Sequoia Capital, a venture capital firm, has raised $3.4 billion for investments in the U.S. and China, according to the information on their Form D filing with the U.S. Securities and Exchange Commission.
The California-based company filed the Form D with SEC on Tuesday, providing details about their recent fundraising and investment plans. The paperwork shows the company has raised around $2.4 billion for investments in Chinese startups and another $1 billion for later-stage U.S. companies.
$1.8 billion was raised for Sequoia Capital China Growth Fund V and about around $550 million for Sequoia Capital China Venture Fund VII. The company has closed $998.5 million for Sequoia Capital U.S. Growth Fund VIII, L.P.
Why It Matters
The venture capital company earlier invested in a long list of high-profile companies both in the U.S. and China. This includes US-based companies, such as Amazon.com Inc (NASDAQ: AMZN), Alphabet's Google (NASDAQ: GOOGL), Dropbox Inc (NASDAQ: DBX), Facebook's (NASDAQ: FB) WhatsApp and Instagram, and Chinese firms like Alibaba Group Holdings Ltd (NYSE: BABA), Ant Financial, JD.com Inc (NASDAQ: JD), ByteDance.
See more from Benzinga
- Fidelity's B Asset Management Chief To Retire In February
- US College Student Sues TikTok For Sending Her Data To China
- China Punishes US For Supporting Hong Kong
© 2019 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.