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Sequoia Capital raises more than $1bn across three funds

16 Aug 2013

dollar_money_bag_170sqVenture capital firm Sequoia Capital has raised more than $1bn across three vehicles targeting the US as well as China and Israel.

US Venture Partners Fund XIV has received commitments of $474.5m, documents filed with the US Securities and Exchange Commission showed.

The firm’s fourth China-focused venture fund has tapped investors for $349.5m. It also has a parallel vehicle, which has received $20.5m.

Finally, Israel Venture Fund V has raised $215.5m and $11.9m via a parallel vehicle.

Sequoia did not specify whether the amounts raised by the parallel vehicles were included for the fundraising totals for the main funds.

In December 2012 the firm revealed that it had gathered $700m for its latest global growth vehicle, bringing its fundraising total for the year to more than $2.5bn.

Earlier this year Sequoia-backed Indian search engine Just Dial was floated via an IPO, which was oversubscribed.

Other recent deals included an investment in Tzinga energy drink maker Hector Beverages .

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