Sequoia Raises $7 Billion for Bigger AI Bets
The new expansion fund gives the venture firm more room for late-stage deals as AI capital needs surge.
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Sequoia Capital has raised about $7 billion for a new expansion fund, Bloomberg reported, giving the venture firm more firepower for late-stage bets as artificial intelligence drives bigger capital needs across private markets.
The fund is Sequoia’s largest expansion vehicle yet and is focused on more mature startups in the US and Europe.
The raise comes as AI companies such as OpenAI and Anthropic seek unusually large sums to train models and build supporting infrastructure.
Sequoia has backed both companies and was reported in January to be joining GIC and Coatue in a new Anthropic funding round.
The fundraising is also the first major capital raise under Sequoia’s new leadership.
Roelof Botha stepped down in November 2025, with Alfred Lin and Pat Grady taking over as co-stewards.
Sequoia’s US and Europe business now operates separately from Peak XV Partners, which focuses on India and Southeast Asia, and HongShan, its former China affiliate, following the firm’s global restructuring.
It has also continued to invest in companies building AI tools and applications beyond the foundation model labs.
