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Sequoia consolidates as it announces roughly $10 billion in new funds

Sequoia is pulling back from the broad structure it built over the past 20 years, consolidating into a smaller firm based in the San Francisco Bay Area. The changes will close programs and offices that were added during its long expansion.

The consolidation coincides with an announcement of roughly $10 billion in new funds. The release does not specify how the new capital will be allocated across Sequoia’s investment strategies or operating areas.

Sources

TechCrunch

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