sequoia capital
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Sequoia Capital Raises $1.3 Billion for New Startup Investment Fund
According to a Securities and Exchange Commission filing released yesterday, the investment firm Sequoia Capital has raised at least $1.3 billion for a new fund.
The filing was uncovered in a story by Fortune, which points to a memo from the University of Michigan Regents, a longtime investor with Sequoia, to describe the strategy of the new fund. According to that document, the fund will continue the firm's focus on investment in early and growth stage technology companies in the U.S. and expand its investment efforts in those same sorts of early stage companies in China.
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