Big VC funds are back with General Catalyst, and Spark is rumored to be raising billions

After last month’s news that New York’s most exciting venture firm, Thrivejust raised $10 billion for a new fund — the largest ever, double the previous one — and another big venture capital firm is trying to match that increase. General Catalyst is in talks to raise $10 billion, according to unnamed sources He told Bloomberg. This company, which has recast itself as a broader financial services company, raised $8 billion just two years ago in 2024.

Meanwhile, Spark Capital is trying to raise $3 billion, sources say Informationwhich would also be a significant boost from her previous funds. As TechCrunch exclusively reported, Founders Fund is about to close a new $6 billion fundalso.

It all follows Andreessen Horowitz $15 billion in new financing Announced in January.

Investment companies were already sitting down Standard amount of dry powderThat is, money that is available but not yet invested, at the end of 2025, according to a year-end report from PitchBook and the National Venture Capital Association. But 2026 is already looking like an even bigger year, at least for investment firms with well-known names and enviable portfolios.

The obvious expectation is that venture capital firms have plenty of money to keep fueling them AI startups at seed stage with Huge seed rounds And evaluations. Record financing rounds Startups (as long as they are AI-based) will likely remain the new normal in 2026.