Major Venture Firm Sequoia Capital to Divide Global Partnership

Venture capital firm Sequoia Capital has announced plans to divide its global partnership into three separate geographic units: China, the U.S., and Europe, and Southeast Asia and India. The move is attributed to an "increasingly complex" dynamic in the global investment landscape. Roelof Botha, Neil Shen, and Shailendra Singh, partners at Sequoia, informed their limited partners about the decision, emphasizing a "local-first approach" to fulfill their mission. The restructuring is expected to be completed by March 31, 2024. While the U.S. unit will retain the Sequoia branding, Shen's Chinese fund will be known as HongShan in English, and Singh's Indian unit will be named Peak XV Partners. Sequoia Capital is renowned for investing in prominent companies such as Apple, Google, PayPal, and Zoom. A representative from Sequoia Capital has not yet responded to requests for comment.