General Catalyst

Indian drone startup Raphe mPhibr raises $100M as military UAV demand soars

Transportation /

Indian drone startup Raphe mPhibr has raised $100 million in an all-equity Series B round led by General Catalyst, as the startup aims to boost its R&D and local production capabilities amid growing demand for drones in battlefields and for border surveillance. Drones are becoming increasingly ubiquitous in global military operations. In recent and ongoing […]

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Sword Health nabs $40M at $4B valuation, pushes IPO plans to at least 2028

Fundraising /

Sword Health, an AI-powered digital health startup, has raised $40 million at a $4 billion valuation, a 33% jump from the $3 billion price tag it earned just a year ago. The funding was led by returning investor, General Catalyst. Even though 10-year-old Sword Health is cash-flow positive, its CEO and founder, Virgílio Bento, told

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Grammarly secures $1B in non-dilutive funding from General Catalyst

Startups /

Grammarly has secured a $1 billion commitment from General Catalyst. The 14-year-old writing assistant startup will use the new funds for its sales and marketing efforts, freeing up existing capital to make strategic acquisitions. Unlike a traditional venture round, General Catalyst will not receive an equity stake in the company in return for the investment.

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Context gets $11M to build an AI-powered office suite

Fundraising /

Context, a startup building an AI-powered office suite, on Wednesday announced that it raised $11 million in a seed round led by Lux Capital with participation from Qualcomm Ventures and General Catalyst. The round, which brings the company’s total raised to around $15.75 million, values Context at $70 million. Founder Joseph Semrai, a Thiel Fellow,

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Khosla Ventures among VCs experimenting with AI-infused roll-ups of mature companies

AI /

Venture capitalists have always focused on investing in companies that leverage technology to either disrupt established industries or create entirely new business categories. But some VCs are starting to flip the script on their investing styles. Rather than funding startups, they are acquiring mature businesses –such as call centers, accounting firms, and other professional service

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Sprinter Health raises $55M to expand its at-home healthcare service

Biotech & Health /

When Max Cohen and Cameron Behar set out to launch a startup together during the pandemic, they decided to focus on the most top-of-mind sector of the era: healthcare. But since neither Cohen nor Behar had a background in healthcare (both worked at Google and Facebook previously), they had to think long and hard about

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Finom, a challenger bank aimed at SMBs, lands $105M in growth funding from General Catalyst

Fundraising /

Finom, an Amsterdam-based digital bank for small- and medium-sized businesses, has raised €92.7 million (roughly $105 million) in a growth investment from General Catalyst’s Customer Value Fund, the company tells TechCrunch exclusively. The capital infusion “will be used exclusively and only for growth” and not for operational expenses or product development, Kos Stiskin, Finom’s chairman

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Factorial snaps up $120M from General Catalyst to boost its HR sales and marketing

Fundraising /

While Rippling and Deel duke it out in the field and in the courtroom alleging illegal sales and marketing tactics, here’s another way to boost business growth: pick up a massive sum of cash to expand your operations in those areas. Factorial, the Barcelona-based “unicorn” startup that provides an all-in-one HR platform in the cloud

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General Catalyst loses three top investors as the firm expands beyond venture, contemplates IPO

Venture /

Three key investors have left General Catalyst amidst a series of recent changes at the firm, which now describes itself as an “investment and transformation company,” TechCrunch has learned. The departed managing directors include Deep Nishar and Kyle Doherty, who co-led General Catalyst’s late-stage strategy known as Endurance, and Adam Valkin, one of the three

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