Global venture capital firm Sequoia Capital has raised approximately USD 10 billion in new funds while restructuring its global operations to focus on selective investments and stronger startup support. The firm is closing its London office, discontinuing its Arc accelerator and Scouts programmes, and merging its early-stage and growth investment teams. Sequoia will continue supporting European founders from its San Francisco Bay Area headquarters and plans to focus on emerging sectors including AI, space, biology and reindustrialisation.
