so far Common catalyst Better known as an American VC that is sometimes forged in European territory. But today changes with that news Chris BischoffA veteran London investor, joined as Managing Director of its new London office.
Bischoff brings with him an extensive track record of investments across the US and Europe, participating in fund raising for Avito, Babylon, Betterment, Cedar, VillageMD, Livongo and CityBlock Health. He joins the role of Senior Investment Director in the Enterprise and Development Fund Kinwick AB Where he led several investments, most notably in the healthcare sector, but also participated in deals with General Catalyst at companies such as Livongo (now Teladoc, NYSE: TDOC) and CityBlock.
In a statement, Bischoff said: “I have admired and greatly admired GC for many years and successfully partnered with the team on several occasions. I am strongly involved with their purpose, approach and culture, so it is a natural move. “
General Catalyst is no stranger to Europe, having recently invested in British used car startup Cashew, Fintech as a service company Rapid, and Collective as an online back office platform. It is also an investor in Bloom & Wild, and recently led $ 44M Series B funding at Multiverse, founded by Euan Blair (the elder son of former UK Prime Minister Tony Blair). It is also a long-time investor in food delivery startup Deliveroo.
Last year it Has been secured Three funds include $ 2.3 billion in capital commitments: $ 600 million for early-stage funds, $ 1 million in annual revenue for companies with $ 10-plus growth funds, and more than $ 100 million for returning large companies The $ 700 million is an “endurance fund”. Sale.
Hemant Taneja, managing partner of General Catalyst, said in a statement, “Invested with Chris and worked with Chris as a fellow director, I already know that with the ability to improve the lives of many people Shares our commitment to support and build sustainable companies. . “
Bischoff will join the firm’s bench of health care investors, including Livongo, CityBlock, Oscar, Color and RO Health among others.
The General Catalyst intensified his interest in European and Israeli tech companies when managing director Adam Wallkin joined Excel Partners in London, bringing many European lovers with him.
Valkin and Bischoff will run deals in Europe and Israel, and no doubt more efficiently, now that GC has Bischoff with his feet under a desk in London, even though there will be a home office desk for the time.
Vulkin said: “Europe and Israel have become disparate centers of global scale for innovation, and Chris’ on-the-ground here is a huge asset to our firm. I have known Chris for many years and observed his talent as an investor, his excellent portfolio and his reputation as a trusted partner to significantly ambitious founders. “
At Excel, Welkin led investments in Gockardales, Flywire and Spotify, and then joined General Catalyst in 2013 to build the New York office.
In an interview, he told me: “In 2015 GC started looking into Europe in a more serious way … perhaps a little more opportunistically at that point. We invested in several European companies such as Brenly in Poland and Fiever in Israel. And then 2016 was like a big year for us, as we led a series of Lemonades in Israel and a Development Round and Deliveroo in the UK. “
He said that GC has decided to get a little more organized about Europe, and has spent too much time with the founders there, gradually accelerating its activity. Therefore, our European journey essentially began five, six years ago. And we have become very active there, both in Europe as well as in Israel. The big question for us was what would it mean to have a team on the field. And we really got to know about Chris five years ago, what we were doing in Europe, and in Europe as a really important growth stage investor. “
Bischoff said: “If you look at what GC has done in Europe, it really is both consumer and enterprise and across the region. I have done a lot of work in healthcare, obviously, a little bit in fintech and consumer which are very large sectors in Europe… it is not narrowly focused in Europe. The intention is to bring a full set of GC’s capabilities to Europe and regions. “