General Catalyst plans to raise approximately $10 billion to expand its financial services footprint.

CoinFeed reported on March 12th, citing Bloomberg, that venture capital firm General Catalyst is in talks with investors for a new round of funding, targeting approximately $10 billion. Sources say the funds will be allocated across multiple fund vehicles, including its growth fund and early-stage venture capital fund. Negotiations are still in the early stages, and the final fundraising target may be adjusted. The company has recently transformed from a traditional venture capital firm into a broader financial services company.