Sequoia Capital prepares to raise $1bn string of new funds


Influential Silicon Valley venture firm Sequoia Capital is raising $1bn across several new funds, including a specialist China vehicle.

The firm, which was an early backer of online giants Yahoo and Google, hopes to increase its attention on China with at least one specialist venture fund, according to reports.

Other funds will include a regular venture vehicle, with expected fund sizes expected to be up to $400m each.

Sequoia’s last fund, Sequoia Capital 2010, was a single $1.3bn vehicle targeting China growth and early-stage investments, as well as US early-stage deals.

Earlier this month the ever-busy firm joined with Accel Partners to make their largest  co-investment through a $70m funding deal for research company Qualtrics.

And days earlier its Indian arm made an $19m investment in Moolchand Healthcare to help finance the Delhi-based hospital operator’s plan to buy existing hospitals and develop new greenfield ones.

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