Sequoia Raises About $10 Billion as It Plans London Office Closure
Photo: TokenPost
Sequoia Capital said Nov. 4 that it had raised about $10 billion in new funds and plans to close its London office, shifting support for European founders to its Bay Area base as it reorganizes its investment teams. The firm said several people will leave in connection with the London closure, but gave no timetable for the move or total number of departing employees. Sequoia said it can continue helping European founders from the Bay Area, adding, “We simply don’t see the need for a local presence.” The announcement describes a change in where that support will come from; it…
Source: TokenPost
