General Catalyst Raises $715 Million For Two Funds

Cambridge-based venture firm General Catalyst Partners has raised two new funds totaling $715 million, PE Week Wire reports today, citing regulatory filings. The funds, General Catalyst Group V and General Catalyst Group V Supplemental, were culled from 77 investors, according to the publication. The $600 million General Catalyst V was listed in a Dow Jones Private Equity Analyst report from two weeks ago as the third-largest Massachusetts fund raised in the year’s first three quarters (behind the $1 billion Bessemer Venture Partners VI and the $750 million Battery Ventures VIII).

Author: Robert Buderi

Bob is Xconomy's founder and chairman. He is one of the country's foremost journalists covering business and technology. As a noted author and magazine editor, he is a sought-after commentator on innovation and global competitiveness. Before taking his most recent position as a research fellow in MIT's Center for International Studies, Bob served as Editor in Chief of MIT's Technology Review, then a 10-times-a-year publication with a circulation of 315,000. Bob led the magazine to numerous editorial and design awards and oversaw its expansion into three foreign editions, electronic newsletters, and highly successful conferences. As BusinessWeek's technology editor, he shared in the 1992 National Magazine Award for The Quality Imperative. Bob is the author of four books about technology and innovation. Naval Innovation for the 21st Century (2013) is a post-Cold War account of the Office of Naval Research. Guanxi (2006) focuses on Microsoft's Beijing research lab as a metaphor for global competitiveness. Engines of Tomorrow (2000) describes the evolution of corporate research. The Invention That Changed the World (1996) covered a secret lab at MIT during WWII. Bob served on the Council on Competitiveness-sponsored National Innovation Initiative and is an advisor to the Draper Prize Nominating Committee. He has been a regular guest of CNBC's Strategy Session and has spoken about innovation at many venues, including the Business Council, Amazon, eBay, Google, IBM, and Microsoft.