Oct 25, 03:52 PM

General Catalyst Raises $8 Billion, Including $900 Million for Pacific Fusion

General Catalyst, a global investment and transformation firm based in Silicon Valley, has raised $8 billion (approximately €7.5 billion) in fresh funds to support startups globally. This marks the largest sum raised by a venture capital firm in more than two years. The funds will be allocated across several new ventures, including a $900 million Series A investment in Pacific Fusion, a nuclear startup led by Eric Lander. The Pacific Fusion deal is milestone-driven, with funds being released based on pre-determined achievements. General Catalyst's new fund aims to back founders behind venture capital, including notable companies like Monzo and Airbnb, and support innovation in various sectors.