Sequoia Capital Raising New China Fund

Sequoia Capital is raising a fourth China-focused venture fund, according to a securities filing.

The fund, Sequoia Capital China Venture Partners Fund IV, was of unspecified size. It comes on the heels of a $1 billion third China fund, which Sequoia closed in 2010, according to Thomson Reuters.

The filing did not specify a fundraising goal for Fund IV or list any limited partners. Sequoia Capital declined to comment.

The only general partner listed on the filing is Nan Peng Shen, who also goes by Neil Shen, and is founding managing partner at Sequoia Capital China. Prior to joining Sequoia, Shen served as President & CFO of Ctrip.com, a leading online travel company in China, and was a co-founder and co-chairman of Home Inns, an economy hotel chain spun off from Ctrip. Other Sequoia Capital China managing directors listed on the firm website include Samantha Du, Enita Pu and Xing Liu.

Sequoia has been an active investor in China as of late. Out of Fund III, it backed rounds for  Dianping.com, an online consumer information and coupon guide, Beijing Chukong Technology, a developer of iOS games and entertainment products, and Snowball Finance, a Beijing-based online stock information provider. The firm has also made investments in IPOs of China-based companies, including tea distributor Tenfu Tea and outdoor gear seller China Outfitters.

Recent exits of China-based investments include VipShop, operator of a flash sale website that went public in March, and 56.com, an online video sharing website acquired by RenRen.

Image Credit: Sequoia Capital

Leave a Reply

PEHUB Community

Join the 12505 members of peHUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Look Who’s Tweeting

PE HUB News Briefs

RSS Feed Widget

VCJ Headlines (subscribers only)

RSS Feed Widget

Buyouts Headlines (subscribers only)

RSS Feed Widget

Reuters VC and PE feed

RSS Feed Widget