General Catalyst has raised $8 billion in new capital and is earmarking $750 million for healthcare investments, a spokesperson for the firm told Becker's.
The funds are dedicated to investing in healthcare startups in the U.S., Europe and India, the spokesperson said.
General Catalyst's Health Assurance Fund strategy is aimed at investing in and partnering with companies "building a more proactive, affordable, and equitable system of care."
Companies in the firm's Health Assurance Fund include Cityblock Health, Commure, Sprinter Health, Sword Health, Tendo Systems, Overjet, Hippocratic AI, Maven, and FogPharma.
"As a global investment company that seeks to partner with the world’s most ambitious entrepreneurs to drive transformation, resilience, and applied AI, we believe this capital will turbocharge our investment theses across AI, defense and intelligence, climate and energy, industrials, healthcare and fintech," Hemant Taneja, General Catalyst's CEO and managing director, said in an Oct. 24 post on the firm's website.