VC mega funds are back with General Catalyst, Spark rumored to be raising billions

In Brief

Following quality past period that New York’s hottest task firm, Thrive, conscionable raised $10 cardinal for a caller money — its largest ever, treble the erstwhile 1 — different big-name VC steadfast is attempting to adjacent that raise. General Catalyst is successful talks to rise $10 billion, unnamed sources tell Bloomberg. This firm, which has recast itself arsenic a broader fiscal services company, raised $8 cardinal conscionable a mates of years agone successful 2024.

Meanwhile, Spark Capital is trying to rise $3 billion, sources archer The Information, which would besides beryllium a large boost from its erstwhile funds. And, arsenic TechCrunch conscionable exclusively reported, Founders Fund is astir to adjacent a caller $6 cardinal fund, too.

All of this follows Andreessen Horowitz’s $15 cardinal successful caller backing announced successful January.

Venture firms were already sitting connected a grounds magnitude of alleged adust powder, meaning wealth disposable but not yet invested, astatine the extremity of 2025, according to the year-end study by PitchBook and the National Venture Capital Association. But 2026 is already shaping up arsenic a twelvemonth of bigger and more, astatine slightest for task firms with sanction designation and enviable portfolios.

The evident prediction is that VCs person plentifulness of wealth to support fueling seed-stage AI startups with huge archetypal rounds and valuations. Record-breaking backing rounds for startups (as agelong arsenic they are AI) volition apt proceed to beryllium the caller mean for 2026.

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