
Sequoia China Raises $9B in Funding amid Country’s Roiling Tech Space
Despite the government regulatory crackdowns, Sequoia China says the funding will support tech companies across all stages in the country.
Despite the government regulatory crackdowns, Sequoia China says the funding will support tech companies across all stages in the country.
The move by Changpeng Zhao and the Binance exchange to fund Elon Musk’s visions for Twitter is a very ambitious one.
As a MENA native fund, Cypher Capital believes it has a big role to play in helping to build the blockchain and digital currency ecosystem within the region.
Sequoia recently unveiled three new sub-funds under the Sequoia Capital Fund. The company stated that the newly-introduced funds would rely on capital committed by its limited partners.
Sequoia Capital’s European wing will be closely working with its Melo Park headquarters in the US. Sequoia partner Matt Miller said that the company will establish a network of scouting investors in Europe to hunt for the next $100-billion in the continent.
Anonymous sources have confirmed that Robinhood is planning to go public during the first quarter of the coming year. But it is not a final decision.
The Open DeFi Alliance supported by the Shanghai Science and Technology Committee seen new members with some of the top DeFi protocols forming a consortium that focuses on innovation, risk management, and liquid strategies.
Snowflake anticipates raising funds through an IPO later this year. Some of the main venture-capital backers that support Snowflake include Sutter Hill Ventures, Sequoia Capital, Redpoint Ventures, Iconiq and Wing Venture Capital.
SoftBank decided to invest in the sector using its own assets through the replacement to the $100 billion Vision Fund as it is trying hard to draw the attention of potential investors.
Xpeng Motors is said to be going to raise over $300 million in new funding, ahead of its U.S. IPO listing.