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Sequoia Capital raises $2.85bn

The Asia subsidiary of the US fund manager has raised funds focused on the India and Southeast Asia regions.

Fund: Sequoia SEA Fund I, and Sequoia India venture and growth funds
Amount raised: $2.85 billion
Stage of fundraising: 
Final close
Final close date: June 2022

Sequoia Capital has held a final close for Sequoia SEA Fund I on $850 million, and another $2 billion on its India venture and growth funds.

The SEA Fund I will invest in seed, Series A, and growth stage TMT companies in Southeast Asia, including Indonesia.