Who is General Catalyst?

General Catalyst is a U.S.-based venture capital (VC) firm that makes early stage and growth investments. The firm has invested in global companies, including Airbnb, Kayak, Datalogix, Datto, Livongo, Gusto, Buildkite, Warby Parker, Oscar, Deliveroo, Lemonade, Stripe, and Snap.

Does General Catalyst have a new Health Assurance Fund?

General Catalyst has raised $600 million for a new Health Assurance Fund, the firm says, its first vertical-focused vehicle and one that looks to build on recent success like Livongo, the diabetes monitoring company that was acquired by Teladoc in a $18.5 billion deal that closed last October.

How much did General Catalyst raise in 2021?

In February, General Catalyst raised $4.6 billion for its 11th general fund, which will co-invest alongside the two healthcare funds, in company creation, seed, early-stage and growth. The firm, which has raised $14.75 billion in its over 20-year history, reported $33.3 billion in regulatory assets under management at the end of 2021.

What is General Catalyst's biggest healthcare exit?

General Catalyst’s biggest healthcare exit is a case in point. At the 2021 peak, Teladoc announced it would acquire virtual chronic disease company Livongo for $18.5 billion. At Monday’s close, Teladoc’s market cap was $3 billion.