Becker's Healthcare October 24, 2024
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.
Hemant Taneja, General Catalyst’s CEO and managing director, said in an Oct. 24 post on the firm’s website that he has stated for years that the traditional venture capital model “does not best position founders to transform industries.”
“Transformations require ecosystems of companies to work together with uncommon collaboration — so we created the GC Transformation Flywheel to bridge innovators with adopters to achieve scale,” he said in the post. “Core to this model is our Health Assurance Transformation Company, which coalesces 15% of U.S. healthcare operations across hospital system partnerships, aiming to use technology...
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