BlockBeats News, March 12th, according to Bloomberg, venture capital firm General Catalyst is in discussions with investors about a new round of funding, aiming for a scale of about $10 billion. Sources familiar with the matter said that the funds are intended to be allocated to multiple investment vehicles, including early-stage venture funds and growth funds. The current negotiations are still in the early stages, and the final fundraising scale may still be adjusted.
General Catalyst has previously invested in many cryptocurrency and blockchain companies. In recent years, the firm has been gradually expanding from its traditional venture capital model to a broader financial platform and increasing its investments in financial services and other areas. If this round of fundraising is successful, General Catalyst’s financial strength will be significantly enhanced, potentially putting it in competition with a16z to further consolidate its position among large venture capital firms in the United States.
