General Catalyst Seeks $10 Billion in New Funding

General Catalyst, a venture capital firm that has expanded into a comprehensive financial services company, is reportedly in discussions with investors to secure approximately $10 billion in new funding. Bloomberg posted on X, citing sources familiar with the situation, that the firm is aiming to bolster its financial capabilities through this significant capital raise. The move reflects General Catalyst's strategic shift and ambition to enhance its investment portfolio and service offerings. Further details on the potential investors or the timeline for the funding have not been disclosed.