<article>Silicon Valley venture capital giant Sequoia Capital is in the early stages of raising $5 billion to $6 billion for a third global growth fund, Recode reported.</article>

Silicon Valley venture capital giant Sequoia Capital is in the early stages of raising $5 billion to $6 billion for a third global growth fund, Recode reported.
The venture capital firm is looking to raise more money in the wake of disruption from SoftBank&#8217;s $100 billion vision fund, Recode added.
Reuters had earlier reported that Sequoia&#8217;s China arm was looking to raise $1.5 billion or more for a yuan-denominated fund.
Sequoia&#8217;s previous fund in the series had invested in companies like Airbnb, Stripe and Toutiao.
Sequoia Capital did not comment on the report.
Reuters

Silicon Valley venture capital giant Sequoia Capital is in the early stages of raising $5 billion to $6 billion for a third global growth fund.

Sequoia Capital said to be raising up to $6b for new global fund

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief

Sequoia Capital said to be raising up to $6b for new global fund

Start your deal-making journey now!

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief