Sequoia Capital launches new funds to focus on US, China, India

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dollar4_sqVenture capital firm Sequoia Capital has filed to raise three growth funds aimed at China, India and the US.

Sequoia did not say how much it was looking to raise for its China Growth Fund III, India IV and US Growth Fund VI, which have yet to secure their first commitments, according to documents filed with the US Securities and Exchange Commission.

Last month Fortune reported that Sequoia was targeting between $900m and $1bn for its next US fund, while its new China and India focused vehicles each had a target of $500m and $600m.

Sequoia’s previous US growth fund was closed with commitments of $950m in 2011.

Last year the Menlo Park-based firm raised more than $1bn across three vehicles targeting the US as well as China and Israel.

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