Crypto Venture Funding Hits Low in Q3 2023
While early-stage crypto companies may still find willing investors, late-stage tech investors have largely exited the space.
Sequoia Capital Navigates Market Challenges with Reduction of Cryptocurrency and Ecosystem Funds
A noteworthy aspect of Sequoia Capital’s approach is the strategic shift towards supporting younger startups, diverting attention from larger companies.
Sequoia Capital Announces Upcoming Split amid Growing Brand Confusion and Other Reasons
The move will help each business to build teams that have an intimate understanding of their local networks and industries.
Alameda Research to Sell Sequoia Interest to Abu Dhabi Sovereign Wealth Fund for $45M in Cash
By Tolu Ajiboye
FTX’s sister trading firm Alameda has agreed to sell its interest in Sequoia Capital to a UAE-based entity.
Sequoia and a16z Make More Investments in Fintech than in Any Other Sector in 2022
By Tolu Ajiboye
Leading VC giants Sequoia & a16z undertook several investments in the fintech space in 2022, more than any other sector.
Temasek Writes Down Its $275M Investment in Bankrupt FTX Exchange
Temasek clarified that its investment in FTX does not imply it has direct exposure to cryptocurrencies.
Sequoia Capital and Binance Will Still Support Elon Musk in His Twitter Acquisition
Sequoia Capital and Binance will proceed with their initial commitment of funding $800 million and $500 million into Musk’s Twitter deal.
Sequoia China Raises $9B in Funding amid Country’s Roiling Tech Space
By Tolu Ajiboye
Despite the government regulatory crackdowns, Sequoia China says the funding will support tech companies across all stages in the country.
Binance and Sequoia Capital amongst Firms Bankrolling Elon Musk’s Twitter Takeover
The move by Changpeng Zhao and the Binance exchange to fund Elon Musk’s visions for Twitter is a very ambitious one.
Cypher Capital Floats $100M Fund to Invest in Blockchain Projects
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 Capital Launches Sequoia Crypto Fund to Invest Up to $600M in Crypto Startups
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.
VC Giant Sequoia Capital Shifts Focus to Europe to Hunt Startup Unicorns
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.
Robinhood Seeks Advisers Ahead of Potential IPO in 2021
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.
Eight New Members Join Global Open DeFi Alliance’s Western Arm
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.
Berkshire Hathaway and Salesforce Purchase $500M Worth of Snowflake Stock at IPO Set Price
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.