Venture capital (VC) operation General Catalyst has reportedly raised almost $6 billion for technology startups. The company, which has invested in Stripe, Snap and Mistral, could close its newest fund as soon as May, the Financial Times reported Sunday (April 28), citing sources familiar with the matter who say the funds...
Global mobility and urban services platform inDrive’s financing arrangement with General Catalyst has been expanded to $300 million. The company has secured an additional $150 million from General Catalyst, which joins the initial $150 million it secured in 2023, inDrive said in a Thursday (March 14) press release. InDrive will use...
TravelPerk, a business travel management platform, has closed an additional $104 million investment led by SoftBank Vision Fund 2. This funding will be used to drive the continued growth and product expansion of TravelPerk, as well as accelerating gross profit through automation and artificial intelligence...
Artificial intelligence (AI) is reportedly gaining traction in the healthcare industry, with venture firms investing in startups that leverage AI to revolutionize patient care, drug discovery and clinical note-taking. One such firm, Andreessen Horowitz, has been actively backing startups focused on improving medical care through AI...
April 07, 2023
In a challenging macroeconomic market that has led to a sharpened focus on belt-tightening, FinTech firms are under mounting pressure from investors to pivot from growth to profitability. It’s a shift in strategy justified by some investors as a way to win back increasingly cautious investors. But Zeynep Yavuz, FinTech partner at early-stage venture capital […]
September 20, 2019
Today in the payments news roundup, Wells Fargo is collaborating with data platform Plaid to let customers manage their finances in one place through an application programming interface (API). Also,...
September 19, 2024
Transportation industry payments solution provider AtoB has raised $130 million in equity and debt funding. The Series C round was led by General Catalyst and Bloomberg Beta with participation from Mastercard and trucking and logistics industry players, the company said in a Thursday (Sept. 19) news release. “Trucking is one of the largest occupations in the US, with small and medium-sized trucking businesses […]
April 28, 2024
Venture capital (VC) operation General Catalyst has reportedly raised almost $6 billion for technology startups. The company, which has invested in Stripe, Snap and Mistral, could close its newest fund as soon as May, the Financial...
March 14, 2024
Global mobility and urban services platform inDrive’s financing arrangement with General Catalyst has been expanded to $300 million. The company has secured an additional $150 million from General Catalyst, which joins the initial $150...
January 23, 2024
TravelPerk, a business travel management platform, has closed an additional $104 million investment led by SoftBank Vision Fund 2. This funding will be used to drive the continued growth and...
