Sources: Sequoia raised ~$7B for a new fund, the first fundraising round under its new leadership; the firm's last expansion fund was a $3.4B vehicle in 2022 (Bloomberg)

Sequoia Capital has raised roughly $7 billion for a new late-stage fund, the largest it has ever created. The fundraising round is the first conducted under the firm’s new leadership, following its previous expansion fund of $3.4 billion launched in 2022. The capital will be used to broaden Sequoia’s investments, particularly in artificial-intelligence ventures.

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