Sequoia Capital’s $1 Billion Raise Is Very Much About Going Global

Sequoia Capital is indeed in the process of raising a total of some $1 billion for a series of several new venture funds, we've confirmed with sources close to the situation. The new raise is currently underway, and its structure as of now underlines the storied Silicon Valley-based venture capital firm's increasing focus on having a global footprint. Legendary venture capitalist Michael Moritz may be stepping back from day-to-day operations at Sequoia, but one of the things he's been most proud of over the years is making Sequoia a global firm -- so this is just the latest evidence of his continuing impact there.

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