Sequoia 500m 900m950m ecosystem fund expansion

The Sequoia Crypto Fund will primarily invest in “liquid tokens” — tokens that are already listed on crypto exchanges and those that are yet to be listed — Shaun Maguire, partner at Sequoia Capital, told The Block in an interview.

The fund’s size is $500-600 million, and it is part of the bigger Sequoia Capital Fund, which was formed last October as part of the VC firm’s restructuring. The Sequoia Capital Fund now holds all of the firm’s US and European investments, including stakes in publicly-traded companies.

In addition to the crypto sub-fund, Sequoia will also continue to invest in crypto startups out of its main seed, venture, growth, and expansion funds that have over $7.5 billion in total capital commitments.

Sequoia is becoming more active

Sequoia has been investing in crypto since 2015 in both equity and token deals.

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About Sequoia Capital Global Equities

Sequoia Capital Global Equities (SCGE) is a public/private crossover fund, with investments spanning from late-stage private companies to public companies. SCGE was founded in 2009 to expand Sequoia Capital’s technology investing efforts into the public markets and operates independently as a separate investment advisor under the Sequoia brand.
SCGE’s private portfolio includes emerging leaders in the United States, Brazil, China, India, Israel, Japan, and South Korea.

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Sequoia 500m 900m950m ecosystem fund expansion-

Maguire said many founders have increasingly asked Sequoia to take a more active role in managing its tokens. “This new fund gives us the flexibility to engage even more deeply,” he said.

That means instead of just investing in and holding tokens, Sequoia will now start staking them, provide liquidity, participate in governance and trade them. “Our network of builders at Ethereum, Solana, major DeFi protocols, and beyond have urged us to do the same,” said Sequoia.

‘Day one for crypto’

Sequoia as a firm believes that crypto is more than a sector; it’s a fundamental shift that will impact all sectors over the long run.

Michelle Bailhe, another crypto-focused partner at Sequoia, told The Block in the interview that “it’s day one for crypto,” meaning crypto is still getting started and going to get only bigger from here.

Maguire concurred.

Sequoia 500m 900m950m ecosystem fund expansions

NEW YORK and BRUSSELS, Nov. 9, 2021 /PRNewswire/ — Collibra, the Data Intelligence company, today announced that it has raised $250 million in Series G funding. Sequoia Capital Global Equities (SCGE) and Sofina led the round, along with participation from new investor Tiger Global Management and existing investors Battery Ventures, CapitalG, Dawn Capital, Durable Capital Partners LP, ICONIQ Capital and Index Ventures.

The funding values Collibra at $5.25 billion, more than doubling the company’s valuation of $2.35 billion announced in April 2020.

Collibra has experienced rapid growth and customer traction, accelerating international expansion across key verticals including financial services, government, manufacturing and healthcare internationally helping to drive record performance in 2021.

Venture Capital said in an announcement. “We remain committed to working collaboratively with the crypto community, including providing ongoing support for open-source research. We will also continue to partner with crypto teams across every stage of their journey out of our seed, venture, growth, and expansion funds.”

According to a Bloomberg report, citing Shaun Maguire, a partner at Sequoia Capital, crypto is believed to be a technology that will form a “megatrend over the next 20 years” additionally calling it “the future of money.”

Founded in 1972 by Donald T Valentine, Sequoia Capital has always put its money where its mouth is and the firm has a number of sizable stakes in digital currency-based firms.

California-based venture capital firm, Sequoia Capital, is doubling down on its bullish stance in the digital currency ecosystem with the launch of a $500 to $600 million investment dubbed the Sequoia Capital Fund.

As detailed by the company, the establishment of the fund is aimed at becoming an active participant in the key decentralized and open-source protocols that it backs.

According to the company, its major partners in the crypto ecosystem have often asked it to do more than just invest in the space and evolve into either a liquidity provider of any of such related activities that sustains a blockchain-backed project.

He said, “we’re still in the absolute beginning. Crypto will be the biggest megatrend in the next 20 to 30 years.”

As for its crypto investment thesis, Sequoia is particularly interested in cross-chain interoperability and GameFi projects, said Maguire, adding that multi-chain is the future.

For interest in specific blockchain protocols, Bailhe said Sequoia is monitoring developer activity across networks, including Terra, Avalanche, NEAR, Polkadot and Cosmos, but there still isn’t a clear signal yet which network could witness success like Solana.

The Sequoia Crypto Fund will have the flexibility to invest in projects, but its check sizes could range in the $100,000 to $50 million range, said Maguire.

The fund looks to get fully deployed in under a year if the crypto market enters a bear phase and in more than a year if it enters a bull phase, said Maguire.

California-based venture capital firm Sequoia Capital is doubling down on its bullish stance in the digital currency ecosystem with the launch of a $500-600 million investment dubbed Sequoia Capital Fund.

As detailed by the company, the creation of the fund aims to become an active participant in the major decentralized and open-source protocols it supports.

According to the company, it has often been asked by its major partners in the crypto ecosystem to do more than just invest in the space and become either a liquidity provider of one of these related businesses that supports a block chain-supported project.

Collibra will expand existing partnerships in their ecosystem, including platform and solution providers AWS, Google Cloud, Snowflake, and Tableau.

  • Accelerate Collibra’s global footprint: To support company growth, Collibra will be expanding its presence globally and hiring in key areas including engineering, sales, customer success and product. Collibra expects to double the size of its global workforce by 2023.
  • “Collibra is a high-growth, cloud-native organization and one of the most successful tech companies founded in Belgium.

    The company’s success is testament to the strength of the Belgian tech ecosystem, and we are happy to continue our long term partnership with Collibra,” said Harold Boël, CEO of Sofina.

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