Sequoia Capital, one of the most prominent VC investors globally, today announced the launch of a new US$850 million fund targetting startups in Southeast Asia.
Sequoia SEA Fund I will invest actively at the seed, Series A, and growth stages in companies across the region, it said in a blog post.
“We will continue to bring our large portfolio specialist teams to partner with founders in their crucible moments. We will continue to support seed-stage companies and women founders with programmes like Surge and Spark. And we will double down on initiatives to collaborate across our ecosystem — with founders, governments, co-investors, and partners — to help our region emerge larger, healthier, and more sustainable than ever before,” Sequoia Capital said.
The company has simultaneously announced the launch of a US$2 billion early-stage venture and growth fund for India.
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Sequoia Capital is one of the most active global funds with a number of investments in the region. Since the launch of its regional operations in Singapore ten years ago, the firm has invested in several firms, notable among them are Gojek, Tokopedia, Traveloka, Kopi Kenangan, GuadangAda, Biofourmis, Insider, eFishery, and Appier. It also runs the Surge programme out of Singapore.
Sequoia Capital is also excited about the growth of the Web3 industry in the region. “In the last couple of years, we have witnessed the emergence of a thriving Web3 ecosystem and new waves of innovation in markets like Vietnam, the Philippines, Thailand and Malaysia.”
“We are excited for what the next decade and beyond will bring, and we look forward to partnering with more of the daring founders of today to thrive in the largest markets of tomorrow,” it said.
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