billion mark it set in May, as it approaches a $1 billion annualized revenue run rate.→
  25. Thrive Holdings Raises $2B to Buy and Rewire Firms With AIThrive Holdings, the Thrive Capital spinout that acquires services businesses and rebuilds them with AI, raised $2 billion at a $12 billion valuation from SoftBank, D1 Capital and Altimeter, with OpenAI as an equity holder.→
  26. General Catalyst Leads $1.1B Round Into 2-Month-Old River AIRiver AI, founded by xAI co-founder Igor Babuschkin, raised $1.1 billion led by General Catalyst just two months after stealth, betting enterprises can train AI models without a dedicated infra team.→
  27. Corma Raises $60M Seed to Build Defensive Cyber AICorma, a Tel Aviv and San Francisco startup, emerged from stealth with a $60 million seed round led by Sequoia Capital to build what it calls the first foundation model purpose-built for defensive cybersecurity.→
  28. Canva Slashes Revenue Growth Forecast as AI Costs BiteCanva cut its 2026 revenue growth forecast from 30% to 20%, citing unsustainably high costs of serving AI features built on frontier models -- a warning shot for every SaaS company that rushed AI to market without solving unit economics.→
  29. Aurelius Systems Raises $40M for Laser DefenseAurelius Systems raised a $40M Series A to scale Archimedes, its autonomous laser system for tracking and neutralizing small drones, co-led by Draper Associates and KAS Venture Partners.→
  30. Function Health Raises $450M From General CatalystFunction Health raised $450 million in growth financing from General Catalyst's Customer Value Fund, eight months after a $298 million Series B, to keep scaling its lab-testing-and-imaging preventive health platform nationwide.→
  31. Dwelly Raises $170M To Roll Up UK Lettings AgenciesAI proptech startup Dwelly raised $170 million -- $95 million in equity led by EQT Growth and General Catalyst, plus a $75 million debt facility from Trinity Capital -- to keep acquiring and automating UK residential lettings agencies.→
  32. General Catalyst Overtakes Y Combinator in Fintech Deal CountGeneral Catalyst has pulled ahead of Y Combinator as the most active lead investor in fintech rounds of $5 million or more, ending YC's long run atop the category.→
  33. Founders Fund Hires Ex-OpenAI Exec Ryan BeiermeisterFounders Fund hired former OpenAI executive Ryan Beiermeister, adding frontier-lab operating experience to its investing team as top venture firms compete aggressively to poach talent directly out of leading AI labs.→
  34. Greylock Caps New Fund at $1.5B by ChoiceGreylock capped its newest fund at $1.5 billion despite being able to raise more, a deliberate bet that fund-size discipline protects returns better than scale in the current market.→
  35. Beckham's IM8 Takes $1B From General Catalyst's CVFIM8, David Beckham's health-drink startup, took $1 billion from General Catalyst's Customer Value Fund, an unusual structure that finances growth marketing spend instead of pure equity dilution.→
  36. The AI Trade Just Split in Two: Buyers vs. SellersNvidia has shed roughly $1 trillion in value since May even as Meta's data center costs balloon past $50 billion and Helsing raises Europe's biggest-ever defense round -- capex is up, but the margin is shifting away from the chip seller.→
  37. Open-Source AI Infrastructure's Funding RenaissanceOllama's $65 million Series B is the latest sign that open-source AI tooling -- once seen as a commodity layer -- is commanding real institutional capital alongside the neoclouds and frontier labs.→
  38. Quantum Computing's Venture Moment Keeps CompoundingOratomic's $300 million Series A -- Khosla's largest-ever first check -- is the clearest sign yet that VCs now treat quantum computing as its own well-capitalized category, distinct from the AI infrastructure boom.→
  39. Helsing Raises $1.8B, Europe's Biggest Defense RoundMunich-based Helsing closed a $1.8 billion Series E at an $18 billion valuation, Europe's biggest-ever defense-tech round, with Goldman Sachs Alternatives, CPPIB and JPMorgan joining as new investors amid oversubscribed demand.→
  40. Oratomic Raises $300M to Build a 20K-Qubit Quantum ComputerOratomic, a Caltech-spinout quantum computing startup, raised a $300 million Series A to build a utility-scale quantum computer using roughly 20,000 qubits instead of the million-plus rivals are targeting.→

General Catalyst FAQ

What companies has General Catalyst invested in?

General Catalyst's portfolio includes General Intuition, Forus, Modal Labs, Motive, Heidi Health, Evvy, and 27 more tracked companies.

Who does General Catalyst co-invest with most?

In the rounds Value Add tracks, General Catalyst most often invests alongside SV Angel (12 shared deals), Andreessen Horowitz (8 shared deals), Accel (7 shared deals), 8VC (6 shared deals), Founders Fund (6 shared deals).

Sources & methodologyshow
Where these figures come from

Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.

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