Sequoia raises about $10B in new funds while closing London office and shutting down Arc and Scouts
Sequoia hits rewind, undoing 20 years of expansion
AI Overview
Sequoia Capital said in a memo posted to X that it has raised roughly $10 billion in new funds while closing its London office.
Why it matters
Sequoia's memo reverses two decades of geographic and program expansion, giving founders and rival firms a concrete read on where venture capital's center of gravity is heading.