VC Fundraising Scorecard: General Catalyst, Excel, OpenView, & More
[Updated 1/5/12] The first week of the new year is a good time to take stock of where venture capital firms are in their fundraising progress. No question that unless you’re a top-tier firm—and even then, in some cases—raising a sizeable new fund has been very challenging.
Back in August, I ran a summary of a few Boston-area VC firms that were in the process of raising new funds. Here’s an expanded update on how said firms are doing. Some of my info might be a tad stale, because VCs are not exactly transparent about their funds in progress. Nevertheless, here’s where things stand to the best of my knowledge. (Let me know if you have any new information, or if I forgot anyone.)
—General Catalyst Partners has raised a $500 million sixth fund, according to a regulatory filing from last week. It’s not immediately clear if this fund is meant for investing in growth-stage deals as well as early-stage companies, or whether there will be a separate growth-stage fund (as was previously reported).