Sequoia Capital collects up to $ 600 million in a new sub -fund to concentrate on tokens

Sequoia Capital collects up to $ 600 million in a new sub -fund to concentrate on tokens

Sequoia Capital is launching a new sub-fund of $ 500 to $ 600 million, which mainly focuses on liquid tokens and digital assets, confirmed a spokesman for block works on Thursday.

The capital plans to supplement its other crypto investments in seed, venture, growth and expansion funds. It is also one of the first partial funds to be launched as part of its new Sequoia Capital Fund, an open liquid portfolio, the company said.

The founders asked the company to take on a more active role in the management of its tokens by staking, provision of liquidity, participation in governance and trade about the platforms of portfolio companies. This fund will give him the opportunity to continue to get involved, the company said.

"Our goal with this fund is to take part in protocols, to better support and learn token-only projects through their own action", wrote Michelle Bailhe, Shaun Maguire and Alfred Lin from Sequoia Capital via Sequoia Blogen .

The company's commitment in the crypto area began in 2015 when it began to invest in the room both through equity and token. In 2017, Sequoia invested through its main funds, while in 2021 20 % of his new investments in the United States and Europe were made in crypto.

"We believe that crypto is more than a sector; it is a fundamental change that will have an effect all sectors," said Sequoia.

In general, Sequoia Capital invests in a number of sectors alongside crypto, such as: B. technology, financial services, energy and healthcare. According to the pitchbook data, the 50-year-old company manages a fortune of $ 80 billion.

This investment volume is not unusual for the company. The Indian branch of Sequoia Capital headed a private token sale of $ 450 million in polygon at the beginning of this month-a decentralized Ethereum scaling platform. Regardless of this, Sequoia and Paradigm invested $ 1.15 billion in Citadel Securities in January

. .

The Sequoia Capital contribution collects up to $ 600 million in a new sub -fund to concentrate on tokens.