Sequoia Capital To Invest $3.4B In US And China

Sequoia Capital, a venture capital firm, has raised $3.4 billion for investments in the U.S. and China, according to the information on their Form D filing with the U.S. Securities and Exchange Commission.

What Happened

The California-based company filed the Form D with SEC on Tuesday, providing details about their recent fundraising and investment plans. The paperwork shows the company has raised around $2.4 billion for investments in Chinese startups and another $1 billion for later-stage U.S. companies. 

$1.8 billion was raised for Sequoia Capital China Growth Fund V and about around $550 million for Sequoia Capital China Venture Fund VII. The company has closed $998.5 million for Sequoia Capital U.S. Growth Fund VIII, L.P.

Why It Matters

The venture capital company earlier invested in a long list of high-profile companies both in the U.S. and China. This includes US-based companies, such as Amazon.com Inc AMZN, Alphabet's Google GOOGL, Dropbox Inc DBX, Facebook's FB WhatsApp and Instagram, and Chinese firms like Alibaba Group Holdings Ltd BABA, Ant Financial, JD.com Inc JD, ByteDance.