Sequoia set to invest $1.1B from five new funds

Sequoia Capital, the venture firm founded by Don Valentine, disclosed on Thursday it has raised $1.1 billion to invest in startups in the U.S., China and Israel.

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Cromwell Schubarth: Senior Technology Reporter- Silicon Valley Business Journal; Email | Twitter | Google+

Sequoia Capital disclosed on Thursday that it has closed five new funds with about $1.1 billion in funds to invest in the U.S., China and Israel.
The new funds represent a shift to geographical groupings from the way that Sequoia did things in 2010, when it raised $1.3 billion to invest globally.
Sequoia said it has about $475 million that it will invest in the U.S., about $370 million to invest in China from two funds and $227 million to invest in Israel from two funds.
The disclosures by Sequoia appear to buck a trend highlighted in a report from the National Venture Capital Association and Deloitte on 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," said NVCA President Mark Heeson about that report. "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."
Click here to see Sequoia's SEC filing about U.S. Venture Fund IV.
Click here to see Sequoia's SEC filing about China Venture Fund IV.
Click here to see Sequoia's SEC filing about China Venture Principals Fund IV.
Click here to see Sequoia's SEC filing about Israel Venture Fund V.
Click here to see Sequoia's SEC filing about Israel Venture Principals Fund V.
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Cromwell Schubarth is the Senior Technology Reporter at the Business Journal. His phone number is 408.299.1823.

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