Medical and administrative staff are increasingly overwhelmed with piles of paperwork they have to fill out every day. Dozens, if not hundreds, of startups, are seeing opportunities to make those bureaucratic processes less burdensome with the help of generative AI. These companies are building AI medical scribes, platforms for pre-authorizing health insurance payments, and products […]
U.S. venture capital giant General Catalyst has announced a fresh $8 billion in funds as it looks to ramp up its investments in multi-sector early-stage startups globally, with a specific focus on the U.S., Europe, and India. The capital constitutes around $4.5 billion for its “core VC funds” which spans seed and growth equity funding,
General Catalyst raises $8B in fresh funds to back startups globally Read More »
Earlier this year, Medal, a startup known for its video game clipping features, launched a cross-platform AI assistant called Highlight. Now, the company is spinning off Highlight into a new entity, which has raised $10 million in a funding round. General Catalyst led the funding round with Valor, SV Angel, and Conviction Embed participating in
Desktop AI assistant app Highlight spins out of Medal with $10M in funding Read More »
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
General Catalyst reportedly to back Saudi Arabian startup Read More »
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
General Catalyst is working on a ‘continuation’ fund worth up to $1B, sources say Read More »
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
Zepto hits $5B valuation as quick commerce heats up in India Read More »
Most startups are looking to solve a problem inside a business, but Bandana, a New York City-based startup has a different goal. It wants to help people at the lower end of the wage scale find better jobs with higher wages and good benefits, all while being closer to home to reduce commuting time. Today,
Bandana lands new investment to help hourly wage workers find good jobs Read More »
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
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
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
General Catalyst merges with Venture Highway in India push Read More »
