General Catalyst Partners is reportedly raising a boatload of money to continue its investments in technology companies, and online travel remains a keen focus.
Bloomberg reports that General Catalyst is building a $650 million kitty to invest in technology companies and some $450 million of that bundle would focus on “consumer Internet, social media and technology businesses” for its General Catalyst Group VI LP Fund.
Among its numerous investments, General Catalyst was a key player, along with Battery Ventures, in ITA Software’s $105 million funding round in early 2006, and Joel Cutler, co-founder and a managing director of General Catalyst, has been a Kayak board member since 2004.
Read full story at: http://www.tnooz.com/2011/12/02/tlabs/general-catalyst-still-looking-for-big-ideas-in-travel/