Sequoia raising new funds for U.S., China, India


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Sequoia Capital has quickly returned to the market with two venture funds focused on growth investments in China and the United States, according to regulatory filings.

Separately, Sequoia Capital India, which is independent of U.S.-based Sequoia, is raising its fourth fund.

The target amount for each fund is listed as “indefinite.” None has raised any capital yet.

News of the fundraising was first reported by Fortune. It reported that Sequoia expects to raise up to $1 billion for the U.S. growth fund, up to $600 million for the China growth fund and up to $600 million for the India fund.

The regulatory filings for the funds are here:

Sequoia Capital, based in Menlo Park, Calif., has previously raised five U.S.-focused growth funds, including a fifth fund totaling $950 million in 2012, according to Thomson Reuters, publisher of peHUB.  The firm also raised $700 million for its Global Growth Fund in 2012.

The growth fund for China appears to be the firm’s first. It has raised four balanced-stage China funds, including $349.50 million for Sequoia Capital China Venture Fund IV in 2012, Thomson Reuters reported.

Sequoia Capital India last raised a core fund in 2007, when it closed on $279 million for its third fund. The firm raised $725 million the following year for Sequoia Capital India Growth Fund II, according to Thomson Reuters.

Photo courtesy of Shutterstock

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