Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Sequoia Capital’s former China unit, now known as HongShan and led by Neil Shen, has successfully raised a new $2.5 billion (Rmb18B) start-up fund. This new fund aims to invest in technology start-ups in China, despite a challenging fundraising environment that has affected other firms. The new fund is significantly smaller than HongShan's previous fund of $9 billion raised in mid-2022.
A lot smaller than their last China fund. https://t.co/us0aUBEdT9
"Sequoia Capital’s former #China unit has raised an Rmb18B fund, defying a fundraising freeze that has hit rivals & building its war chest to invest in technology start-ups in the country" https://t.co/CEpkG8e2IN
HongShan, the Neil Shen-led VC firm that split from Sequoia last year, has raised $2.5b for its latest fund. Its last fund, raised in mid-2022, was $9b in size. Sequoia India+SEA, now Peak XV, raised $2.85b funds around the same time. https://t.co/dTALj7VGqU
