03 June 2017, India:
US-based Sequoia Capital has raised a massive $4 billion funding to further infuse it into various Funds as per the SEC filings released yesterday.
Out of the $4 Billion, $2 Billion will be utilized for the Growth Fund and remaining amount will used in other Funds. Founded in 1972, Sequoia has backed companies that now control $1.4 trillion of the combined stock market value.
In addition to its growth fund, a filing for Sequoia’s China Growth Fund IV, which was launched early last year, showed that the firm had raised $900 million to invest in startups in that market. Another filing for Sequoia Capital India IV, a fund that’s been around since 2014, revealed that the firm had raised about $700 million for that market as per the TechCrunch report.