Business · 7 hours ago
Silicon Valley Giant Sequoia Shuts Its London Office
QuintusPetillius, CC BY-SA 4.0, via Wikimedia Commons (City of London skyline, stand-in photo)
Sequoia Capital, the venture firm famed for early bets on Apple and Google, is closing its London office six years after opening it, with several staff leaving. In a memo posted on X, the firm said it no longer needs a local presence and will back European founders from California. It also revealed roughly $10bn in new funds and scrapped its accelerator and scout programmes.
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