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General Catalyst leads $200M investment into Bilt Rewards, doubling its valuation to $3.1B

Ycombinator

Ycombinator · 1y ago

General Catalyst leads $200M investment into Bilt Rewards, doubling its valuation to $3.1B

Bilt Rewards, a platform that allows consumers to earn rewards on rent and daily neighborhood spend, has raised $200 million in funding at a valuation of $3.1 billion. General Catalyst led the financing, with participation from Eldridge, Left Lane Capital, Camber Creek, and Prosus Ventures. The raise marks a significant increase in valuation for the New York-based company. Bilt plans to use the funds to expand its Rewards Alliance and Neighborhood Rewards programs, as well as venture into mortgage payment rewards.

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German defence startup Helsing raises $693 million in latest investment round

Economic Times

Economic Times · 1m ago

German defence startup Helsing raises $693 million in latest investment round

German defence start-up Helsing raised 600 million euros in its latest investment round, led by Spotify founder Daniel Ek. This funding values Helsing at 12 billion euros, ranking it among Europe’s top five private tech companies. The round was spearheaded by Prima Materia, Ek’s investment company, doubling its initial stake. Other contributors include Lightspeed Ventures, Accel, Plural, General Catalyst, and SAAB. Helsing specializes in AI software for military applications amid increasing geopolitics-driven defence spending.

Silicon Valley VC fund General Catalyst acquires Venture Highway; will deploy $1 billion in India

Economic Times

Economic Times · 1y ago

Silicon Valley VC fund General Catalyst acquires Venture Highway; will deploy $1 billion in India

General Catalyst, a Silicon Valley venture capital firm known for backing successful tech companies, is set to acquire Venture Highway, an early-stage investor focused on India. Venture Highway, founded by former WhatsApp executive Neeraj Arora, will merge into General Catalyst India. The move marks General Catalyst's official entry into India and comes as the venture capital industry undergoes a reset. General Catalyst plans to invest between $500 million and $1 billion in India and sees significant potential in the country's startup ecosystem.

General Catalyst hires JPMorgan veteran for early-stage fund

VCCircle

VCCircle · 2m ago

General Catalyst hires JPMorgan veteran for early-stage fund

General Catalyst, a U.S.-based venture capital firm, has appointed Madhu Namburi, a veteran from JPMorgan, as the managing director of its Creation fund. This move follows the firm's recent investment in PB Fintech's new healthcare venture in Mumbai. General Catalyst focuses on early and growth-stage investments and has expanded its influence by acquiring domestic venture capital firm Venture Highway, further solidifying its presence in the venture capital landscape.

Cred, Zepto-backer General Catalyst raises $8 bn for early-stage bets globally

VCCircle

VCCircle · 8m ago

Cred, Zepto-backer General Catalyst raises $8 bn for early-stage bets globally

US venture capital firm General Catalyst has raised $8bn to expand its global investment strategy. The funds will be allocated across three different strategies, with $4.5bn targeting core venture capital funds for seed and growth equity opportunities, $1.5bn for creating new startups, and $2bn for expanding the company's presence in strategically significant businesses. General Catalyst has previously backed companies such as Airbnb, Stripe, Snap, and Hubspot. The firm plans to invest in sectors including AI, defence and intelligence, climate and energy, industrials, healthcare, and fintech.

Hippocratic AI valued at $1.64 billion after series B round

Economic Times

Economic Times · 6m ago

Hippocratic AI valued at $1.64 billion after series B round

Hippocratic AI achieved a $1.64 billion valuation following a series B funding round, raising $141 million, totaling $278 million. The funding was led by Kleiner Perkins, with participation from A16z, General Catalyst, Premji, NVIDIA, SV Angel, Universal Health Services, and WellSpan Health. This success reflects the growing investment in AI-focused startups, spurred by advancements like Open AI's ChatGPT. Hippocratic AI was co-founded by CEO Munjal Shah with experts from renowned institutions and companies.

CRED, Spinny Backer General Catalyst Eyes India’s Venture Highway Buyout

Inc42 · 1y ago

CRED, Spinny Backer General Catalyst Eyes India’s Venture Highway Buyout

US-based venture capital fund General Catalyst is reportedly in talks to acquire India's seed-focused venture capital firm Venture Highway. General Catalyst is looking to strengthen its presence in India's startup ecosystem and may consider other Indian VC firms if the Venture Highway deal doesn't happen. This move follows the resignation of Samir Sood, co-founder of Venture Highway. If the acquisition goes through, Venture Highway would operate as the investing arm in India for General Catalyst, focusing on early-stage deals.

Zepto Likely To Enter BNPL Segment With ‘Zepto Postpaid’

Inc42 · 10m ago

Zepto Likely To Enter BNPL Segment With ‘Zepto Postpaid’

Zepto is introducing a new feature on its app called Zepto Postpaid. Users can sign up on the waitlist to get early access to this feature. Zepto Postpaid will allow users to make interest-free repayments up to INR 5,000. This announcement comes shortly after Zepto raised $340 million in a funding round, led by General Catalyst, resulting in a valuation of $5 billion.

Robinhood acquires global crypto exchange Bitstamp for $200M

TechCrunch · 1y ago

Robinhood acquires global crypto exchange Bitstamp for $200M

Stock-trading app Robinhood has announced its acquisition of cryptocurrency exchange Bitstamp for an estimated $200 million, in a move that expands its presence in the crypto market. This transaction represents Robinhood's ongoing push into cryptocurrencies and its international expansion efforts. Bitstamp, one of the world's oldest crypto exchanges, will help Robinhood target retail and institutional crypto investors in Europe, Asia, and the US. The deal is expected to close in the first half of 2025. Robinhood's valuation has more than doubled in the past year to $19 billion.

Anthropic nears $61 billion valuation in new funding round: Report

Inshorts · 4m ago

Anthropic nears $61 billion valuation in new funding round: Report

AI startup Anthropic is seeking to raise $3.5 billion in a funding round at a $61.5 billion valuation, Reuters reported. Venture firms including Lightspeed Venture Partners, General Catalyst and Bessemer Venture Partners could participate in the round. Founded by former OpenAI employees, the startup was valued at around $18 billion in a fundraise last year.

General Catalyst’s Hemant Taneja Builds Strategic Conglomerate Using Main Street America for AI Innovation | DeepNewz VC

Business Bytes

Business Bytes · 1m ago

General Catalyst’s Hemant Taneja Builds Strategic Conglomerate Using Main Street America for AI Innovation | DeepNewz VC

Hemant Taneja of General Catalyst is strategically building a conglomerate focused on Main Street by leveraging early-stage investments and fostering AI-native founders. His approach aims to integrate artificial intelligence into traditional business sectors, enhancing operational efficiencies and driving innovation among startups. Taneja’s investment strategy emphasizes supporting companies that can impact local economies positively, thereby creating scalable and sustainable growth. His efforts highlight the evolving landscape of venture capital in nurturing next-generation entrepreneurs.

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