According to people familiar with the matter, Sequoia China has begun preliminary negotiations with investors on a number of funds, including its first US dollar fund since “Flying Alone.” According to people familiar with the matter, the investment company is in discussions to raise at least $1.2 billion for an early-stage investment fund to support companies in the AI, healthcare and consumer sectors. Sequoia China has been at the helm of Shen Nanpeng since 2005. They also said that Sequoia China is also considering setting up a growth fund, but the exact timing and scale are yet to be determined. One of them added that the company is also considering an additional renminbi-denominated fund. This fundraising will test the appeal of this established investment institution focused on China. Originally, the three entities under the Sequoia brand were basically independent. One focused on the US and Europe, one focused on China, and the third focused on India and Southeast Asia. After the split, the Chinese branch eventually invested in AI start-ups such as Yushu Technology, MiniMax, and Dark Side of the Moon under the English name HSG.

According to people familiar with the matter, Sequoia China has begun preliminary negotiations with investors on a number of funds, including its first US dollar fund since “Flying Alone.” According to people familiar with the matter, the investment company is in discussions to raise at least $1.2 billion for an early-stage investment fund to support companies in the AI, healthcare and consumer sectors. Sequoia China has been at the helm of Shen Nanpeng since 2005. They also said that Sequoia China is also considering setting up a growth fund, but the exact timing and scale are yet to be determined. One of them added that the company is also considering an additional renminbi-denominated fund. This fundraising will test the appeal of this established investment institution focused on China. Originally, the three entities under the Sequoia brand were basically independent. One focused on the US and Europe, one focused on China, and the third focused on India and Southeast Asia. After the split, the Chinese branch eventually invested in AI start-ups such as Yushu Technology, MiniMax, and Dark Side of the Moon under the English name HSG.