General Advance

General Advance is a New York-based private investment firm established in 2018, known for its commitment to independent research and fostering long-term partnerships. The firm operates across both public and private markets, deploying capital with a strategic focus on growth equity and late-stage venture capital opportunities. Their investment philosophy emphasizes backing exceptional management teams and entrepreneurs, aiming to support companies through significant growth phases rather than early-stage development.

The firm's investment scope spans several key sectors, including technology, healthcare, consumer, financial services, and industrials. General Advance has built a robust portfolio featuring some of the most prominent and high-growth private companies, such as Instacart, Chime, Databricks, Stripe, and Robinhood. These investments underscore their preference for well-established, often unicorn-status, businesses that are poised for further expansion or nearing public market entry.

General Advance typically participates in substantial funding rounds, reflecting their focus on growth-stage companies. For instance, they were involved in Instacart's $265 million Series H round and Chime's $750 million Series G round, both in 2021. These significant participations indicate that their initial checks are generally substantial, aligning with the capital requirements of mature private enterprises.

While specific minimum and maximum check sizes are not publicly disclosed, their investment strategy suggests typical first checks range from approximately $25 million to $150 million, targeting meaningful stakes in their portfolio companies. This range positions General Advance as a key player in the later-stage private market, providing significant capital to accelerate the growth and market leadership of their portfolio companies. Their approach is characterized by a deep analytical rigor and a patient capital model, seeking to maximize long-term value creation for both their investors and the companies they back.