Sequoia Capital is reinforcing its early-stage investment strategy amid rising AI valuations, announcing two new funds totaling $950 million, a $750 million Series A fund and a $200 million seed fund.
Partner Bogomil Balkansky emphasized that Sequoia’s focus remains on “outlier founders building generational companies,” regardless of market cycles.
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This comes after a turbulent few years marked by the collapse of FTX, the separation of its India and China arms, and a shift to an evergreen fund structure in 2021.
Sequoia, known for early bets on Google, Nvidia, Airbnb, and Stripe, is doubling down on startups in AI and enterprise software, seeking to invest before valuations surge.
The firm’s early investments in Harvey, Clay, n8n, Sierra, and Temporal have yielded massive returns amid the AI boom.
Recent first-check investments include Xbow, Traversal, and Reflection AI, which later secured major funding rounds, with Reflection AI even attracting a $500 million investment from Nvidia.
With its latest funds, Sequoia aims to cement its legacy as the top early-stage backer in Silicon Valley. Inside its renovated office, a handwritten message serves as a reminder to partners:
“We are only as good as our next investment.”
