די כינעזיש אַפּאַראַט פון סיקוואָיאַ קאַפּיטאַל וועט כאַפּן $ 9 ביליאָן פֿאַר נייַ געלט (באריכט)

Sequoia Capital’s Chinese subsidiary will reportedly secure $9 billion for four new funds. Those will be distributed towards supporting fintech and cryptocurrency startups in China.

• לויט צו אַ קאַווערידזש by The Information, the venture capital firm’s fundraiser will surpass the company’s initial target of $8 billion. If accomplished, the amount will become the largest capital ever raised by a single VC firm to invest in Chinese enterprises.
• The four funds include a seed one for early-stage investments, a venture fund for mid to late-stage entities, and two funds focused on mature private companies.
• The multi-billion initiative displays an increasing consumers demand for tech investments in China, despite the significant decline of the cryptocurrency market and the total ban of all digital asset operations in the country.
• Sequoia Capital is known for financially backing multiple cryptocurrency organizations in the recent past. Earlier this year, the VC firm געפירט a $450 million financing round for the Ethereum layer 2 scaling solution Polygon.
• באַלד נאָך, עס מודיע a new sub-fund of $500-$600 million that will focus on investing in digital assets.
• Last month, Sequoia Capital לאָנטשט two additional funds – one for $2 billion and another for $850 million. The main focus of the initiatives is the Web3 ecosystem, as well as a further commitment to the Indian and Southeast Asian markets.