Sequoia Capital raises $318m for four China-focused funds

Sequoia Capital raises $318m for four China-focused funds

Chinese Yuan notes. Photo: Reuters

Sequoia Capital China, widely touted as a bellwether for Chinese tech investment, has made another close of its four China-focused funds, raising a combined $317.9 million in commitments, according to its latest filings.

The Chinese arm of Silicon Valley venture capitalist Sequoia Capital said it has made another close of its four funds, namely Sequoia Capital China Venture VII Principals Fund, Sequoia Capital China Growth Partners Fund V, Sequoia Capital China Venture Partners Fund VII, and Sequoia Capital China Growth V Principals Fund.

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