Sequoia Raises About $10 Billion as It Plans London Office Closure

Sequoia Capital said Nov. 4 that it had raised about $10 billion in new funds and plans to close its London office, shifting support for European founders to its Bay Area base as it reorganizes its investment teams.

The firm said several people will leave in connection with the London closure, but gave no timetable for the move or total number of departing employees. Sequoia said it can continue helping European founders from the Bay Area, adding, “We simply don’t see the need for a local presence.” The announcement describes a change in where that support will come from; it does not say the firm is ending investment activity in Europe.

Sequoia is also merging its early-stage and growth teams into one organization. It has ended the Arc batch accelerator and Scouts programs, made its partnership structure flatter and discontinued the regular Monday meeting among partners. The firm said seven general partners own and operate the business. The announced changes affect its team structure, investment programs and partner meeting schedule.

Sequoia described its investment focus as “high-conviction, highly selective venture capital investing.” Separately, it said an expansion across businesses and geographies over roughly 20 years had created hierarchy. The firm did not identify Q3 funding patterns as a reason for its organizational changes.

Sequoia did not list the funds included in its about $10 billion total, give amounts for individual funds or specify when they closed. It also did not say whether the figure overlaps with previously announced vehicles or identify a fundraising period.

In a separate measure of market activity, global venture funding totaled $159 billion in Q3 2026. AI-driven startups raised $102 billion, or 64% of the total, while the San Francisco Bay Area accounted for 24% of global venture investment. Those figures describe the broader market for the quarter, not Sequoia’s fundraising. The firm did not say that the quarter’s AI or regional investment mix prompted its restructuring.