Venture Capital Firm General Catalyst Aims to Raise About $10 Billion

March 12 (Bloomberg) — General Catalyst is in talks with investors about a new funding round targeting roughly $10 billion, per people familiar with the matter. The capital would be spread across multiple investment vehicles, including early-stage venture funds and growth funds. Negotiations are still in early stages, and the final fundraising amount could still change. The firm has backed numerous crypto and blockchain companies in the past. In recent years, it has expanded beyond its traditional VC model into a broader financial platform, ramping up bets on financial services and other sectors. A successful round would significantly boost General Catalyst’s financial firepower, potentially pitting it against a16z as it aims to solidify its position among top U.S. venture capital firms.