Enterprise capital agency Common Catalyst is discussing plans with buyers to lift round $10 billion in new funding, in response to a report by Bloomberg.
The proposed capital could be allotted throughout a number of funding autos, together with the agency’s early-stage enterprise and progress funds, in response to one of many folks. The discussions are nonetheless within the early phases, and the fundraising goal might change.
Increasing past conventional enterprise capital
Common Catalyst has historically backed expertise startups equivalent to Airbnb and Stripe. Lately, nevertheless, the agency has broadened its technique past standard enterprise investing.
The agency has been positioning itself as a wider monetary platform and has elevated investments throughout sectors, together with synthetic intelligence, defence expertise, healthcare, local weather expertise and monetary providers.
In keeping with Bloomberg, Common Catalyst has additionally moved into different areas of finance, together with investing in different funds and buying funding companies. One instance is its acquisition of La Famiglia.
The VC had greater than $40 billion in property below administration as of final summer season. If accomplished, the brand new fundraising might considerably develop the agency’s capital base and place it among the many largest enterprise companies in the USA.
In 2024, the agency raised round $8 billion, together with $4.5 billion devoted to enterprise capital investments and $3.5 billion for different methods, in response to Bloomberg.
The corporate has additionally experimented with approaches extra generally seen in non-public fairness, together with encouraging its portfolio startups to amass different firms. Underneath the management of investor Hemant Taneja, the agency has backed startups throughout a number of rising expertise sectors.
Current investments embrace firms equivalent to Anduril Industries and synthetic intelligence agency Anthropic.
