General Catalyst Partners is reportedly raising a boatload of money to continue its investments in technology companies, and online travel remains a keen focus.
Bloomberg reports that General Catalyst is building a $650 million kitty to invest in technology companies and some $450 million of that bundle would focus on "consumer Internet, social media and technology businesses" for its General Catalyst Group VI LP Fund.
Among its numerous investments, General Catalyst was a key player, along with Battery Ventures, in ITA Software's $105 million funding round in early 2006, and Joel Cutler, co-founder and a managing director of General Catalyst, has been a Kayak board member since 2004.
General Catalyst won't confirm or deny its new fundraising efforts in the technology sphere, but it has to be seen as a positive development for travel entrepreneurs and startups dabbling in online, mobile and social travel.
The venture capital firm, which also has far-flung travel investments ranging from online hotel site Ostrovok in Russia to online travel agency ViajaNet in Brazil and mobile and social travel app Trover in Seattle, remains committed to finding the next big thing virtually anywhere on the globe.
"Our interest in the online travel space has been genuine since the beginning of this firm and will continue to be so in the future," Cutler tells Tnooz. "And we are always interested in talking to smart people with big ideas in the online travel space."
With so many travel and technology propositions -- from search to mobile and social -- needing work and game-changing solutions, the investment opportunities should be plentiful.