Sequoia raises $10B, shuts London office in Silicon Valley reset

Sequoia Capital, a venture capital firm, said on Wednesday that it raised about $10 billion and would close its London office, discontinue its Arc Accelerator and Scouts network, and combine its early- and late-stage investment teams. The firm said it would place a more substantial focus on the San Francisco Bay Area. Its London office began operating in 2020; Sequoia said it saw no need for a local presence and expected Europe to remain a source of exceptional founders and companies. Sequoia has backed European startups, including leading a $900 million Series C for Trade Republic in 2021 and co-leading a $40 million Series B for Paris-based Dust in May 2026, and it promised to keep investing in Europe from California.