Bloomberg: General Catalyst plans to raise about $10 billion to compete with a16z

According to Bloomberg, the venture capital firm General Catalyst is in discussions with investors about a new fundraising plan, aiming for approximately $10 billion.

Insiders say that the funds are intended to be allocated to multiple investment vehicles, including early-stage venture capital funds and growth funds. Negotiations are still in the early stages, and the final fundraising amount may still be adjusted.

General Catalyst has previously invested in several cryptocurrency and blockchain companies. In recent years, the firm has been gradually expanding from traditional venture capital models to a broader financial platform and increasing investments in areas such as financial services. If this round of fundraising is completed, General Catalyst's capital strength will be significantly enhanced, and it is expected to compete with a16z, further solidifying its position among large venture capital firms in the United States.