The Information cited insiders saying that Sequoia Capital’s Chinese division plans to raise $9 billion for four new funds. According to the newspaper, the figure exceeds the company’s initial objective of more than $8 billion. If true, it would represent the largest sum of money a single venture capital firm has raised to finance investments in Chinese startups. The total sum might be the largest money ever collected by a single venture capital organization to invest in Chinese technology businesses. Currently, the VC firm’s portfolio includes unicorns such as Gojek, Tokopedia, Traveloka, and Kopi Kenangan. According to another report, the four new investment vehicles are: A venture fund for mid-to-late-stage companies. A seed fund for early-stage investments Two funds for mature private firms. Sequoia Capital’s Chinese affiliate is about to close $9 billion in fresh capital for four new funds. Sequoia China has invested in Bitmain, Huobi, Conflux Babel, etc. https://t.co/ybYqww8iFY — Wu Blockchain (@WuBlockchain) July 5, 2022 Sequoia’s Courageous Position The announcement was made less than a month after Sequoia revealed that it would raise US$2.9 billion for venture capital investments in Southeast Asia and India, of which US$850 million would be allocated to the region. The action shows Sequoia’s courageous position in the face of a supposedly global “funding winter” for Internet entrepreneurs. “Global venture investment f...
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