|By Business Wire||
|December 23, 2013 11:15 AM EST||
General Catalyst Partners, a Cambridge, Mass.; Palo Alto, Calif.; and New York-based venture capital firm that makes early stage and XIR/growth equity investments, today announced that it has closed its newest fund, General Catalyst Group VII, L.P. (General Catalyst VII).
With approximately $675 million in subscriptions, the new fund enables General Catalyst to expand its current portfolio of more than 100 transformative technology businesses with emphasis on growing its Silicon Valley presence. The launch of General Catalyst VII brings the firm’s total capital raised for its funds to approximately $3 billion.
In a blog post, the General Catalyst team reflects on the firm’s 13-year journey, its track record of building great companies and its strong expectations for Silicon Valley.
General Catalyst Partners has eleven managing directors on both coasts, with teams in Boston, Palo Alto, San Francisco and New York.
About General Catalyst Partners
General Catalyst Partners is a venture capital firm that makes early stage and growth equity investments. General Catalyst Partners invests in exceptional entrepreneurs who are building the technology-based companies that will lead innovation and transform industries. Founded in 2000, General Catalyst Partners leverages its principals' extensive operational, business development and technological expertise to provide portfolio companies with a catalyst for success through business-building and partnership development assistance. General Catalyst has offices in Cambridge, MA, Palo Alto, CA and New York City. For more information, visit: www.generalcatalyst.com or https://twitter.com/gcvp