EU-Startups· Rahul Raj·· 1 hours agoTop DealsAI Score72
Sequoia Capital raises about €8.9B in new funds and closes its London office
Sequoia Capital raises around €8.9 billion in new funds and closes London office; most local partners opt to stay in Europe
AI Overview
Sequoia Capital has raised €8.89 billion ($10 billion) in new funds and is closing its London office.
Why it matters
Sequoia's retreat from a physical European presence, following a16z's exit, shows how top US VCs are consolidating around Bay Area dealmaking while local partners stay behind.
Source:EU-Startups · eu-startups.com