How it started
History
General Catalyst was founded in 2000 in Massachusetts by Joel Cutler and David Fialkow.
In 2010, the company opened a Silicon Valley office. In 2021, the firm managed more than $8 billion in assets. In February 2022, it raised $4.6 billion for its 11th general fund. This brought the firm's total raised in its 20-year history to $14.75 billion.
In 2021, the firm opened a London office. By September 2022, General Catalyst had invested in 17 European startups. By April 2023, the company had invested in 25 Indian startups, including CRED, Uni, Spinny, Orange Health, FarMart, and Loop Health with investments ranging in all stages.
In March 2023, following regulators' closure of Silicon Valley Bank during a depositor run, General Catalyst organized a joint statement signed by more than 110 venture capital firms expressing support for the bank and its customers.
In June 2022, the company made an investment in Multiverse as part of a $220 million investment round.
From Wikipedia’s article on General Catalyst, shared under CC BY-SA 4.0.3