Sequoia China Seed Fund completes $480 million new fund raising

ChainCatcher news, Sequoia China Seed Fund announced that its third seed fund has completed fundraising of $480 million last year. Currently, Sequoia's seed management scale is nearly 15 billion RMB, making it one of the largest early-stage funds in the country, and it is the third dollar fund raised by Sequoia China in the past five years since it was separately listed in 2018.

According to reports, Sequoia Seed primarily targets startups from seed to Series A rounds. In recent years, Sequoia Seed has focused on sectors with technology-driven, structural innovation, and high growth attributes, including new energy and "dual carbon," the EV industry chain, innovative medical technology, synthetic biology, fintech, basic software, robotics, design and content platforms, efficiency tools, and new consumption. It has also begun to pay attention to and start investing in early-stage companies in the AIGC field. (source link)