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General Catalyst Doubles Down On Healthcare With $600 Million New Fund Share to Facebook General Catalyst With the pandemic thrusting healthcare technology companies into the forefront over the past year, one of venture capital’s largest firms is launching a large fund to invest even more in innovation in the red-hot sector. General Catalyst has raised $600 million for a new Health Assurance Fund, the firm says, its first vertical-focused vehicle and one that looks to build on recent success like Livongo, the diabetes monitoring company that was acquired by Teladoc in a $18.5 billion deal that closed last October.  Led by Hemant Taneja, now the firm’s sole managing partner, the new health-focused fund will invest in early-stage and growth-stage healthcare businesses while providing upside to hospital systems and healthcare providers who have joined as limited partners in the fund. (General Catalyst declined to name those investors, but one hospital system with which it’s

City ofUnited kingdomHemant tanejaGlen tullmanRobin washingtonChris bischoffJennifer schneiderMargo georgiadisRobert nelsenHealth assurance fundJefferson healthGeneral catalystPhiladelphia based jefferson healthMidas listJoining tanejaArch venture partners