According to a few regulatory filings, Sequoia Capital recently raised five new funds for other ventures. Two new China funds were closed at US$370 million. A total of US$227 million from new funds for Israel was also closed down. One fund for the United States amounting to US$474.5 million was also closed by Sequoia Capital, according Dow Jones.
Sequoia's recent disclosures appear to be in line with the National Venture Capital Association President Mark Heeson's comment on the NVCA report Wednesday,""After a decade of VCs kicking the tires abroad, global investing remains the strategy of fewer firms that have the resources and wherewithal to successfully manage an international portfolio." Heeson further adds, ""Although we remain challenged here in the U.S. from a political and capital markets perspective, our issues are familiar and addressable - and optimism is expected to increase throughout the year."
As of the moment, Sequoia Capital has not volunteered any other information regarding the said raised funds and the new investments. Except for the growth fund amounting to US$950 million raised late of last year, the combined funds are noted to be the first one raised after the firm's Managing Partner, Michael Moritz, stepped down from his position in 2012. Although Moritz has resigned his post for a medical condition, he remains involved as Sequoia Capital's Chairman.
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