The venture fund continues to target tech investments

Venture capital giant Sequoia Capital has raised $3.4 billion for two new investment destinations. The first fund will invest in late-stage companies in the United States. The second will invest in Chinese growth and venture investments, according to Form 4 filings with the SEC.

The Sequoia Capital China Growth Fund V closed at $1.7995 billion. Meanwhile, the Sequoia Capital China Venture Fund VII closed at $549.5 million. Meanwhile, the Sequoia Capital U.S. Growth Fund VIII – with 120 limited investment partners – closed nearly $1 billion.

Doug Leone, Michael Moritz, and Roelof Botha have been busy in recent years. In 2018, the company closed its largest fundraising effort ever at $6 billion.

Venture Capital Giant Sequoia Capital Getting Busy

The venture capital giant is best known for investments in a number of big U.S. startups. The list of investments includes e-commerce giant Amazon, cloud-computing firm Dropbox, business site LinkedIn, social media firm Snap, search giant Google, and Instagram.

In China, the firm has also invested in Alibaba, JD.com, TikTok, and Yitu. The firm also backed Ant Financial, the multi-billion financial firm tied to Alibaba.

That said, the company’s investments also drew controversy in recent years. Further, American Senators are calling for an investigation into TikTok over the social media giant’s role in human rights violations.

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