Sequoia Capital China Expects To Raise $1.5 Billion In Two Investment Funds
Published: Mar 24, 2016
Sequoia Capital China is hoping to raise another $1.45 billion in two investment funds, which are supposed to close in early April. The company expects to bring in $500-$550 million for Sequoia China Venture Fund VI LP and $850-$900 million for Sequoia China Growth Fund IV LP, according to Bloomberg. The funds will support China technology companies in many fields, including life science. If Sequoia meets its targets, the two funds would constitute Sequoia's largest China fundraising so far. It has been active in China since 2005.