$2 Billion Raised for Global Growth Fund by Sequoia Capital
According to filings received by SEC, View has raised nearly $4 billion in recent times. This money is for 4 funds but 50% of this money is for its own global growth fund. This money totaling $2billion has been earmarked for company’s 2nd global growth fund. Sequoia had not disclosed the size of this fund earlier. In addition, Sequoia has also raised money for its funds operating in countries like China and India.
The global growth fund has been named Sequoia Global Growth Fund II by the company. This fund was announced by the company back in 2015 though there was n statement about its size. More than 100 LP’s had come out in support of this fund from Sequoia.
China growth fund IV
In a filing with the SEC, Sequoia also announced raising of $899.5 million dollars for its fund called Sequoia Capital China Growth Fund IV. Backed by 110 LPs, this fund was announced by the company last year.
India fund grows in size
For India, the company announced its fund called Sequoia Capital India IV. Money raised for this fund totals $694.8 million and it is backed by 85 LPs. This fund has been around for the last 3 years.
US venture fund is still open
Another filing with SEC revealed that Sequoia raised $474.4 million dollars for 14th US Venture Fund. This fund has not grown in size over the years. But the fact that it has not been declared as closed by the company indicates that Sequoia hopes to raise more money for start ups in USA.
There was no official comment from the company on these filings with the SEC. Interestingly; the documents were signed not by Jim Goetz, who is the current manager, but by Doug Leon, the senior partner at Sequoia Capital.