Investments
1266Portfolio Exits
189Funds
35Partners & Customers
10Service Providers
2About General Catalyst
General Catalyst is a venture capital firm that makes early-stage and transformational investments. It back entrepreneurs who are building technology companies and businesses, and invests in seed-stage, early-stage, later-stage, and growth-stage companies operating in consumer, enterprise, fintech, crypto, health assurance, software, transportation, big data, and technology sectors. The company was founded in 2000 and is based in Cambridge, Massachusetts.

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Expert Collections containing General Catalyst
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Find General Catalyst in 17 Expert Collections, including Direct-To-Consumer Brands (Non-Food).
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Startups aiming work with retailers to improve brick-and-mortar retail operations.
Unicorns- Billion Dollar Startups
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Grocery Retail Tech
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Startups providing tools to grocery businesses to improve in-store operations. Includes IoT tools, customer analytics platforms, in-store robots, predictive inventory management systems,and more. (Does not include on-demand grocery delivery startups or online-only grocery stores)
Research containing General Catalyst
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned General Catalyst in 18 CB Insights research briefs, most recently on May 24, 2023.



Latest General Catalyst News
May 30, 2023
Adonis raises $17.3m to transform revenue outcomes for healthcare providers across the U.S. Published: 30-05-2023 09:16:00 | By: Pie Kamau | hits: 15 | Tags: Adonis, a Revenue Intelligence and Automation Platform built for healthcare, announced it has raised $17.3 million in Series A financing led by General Catalyst. General Catalyst is joined by existing investors Bling Capital, Max Ventures, and Homebrew. As part of the financing, Holly Maloney from General Catalyst will join the board of directors. The current round comes on the heels of a $5.6 million Seed round announced six months ago – all since the company's founding in 2022. With a total of $22.9 million raised to date and trending to significantly exceed revenue expectations in 2023, Adonis is one of the fastest growing healthcare software companies in the United States. This has been made possible by both the diversity and scale of customers which include private practices, hospitals, revenue cycle organizations, and digital health providers. As a result, Adonis is overseeing the processing of billions of dollars of claims and impacting revenue outcomes for thousands of the nation's providers. Aman Magoon , CPO and Co-founder, Adonis: "Healthcare organizations are tasked with the profound responsibility of managing patient outcomes. Adonis relieves operations teams of the burden of revenue cycle by offering a platform that is modular enough to solve individual pain points while being broad enough to own end-to-end financial operations. Nearly $1 in every $7 spent on healthcare is attributed to revenue collection and other insurance related activities. By driving this cost down, Adonis is poised to make the system more efficient." Amid growing financial challenges experienced by a diverse set of healthcare providers, demand to more predictably collect revenue that's commonly lost in the cracks of revenue cycle management (RCM), has grown exponentially. According to the Adonis Data Science Team, healthcare organizations on average are missing 10-15% of the revenue they expect to collect each year. This is commonplace as a result of the operational fragmentation that exists between patients, payers, and healthcare providers. Powered by data science and automation, Adonis helps providers seek to address the common issues and areas of susceptibility within RCM to work toward creating better, more reliable revenue outcomes. This is made possible by automating the holistic payment collection process, analyzing revenue trends, validating patient insurance data at scale, and bridging the system-of-record gaps between healthcare providers, insurance companies, and patients. Holly Maloney , Managing Director, General Catalyst: "We believe Adonis has cracked the revenue code between healthcare providers and insurance companies with its robust AI-driven payment collection process. On top of the technology, team, and growth, the company is positioned for healthcare providers to seek to optimize the shape of their businesses.Stronger financial positions have the potential to lead to better clinical care and patient outcomes, which is a core part of our Health Assurance thesis. We are looking forward to partnering with Adonis as they aim to innovate the revenue cycle management space for the healthcare sector.'' Akash Magoon , CEO and Co-founder, Adonis: "We couldn't be more excited to partner with General Catalyst on this next phase of growth for our business. As the uncertainty increases in our nation's economic climate, most healthcare operations leaders are looking to drive stronger RCM outcomes. The revenue cycle check-engine light remains on for most providers, and it's difficult to quickly adapt to the ever changing insurer contracts and regulations. We intend on using this injection of capital to expand our provider partnerships throughout the country and further our technological advantages and vision." The latest funding will be used to accelerate product innovation, expand partnerships with major EHR and PMS systems, bolster collaboration with some of the country's largest providers, and continue investment in expanding Adonis's healthcare data processing and linking capabilities.
General Catalyst Investments
1,266 Investments
General Catalyst has made 1,266 investments. Their latest investment was in Zageno as part of their Series D on May 5, 2023.

General Catalyst Investments Activity

Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
5/25/2023 | Series D | Zageno | $33M | No | 6 | |
5/25/2023 | Seed VC - II | XFlow | $10.2M | No | 3 | |
5/16/2023 | Seed VC | Hippocratic AI | $50M | Yes | 10 | |
5/16/2023 | Seed VC | |||||
5/10/2023 | Series A |
Date | 5/25/2023 | 5/25/2023 | 5/16/2023 | 5/16/2023 | 5/10/2023 |
---|---|---|---|---|---|
Round | Series D | Seed VC - II | Seed VC | Seed VC | Series A |
Company | Zageno | XFlow | Hippocratic AI | ||
Amount | $33M | $10.2M | $50M | ||
New? | No | No | Yes | ||
Co-Investors | |||||
Sources | 6 | 3 | 10 |
General Catalyst Portfolio Exits
189 Portfolio Exits
General Catalyst has 189 portfolio exits. Their latest portfolio exit was Pyroscope on March 15, 2023.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
---|---|---|---|---|---|
3/15/2023 | Acquired | 3 | |||
12/19/2022 | Acquired | 7 | |||
12/9/2022 | Reverse Merger | 8 | |||
Date | 3/15/2023 | 12/19/2022 | 12/9/2022 | ||
---|---|---|---|---|---|
Exit | Acquired | Acquired | Reverse Merger | ||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 3 | 7 | 8 |
General Catalyst Acquisitions
7 Acquisitions
General Catalyst acquired 7 companies. Their latest acquisition was Athletes First on March 01, 2023.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
---|---|---|---|---|---|---|
3/1/2023 | Debt | $2.69M | Acq - Fin | 1 | ||
4/15/2019 | Series B | |||||
2/11/2011 | ||||||
5/24/2010 | ||||||
3/22/2004 | Other Venture Capital |
Date | 3/1/2023 | 4/15/2019 | 2/11/2011 | 5/24/2010 | 3/22/2004 |
---|---|---|---|---|---|
Investment Stage | Debt | Series B | Other Venture Capital | ||
Companies | |||||
Valuation | |||||
Total Funding | $2.69M | ||||
Note | Acq - Fin | ||||
Sources | 1 |
General Catalyst Fund History
35 Fund Histories
General Catalyst has 35 funds, including General Catalyst Health Assurance Fund II.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
---|---|---|---|---|---|
7/20/2022 | General Catalyst Health Assurance Fund II | $670M | 1 | ||
12/17/2020 | GC Health Assurance Holdings | $103.5M | 1 | ||
11/25/2020 | GC Venture X | $50M | 1 | ||
4/9/2020 | General Catalyst Group X - Growth Venture | ||||
4/9/2020 | General Catalyst Group X - Endurance |
Closing Date | 7/20/2022 | 12/17/2020 | 11/25/2020 | 4/9/2020 | 4/9/2020 |
---|---|---|---|---|---|
Fund | General Catalyst Health Assurance Fund II | GC Health Assurance Holdings | GC Venture X | General Catalyst Group X - Growth Venture | General Catalyst Group X - Endurance |
Fund Type | |||||
Status | |||||
Amount | $670M | $103.5M | $50M | ||
Sources | 1 | 1 | 1 |
General Catalyst Partners & Customers
10 Partners and customers
General Catalyst has 10 strategic partners and customers. General Catalyst recently partnered with Agiliti on December 12, 2022.
Date | Type | Business Partner | Country | News Snippet | Sources |
---|---|---|---|---|---|
12/20/2022 | Partner | United States | Health systems are 'all chasing the same staff' to fill roles, UHS CEO says We hear from Marc Miller , president and CEO of Universal Health Services , as he discusses the health system 's recent partnership with General Catalyst and its push to increase access to behavioral healthcare . | 1 | |
11/15/2022 | Partner | United States | General Catalyst names 10 additional health systems as partners General Catalyst and Banner `` are both betting as partners that we 're going to find opportunities where it makes sense to invest together , '' Nordlund said . | 1 | |
11/14/2022 | Partner | United States | General Catalyst adds UC Davis Health to list of health system partners This partnership is the latest initiative from UC Davis Health to advance digital medicine through its Digital CoLab . | 2 | |
11/14/2022 | Partner | ||||
11/1/2022 | Client |
Date | 12/20/2022 | 11/15/2022 | 11/14/2022 | 11/14/2022 | 11/1/2022 |
---|---|---|---|---|---|
Type | Partner | Partner | Partner | Partner | Client |
Business Partner | |||||
Country | United States | United States | United States | ||
News Snippet | Health systems are 'all chasing the same staff' to fill roles, UHS CEO says We hear from Marc Miller , president and CEO of Universal Health Services , as he discusses the health system 's recent partnership with General Catalyst and its push to increase access to behavioral healthcare . | General Catalyst names 10 additional health systems as partners General Catalyst and Banner `` are both betting as partners that we 're going to find opportunities where it makes sense to invest together , '' Nordlund said . | General Catalyst adds UC Davis Health to list of health system partners This partnership is the latest initiative from UC Davis Health to advance digital medicine through its Digital CoLab . | ||
Sources | 1 | 1 | 2 |
General Catalyst Service Providers
2 Service Providers
General Catalyst has 2 service provider relationships
Service Provider | Associated Rounds | Provider Type | Service Type |
---|---|---|---|
Counsel | General Counsel | ||
Service Provider | ||
---|---|---|
Associated Rounds | ||
Provider Type | Counsel | |
Service Type | General Counsel |
Partnership data by VentureSource
General Catalyst Team
28 Team Members
General Catalyst has 28 team members, including current Founder, Managing Director, Joel E. Cutler.
Name | Work History | Title | Status |
---|---|---|---|
Joel E. Cutler | Founder, Managing Director | Current | |
Name | Joel E. Cutler | ||||
---|---|---|---|---|---|
Work History | |||||
Title | Founder, Managing Director | ||||
Status | Current |
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