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.

Ranked on: #1 Top VC Firms in Boston 2026 (Ranked by Deals) · #2 Most Active Seed Investors of 2026 (Ranked) · #5 Most Active VC Firms in 2026 · Get your badge →

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At a glance

General Catalyst appears in 41 funding rounds tracked by ValueAddVC since 2025, leading 13. Its most frequent sectors in these rounds are AI & Infrastructure and Health & Biotech, and its most recent tracked deal was Baba's $40M Series A round (Oct 20, 2026). It co-invests most often with Khosla Ventures, Lightspeed Venture Partners 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. Oct 20, 2026Invested in Baba (Series A, $40M) GlobeNewswire
  2. Oct 20, 2026Otter.ai Lands $320M From General Catalyst | Crossed 40M Users Pulse story
  3. Oct 15, 2026Follow-on: Invested in Ramp (primary financing, $1.85B) Morningstar
  4. Oct 14, 2026Follow-on: Invested in Melius (Seed, $25M) Pulse 2.0
  5. Oct 13, 2026Invested in Graylark (Seed, $10.7M) The SaaS News
Earlier changes (15)
  1. Oct 11, 2026Invested in Proximal (Seed, $15M) The SaaS News
  2. Oct 8, 2026Follow-on: Invested in Oratomic (Series B, $475M) SiliconANGLE
  3. Oct 6, 2026Invested in Melius (Series A, $20M) TechCrunch
  4. Oct 5, 2026Invested in Axiom Solutions ($2B) Pulse 2.0
  5. Sep 29, 2026Follow-on: Invested in General Intuition ($220M) SiliconANGLE
  6. Sep 22, 2026Invested in Heidi Health (Series C, $340M) PYMNTS
  7. Sep 22, 2026Invested in Evvy (Series B, $40M) AlleyWatch
  8. Sep 15, 2026Invested in Thatch (Series C, $108M) TechCrunch
  9. Sep 10, 2026Invested in Motive (Revenue-based growth financing, $1.3B) Motive
  10. Sep 8, 2026Invested in Sapien Fortune
  11. Sep 8, 2026Invested in Forus (Series C, $150M) Bloomberg
  12. Sep 8, 2026Follow-on: Invested in Cognition (Series E, $2B) TechCrunch
  13. Sep 2026Invested in Blank Street (Growth, $75M primary ($105M total incl. secondary)) Pulse2
  14. Aug 27, 2026Invested in Transfyr (Seed, $25M) Tech Startups
  15. Aug 25, 2026Invested in Emerald AI (Series A, $150M) Emerald AI

Funds

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

Portfolio

39 total
Emerald AIBabaAnthropicRampAnduril IndustriesModal LabsMeliusGraylarkProximalOratomicAxiom SolutionsGeneral IntuitionHeidi HealthEvvyThatchMotiveCognitionMistral AIForusSapienBlank StreetPolymarketTransfyrCastelionRiverAurelius SystemsFunction HealthDwellyNeko HealthChai DiscoveryHelsingTogether AICommureLegoraSaronicStripeMercorVercelModular

Recent Investment Activity

20

Track record: led 13 and participated in 28 of 41 tracked venture rounds · 34 in the last 12 months · led 5 Seed, 3 Series B, 2 Series C, 1 Growth round

DateCompanyEventRoleAmountValuationInvestorsSource
Oct 20, 2026BabaSeries AParticipated$40M—
FirstMark CapitalLeadunverifiedCVS Health VenturesunverifiedGeneral CatalystunverifiedGround Up VenturesunverifiedValtruisGenius Ventures
GlobeNewswire
Oct 15, 2026Rampprimary financingParticipated$1.85B$60B
Dragoneer Investment GroupLeadunverifiedThrive CapitalunverifiedFounders FundunverifiedSands CapitalunverifiedFidelity InvestmentsunverifiedT. Rowe PriceunverifiedD1 Capital PartnersunverifiedGreenoaksunverifiedIconiq CapitalunverifiedGICunverified8VCunverifiedCoatue ManagementunverifiedFirstMark CapitalunverifiedGeneral CatalystunverifiedKhosla VenturesunverifiedLightspeed Venture PartnersunverifiedStripes GroupunverifiedAvenir GrowthD.E. Shaw
Morningstar
Oct 14, 2026MeliusSeedLed$25M—
General CatalystLeadunverified
Pulse 2.0
Oct 13, 2026GraylarkSeedLed$10.7M—
General CatalystLeadunverified
The SaaS News
Oct 11, 2026ProximalSeedLed$15M$300M
General CatalystLeadunverifiedSV AngelunverifiedChemistry VenturesunverifiedGo Global Ventures
The SaaS News
Oct 8, 2026OratomicSeries BLed$475M$5.5B
ARCH Venture PartnersLeadunverifiedSpark CapitalLeadunverifiedKhosla VenturesLeadunverifiedIndex VenturesLeadunverifiedGeneral CatalystLeadunverifiedBezos ExpeditionsLeadunverified
SiliconANGLE
Oct 6, 2026MeliusSeries AParticipated$20M—
CRVLeadunverifiedGeneral CatalystunverifiedGeneral Catalyst and CRV
TechCrunch
Oct 5, 2026Axiom Solutionsfunding roundLed$2B$37.5B EV
General CatalystLeadunverifiedKoch Equity Development
Pulse 2.0
Sep 29, 2026General Intuitionfunding roundParticipated$220M$6.2B
Valor Equity PartnersunverifiedAtreides ManagementunverifiedSeven Seven SixunverifiedPoint72unverifiedKhosla VenturesunverifiedGeneral Catalystunverified
SiliconANGLE
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 HorowitzLeadAccelLeadGeneral CatalystAvenir Growth CapitalFounders Fund
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 VenturesJohn DoerrTom SteyerSiemens
Pulse story
Aug 19, 2026CastelionSeries CParticipated$800M$13B
JPMorganChase Strategic Investment GroupLeadAndreessen HorowitzLeadCarlyle GroupLeadLightspeed Venture PartnersLavrock VenturesAltimeter CapitalGeneral CatalystInterlagosT. Rowe Price
Castelion

Sector / Stage Activity

By sector (portfolio)
AI infra
9 · 23%
Defense
5 · 13%
Enterprise SaaS
3 · 8%
Biotech
2 · 5%
Developer tools
2 · 5%
Healthcare AI
2 · 5%
Fintech
2 · 5%
AI
2 · 5%
Infrastructure
1 · 3%
Healthcare
1 · 3%
By stage (tracked rounds)
Series C
10 · 50%
Series B
7 · 35%
Series A
6 · 30%
Seed
5 · 25%
Series E
2 · 10%
primary financing
1 · 5%
Revenue-based growth financing
1 · 5%
Growth
1 · 5%
Growth round
1 · 5%
Series G
1 · 5%

Co-Investors

12
SV Angel · 14 sharedAndreessen Horowitz · 8 sharedAccel · 7 sharedKleiner Perkins · 7 shared8VC · 6 sharedFounders Fund · 6 sharedKhosla Ventures · 6 sharedLightspeed Venture Partners · 6 sharedGround Up Ventures · 1 sharedHeadline · 1 sharedKAS Venture Partners · 1 sharedLiberty City Ventures · 1 shared

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Value Add Research

Latest Pulse

  1. Baba Raises $40M To Fix The Medicare ExperienceBaba, an applied-AI company pairing licensed clinicians with AI to help Medicare and Medicaid patients manage care, raised a $40 million Series A led by FirstMark Capital with CVS Health Ventures and Valtruis joining.→
  2. Otter.ai Lands $320M From General Catalyst | Crossed 40M UsersOtter.ai, the AI meeting-notes app, secured $320 million in non-dilutive growth capital from General Catalyst's Customer Value Fund, which ties returns to marketing performance rather than equity, as the company passes 40 million users.→
  3. Modal Confirms $750M Series D, Crosses $1B Annualized RevenueModal Labs has closed the $750 million Series D at a $15.75 billion valuation first reported as pending in September, and says the AI infrastructure company has now crossed $1 billion in annualized revenue.→
  4. TwinCafe Lets Recruiters Interview Your AI Twin FirstEightfold AI CEO Ashutosh Garg's new platform TwinCafe lets job candidates build an AI twin from their résumé and work history that recruiters can question before ever meeting the real person.→
  5. Proximal's $15M Seed Already Values It At $300MProximal emerged from stealth with a $15 million seed led by General Catalyst at a $300 million valuation, building AI infrastructure that automates the post-training feedback loop for frontier models.→
  6. Oratomic Triples To $5.5B Valuation In Three MonthsQuantum computing startup Oratomic raised a $475 million Series B at a $5.5 billion valuation, up from $1.5 billion three months ago, the same day rival Universal Quantum closed a $100 million-plus Series A.→
  7. Ex-Ramp Engineers Raise $25M For AI Ad Platform MeliusMelius, an AI platform for generating ad campaigns, images and videos, raised $25 million total — a $20 million Series A led by CRV plus a $5 million seed led by General Catalyst — after scrapping its original product.→
  8. Axiom Secures $2B Investment At $37.5B Enterprise ValueFlex's power-infrastructure unit Axiom Solutions landed a $2 billion convertible preferred investment at a $37.5 billion enterprise value, led by General Catalyst and Koch Equity Development, ahead of its 2027 spinoff.→
  9. Menlo Backs Factory Right After Its Khosla BlowupDays after a public dispute between Factory's CEO and Khosla Ventures, Menlo Ventures joined Factory's round at a $5 billion valuation -- a pointed show of confidence in a company whose own backer just called it second-tier.→
  10. General Intuition's New Round Lifts It To $6.2BGeneral Intuition raised $220 million in new funding at a $6.2 billion valuation, up from the $2.3 billion mark Pulse covered in June, as investor interest in AI world-model startups keeps compounding.→
  11. 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.→
  12. 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.→
  13. 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.→
  14. 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.→
  15. 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.→
  16. 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.→
  17. 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.→
  18. 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.→
  19. 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.→
  20. 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.→
  21. 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.→
  22. 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.→
  23. 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.→
  24. 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.→
  25. 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.→
  26. 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.→
  27. 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.→
  28. 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.→
  29. 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.→
  30. 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.→
  31. 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.→
  32. 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.→
  33. 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.→
  34. 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.→
  35. 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.→
  36. 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.→
  37. 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.→
  38. 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.→
  39. 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.→
  40. 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.→

General Catalyst FAQ

What companies has General Catalyst invested in?

General Catalyst's portfolio includes Emerald AI, Baba, Anthropic, Ramp, Anduril Industries, Modal Labs, and 33 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 (14 shared deals), Andreessen Horowitz (8 shared deals), Accel (7 shared deals), Kleiner Perkins (7 shared deals), 8VC (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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