General Catalyst

General Catalyst reportedly to back Saudi Arabian startup

Venture /

Despite Saudi Arabia’s record of human rights abuses, some investors are warming up to investing in the country’s startups. General Catalyst is planning to invest in a Saudi Arabia-based fintech startup, Lean Technology, the firm’s first investment in the Middle Eastern nation, the Information reported. Other Saudi Arabian startups that US-based investors recently backed include […]

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General Catalyst is working on a ‘continuation’ fund worth up to $1B, sources say

Fundraising /

General Catalyst, one of Silicon Valley’s largest capital firms, is gearing up to launch what’s known as a “continuation fund” worth between $800 million and $1 billion, according to a person familiar with the plans. A continuation fund consists of a portion of stakes that the VC firm has in portfolio companies. With around $25

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Zepto hits $5B valuation as quick commerce heats up in India

Commerce /

Indian grocery delivery startup Zepto has finalized a $340 million round that values it $5 billion, up from $3.6 billion in June and $1.4 billion last August, as the startup races to win market share in India’s contested quick-commerce market. sources familiar with the deal told TechCrunch. General Catalyst and Mars Growth Capital are co-leading

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Kleiner Perkins announces $2 billion in fresh capital, showing that established firms can still raise large sums

Venture /

Many VC firms are struggling to attract new capital from their own backers amid a tepid IPO environment. But established, brand-name firms are still able to raise large funds. On Friday, Kleiner Perkins announced that it closed on more than $2 billion in fresh capital across two funds, a slight increase from the 52-year-old firm’s

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General Catalyst leads $40M round for Local Kitchens, a different kind of restaurant kitchen startup

Fundraising /

At a time when companies are shuttering their cloud and ghost kitchens, Local Kitchens is proving its tech-enabled multi-brand restaurant concept is a business model that can work. And it grabbed $40 million in new Series B funding for its efforts. Jon Goldsmith, Jordan Bramble and Andrew Munday, all former DoorDashers, started the San Francisco-based

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General Catalyst merges with Venture Highway in India push

Venture /

General Catalyst, a Silicon Valley-based venture capital group, is expanding its presence in India by joining forces with local venture firm, Venture Highway, and earmarking $500 million to $1billion for investments in the country. Venture Highway’s investments include social commerce startup Meesho and B2B industrial marketplace Moglix. The two firms were said to be in talks

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General Catalyst-backed Jasper Health lays off staff

Biotech & Health /

Jasper Health, a cancer care platform startup, laid off a substantial part of its workforce, TechCrunch has learned. Engineering and product design were among the departments impacted by the cuts, according to posts on LinkedIn from impacted employees. TechCrunch was unable to independently verify the exact number of people who were cut, but an industry

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Dietitian startup Fay has been booming from Ozempic patients and emerges from stealth with $25M from General Catalyst, Forerunner

Biotech & Health /

For years, Sammy Faycurry has been hearing from his registered dietitian (RD) mom and sister about how poorly many Americans eat and their struggles with delivering nutritional counseling. Although nearly half of all adults in the country are affected by chronic conditions linked to unhealthy diets, health plans have a limited number of in-network registered

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How Y Combinator’s founder-matching service helped medical records AI startup Hona land $3M

AI /

Y Combinator is renowned in Silicon Valley for a lot of reasons, but there’s one service that has quietly become one of its most powerful: an online founder-matching tool. “I think this is the most valuable digital product that YC has built (i.e. more valuable than Bookface, etc.). It’s astonishing how many founders I meet

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