<article>Silicon Valley-headquartered venture firm <a href="https://www.dealstreetasia.com/?s=Sequoia Capital" target="_blank" rel="noopener">Sequoia Capital</a>, which has backed some of China&#8217;s biggest internet giants, is raising four more China-focused funds, according to filings with the US Securities and Exchange Commission (SEC).</article>

Silicon Valley-headquartered venture firm <a href="https://www.dealstreetasia.com/?s=Sequoia Capital" target="_blank" rel="noopener">Sequoia Capital</a>, which has backed some of China&#8217;s biggest internet giants, is raising four more China-focused funds, according to filings with the US Securities and Exchange Commission (SEC).
The four new funds are Sequoia Capital China Growth V Principals Fund, Sequoia Capital China Growth Partners Fund V, Sequoia Capital China Venture Partners Fund VII, and Sequoia Capital China Venture VII Principals Fund, according to separate filings dated January 30, 2019.
No target amount for the funds was, however, disclosed.
Sequoia Capital China Growth V Principals Fund&#8217;s predecessor fund, Sequoia Capital China Growth IV Principals Fund, was raised about three years ago in February 2016. Sequoia Capital China Growth Partners Fund V&#8217;s predecessor, too, was raised in the same month. However, the size of these two funds was not reported.
Sequoia Capital China Venture VI Principals Fund, however, raised $50.2 million from 86 investors, according to an October 2017 filing with SEC. The fund was also launched in February 2016.
Sequoia also raised $625 million from 105 LPs for Sequoia Capital China Growth Fund III, according to a 2015 regulatory filing. A previous regulatory document shows Sequoia Capital China Venture Fund IV collected $349.5 million in 2013.
Launched in 2005 by Neil Shen, Sequoia Capital China is one of the most prolific startup investors, having backed some of the world&#8217;s most valuable startups including Meituan, Bytendance, and Didi Chuxing. According to CrunchBase data, Sequoia Capital China has raised about 31 funds and $3 billion in disclosed capital till date. The firm has made a total of 361 investments in the country and led funding for 191 of them.
Last year, Sequoia had announced a swathe of new venture capital and growth investment funds focused on the US, China and India as it seeks to compete with sovereign wealth funds and Japanese conglomerate SoftBank.
In December, DEALSTREETASIA reported that Sequoia Capital is looking to raise a seed fund focused on Chinese investments, although the fund size was not specified.
It is teaming up with a state-owned venture capital fund and e-commerce powerhouse JD.com to raise up to 40 billion yuan ($5.81 billion) for a new investment firm to focus on late-stage tech investments, Reuters reported in August last year. The firm is also close to raising 15 billion yuan for its fifth yuan-denominated China-focused fund, the largest of its kind, while parent Sequoia Capital is raising an $8-billion global fund in its largest-ever fundraising.
Last year, Sequoia reportedly raised a total of $2.5 billion across its three new China vehicles &#8212; China Growth Fund V ($1.8 billion), China Venture Fund VII ($550 million), and China Seed Fund ($150 million). In August, Sequoia announced the close of its sixth fund at $695 million to target early and growth stage investments across India and Southeast Asia (SEA).
Sequoia, which has made over 200 investments so far in India and Southeast Asia, was an early investor in some of Southeast Asia&#8217;s unicorns including Indonesia&#8217;s Go-Jek, Tokopedia and Traveloka. It is also an investor in other regional startups such as One Championship, Appier and Carousell.
Also Read:
<a href="https://www.dealstreetasia.com/stories/sequoia-china-new-fund-104721/">Sequoia China to raise $6b new fund with state-owned VC, JD.com</a>
<a href="https://www.dealstreetasia.com/stories/redpoint-ventures-seeks-to-raise-400m-across-two-china-funds-118199/">Redpoint Ventures seeks to raise $400m across two China funds</a>
<a href="https://www.dealstreetasia.com/stories/lightspeed-venture-china-115967/">Lightspeed Venture Partners secures $560m for its largest China fund</a>

According to CrunchBase data, Sequoia Capital China has raised about 31 funds and $3 billion in disclosed capital till date.

Sequoia Capital seeking capital for four new China-focused funds

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief

Sequoia Capital seeking capital for four new China-focused funds

Start your deal-making journey now!

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief