Home Sequoia Capital Raises $1.3 Billion for New Startup Investment Fund

Sequoia Capital Raises $1.3 Billion for New Startup Investment Fund

According to a Securities and Exchange Commission filing released yesterday, the investment firm Sequoia Capital has raised at least $1.3 billion for a new fund.

The filing was uncovered in a story by Fortune, which points to a memo from the University of Michigan Regents, a longtime investor with Sequoia, to describe the strategy of the new fund. According to that document, the fund will continue the firm’s focus on investment in early and growth stage technology companies in the U.S. and expand its investment efforts in those same sorts of early stage companies in China.

Sequoia has been an investor in some of Silicon Valley’s most successful companies – Apple, Cisco, Google, YouTube. Most recently, the firm invested $27.5 million into Square, the mobile payment startup founded by Twitter creator Jack Dorsey.

Sequoia has not formally announced the new fund, which could ultimately be larger than the $1.3 billion in yesterday’s filing. Regardless, it seems like it’s a good time to be an tech entrepreneur in Silicon Valley or China.

About ReadWrite’s Editorial Process

The ReadWrite Editorial policy involves closely monitoring the tech industry for major developments, new product launches, AI breakthroughs, video game releases and other newsworthy events. Editors assign relevant stories to staff writers or freelance contributors with expertise in each particular topic area. Before publication, articles go through a rigorous round of editing for accuracy, clarity, and to ensure adherence to ReadWrite's style guidelines.

Get the biggest tech headlines of the day delivered to your inbox

    By signing up, you agree to our Terms and Privacy Policy. Unsubscribe anytime.

    Tech News

    Explore the latest in tech with our Tech News. We cut through the noise for concise, relevant updates, keeping you informed about the rapidly evolving tech landscape with curated content that separates signal from noise.

    In-Depth Tech Stories

    Explore tech impact in In-Depth Stories. Narrative data journalism offers comprehensive analyses, revealing stories behind data. Understand industry trends for a deeper perspective on tech's intricate relationships with society.

    Expert Reviews

    Empower decisions with Expert Reviews, merging industry expertise and insightful analysis. Delve into tech intricacies, get the best deals, and stay ahead with our trustworthy guide to navigating the ever-changing tech market.