General Catalyst Raises $500M for Fund VI

General Catalyst Partners has raised $500 million for a sixth venture capital fund, according to a securities filing.

The Cambridge, Mass.-based firm, which makes venture and growth equity investments principally in digital media, software, and cleantech companies, raised $715 million for its last vehicle, a Fund V plus a supplemental fund, in 2007. Prior to that, it raised $400 million for Fund IV in 2005.

The firm has been an extremely active investor this past year, backing rounds for at least 40 companies, according to Thomson Reuters. Investments include a number of high-profile startups, such as lodging site Airbnb and Jumptap, a mobile advertising network. Its most recent investments include rounds for Stion, a San Jose-based maker of thin-film solar panels, and Plum District, operator of a daily deals site for moms.

General Catalyst has also logged several recent exits and has a number of portfolio companies in registration to go public. ScanScout, a provider of streaming ad placement tools, sold to Tremor Media last year in a deal reportedly valued at upwards of $65 million. Real Imaging Technologies, a provider of threat detection services, sold to SAIC in August 2010 for an undisclosed sum., a Shanghai-based online video site, went public in August. Other portfolio companies acquired in the past couple of years include Roost, Hunch, and Mindless Dribble, according to Thomson Reuters.

Currently, at least three General Catalyst portfolio companies are in registration to go public: Mascoma, a developer of technology for producing cellulosic ethanol, Demandware, a provider of e-commerce software, and Brightcove, a provider of Internet television services.

Managing directors listed in the filing include David Fialkow, Bill Fitzgerald, Joel Cutler, David Orfao, John Simon, Larry Bohn, Hemant Taneja, Neil Sequeira and Jonathan Teo. George Bell, a managing director at General Catalyst who is currently on leave, serving as CEO of Jumptap, is not listed in the filing.

A spokesperson for the firm could not be reached for comment.

The filing lists Lake Forest, Ill.-based Shannon Advisors as a placement agent. The firm paid $479,000 in sales commissions, according to the filing.