General Catalyst Partners has raised $675 million in funding as part of their seventh fund. This round of funding will be used for putting money into startups. Based in Boston, General Catalyst opened up operations in California three years ago.
General Catalyst has put money into companies like Warby Parker, Airbnb, Fancy, Hubspot, Jumptap, GoodData, CoachUp, The Honest Company, Stripe, Highfive, Handybook, and Snapchat.
General Catalyst is known for incubating companies as well. They oversaw the development of travel search website Kayak.com and snack subscription service NatureBox.