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Sequoia raises about $10B in new funds, closes London office and ends Arc, Scouts

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Sequoia Capital said in a memo posted to X that it has raised roughly $10 billion in new funds while restructuring the firm. The firm is closing its London office, which Sequoia said means several people will be leaving. Sequoia also said it has removed much of the complexity around the Sequoia Capital Fund, sunset its batch accelerator Arc and its Scouts program, and streamlined its operating and investing teams. The Monday partner meeting cycle is gone as well.

AI-generated from reports · 1 hours agoUpdate

Latest updatesNov 5 01:11
Sequoia raises about $10B in new funds while closing London office and shutting down Arc and Scouts

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Nov 5
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    Sequoia raises about $10B in new funds while closing London office and shutting down Arc and Scouts

    Sequoia Capital said in a memo posted to X that it has raised roughly $10 billion in new funds while closing its London office.

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