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

Mega Funds Return General Catalyst Spark Raise Billions

Big venture firms are raising massive new funds as AI investments boom in 2026.

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Topic: Venture capital firms raising billions. Several big VC firms are raising or have raised billions of dollars in new funds. General Catalyst and Spark Capital are raising billions, following Andreessen Horowitz’s $15 billion fund and Founders Fund’s $6 billion fund. VCs already had record amounts of money to invest, and AI startups are getting huge funding rounds.

Mega Funds Back in Action

After Thrive Capital raised $10 billion, General Catalyst wants the same amount. They want $10 billion now after raising $8 billion just two years ago in 2024. Spark Capital is raising $3 billion, which is more than before. Founders Fund will soon close a $6 billion fund, and Andreessen Horowitz already raised $15 billion in January.

More Money Ready to Invest

Venture firms had record amounts of money waiting to be invested at the end of 2025. This is called dry powder. This year, 2026, is seeing even bigger funds from well-known firms. These firms have famous name recognition and portfolios many people want to copy.

AI Startups Keep Getting Big Money

People think VCs will keep giving huge amounts of money to new AI companies. These seed-stage companies are getting big rounds of funding and high valuations. Record-breaking funding for AI startups will likely be normal this year.

Image Credits and Reference: https://techcrunch.com/2026/03/11/vc-mega-funds-are-back-with-general-catalyst-spark-rumored-to-be-raising-billions/