(Bloomberg) — Sequoia Capital wrote down the full value of its holdings in FTX, a signal the venture capital firm sees no clear path to recouping its investment in the embattled cryptocurrency e...
Tag: Sequoia
Big News: Sequoia Capital will reduce its $213.5 million FTX investment to zero
Sequoia Capital has just reduced the value of its stake in the cryptocurrency exchange FTX to zero — a stake that, since last week, likely reflected one of the most substantial investment gains in the...
Sequoia says its investment in FTX is now worthless
Sequoia Capital, a leading venture capital firm, said in a letter to its limited partners that it has marked down the value of all its investments in FTX to zero. The letter, sent today by th...
Binance, Sequoia still backing Elon Musk’s bid for Twitter
The Twitter deal is back on this month, and Binance confirmed to Cointelegraph that it intends to support the deal as part of its push for Web3 adoption. Binance and tech investor Sequoia Capital are ...
Binance and Sequoia Capital Pledge Millions In Funding For Elon Musk’s Takeover Deal
Tesla and SpaceX chief executive Elon Musk had managed to raise $7.14 billion out of the $44 million bid for Twitter from investors like Sequoia Capital, crypto exchange Binance, and Andreessen Horowi...
Trip.com, China’s Biggest Online Travel Site, Reverses To Profit In 2nd Quarter As Global Bookings Gain
Employees walk through the reception area at the Trip.com headquarters in Shanghai in 2021. … [+] Photographer: Qilai Shen/Bloomberg © 2021 Bloomberg Finance LP Trip.com, China biggest online tr...
Here’s How California Is Protecting Yosemite’s Famous Sequoia Trees From Wildfires
Topline Fire crews in Yosemite National Park are taking extreme measures this week to protect the park’s famous more than 500 giant sequoia trees as the Washburn wildfire continues to grow and t...
H2O Waters Securities Launches First Crypto Water Token, Sequoia China $9 Billion Funding, Federal Reserve not Impressed by USD CBDC – crypto.news
H2O Waters Securities has launched the first water-focused crypto token. Sequoia China closes in on a $9 billion funding round to help new projects seed rounds and ventures, as the federal reserve app...
Sequoia China Raises $9B in Funding amid Country’s Roiling Tech Space
Despite the government regulatory crackdowns, Sequoia China says the funding will support tech companies across all stages in the country. The Chinese affiliate of American venture capital firm Sequoi...
The Chinese Unit of Sequoia Capital to Raise $9 Billion for New Funds (Report)
Sequoia Capital’s Chinese subsidiary will reportedly secure $9 billion for four new funds. Those will be distributed towards supporting fintech and cryptocurrency startups in China. According to a cov...
Crypto investor Sequoia Capital China reportedly raises $9 billion
Sequoia Capital China, the Chinese affiliate of cryptocurrency-friendly venture capital firm Sequoia Capital, is about to raise $9 billion for its four new funds focused on Chinese startups. In raisin...
Sequoia and Quona lead $6 million seed round for DeFi protocol MoHash
Sequoia Capital India and Quona Capital co-led a $6 million seed round for decentralized finance (DeFi) lending protocol MoHash, according to a news release. Jump Crypto, Hashed Ventures, Coinbase Ve...
‘Buy Bitcoin, plant a tree, lower your time preference’: A Sequoia story
When the market falls faster than a tree in the forest, the phrases “zoom out” and “lower your time preference” take root. “Zoom out” refers to taking a break from the omnipresent price charts that po...
Sequoia Capital rolls out two Web3.0 funds
For the past few months, thanks to the worldwide slowdown, funding for startups has decreased. However, investment company cypress has stepped up the funding. Its 2 units cypress Bharat associated cyp...
Nume Raises $2M in Funding from Sequoia Capital India, Others to Facilitate Seamless Crypto Payments
Crypto payment gateway Nume Crypto generated funding from a host of VC firms to offer upcoming products NumePay and NumePay Business. Web3 payments startup Nume Crypto recently raised $2 million via a...
Sequoia & a16z Backed Loom Fires Its 34 Employees: Here’s Why
Loom, an enterprise video messaging service, has fired 14% of its total staff or 34 employees. Individuals from the product and people operations are affected. The firm has confirmed the news of the ...
Sequoia China-Backed Crypto Financial Services Firm Hits $2 Billion Valuation
Del Wang, cofounder and CEO of Babel Finance. Babel Finance Babel Finance, a Hong Kong-based crypto lender and asset manager, has secured $80 million from investors including crypto venture firms Drag...
Gaming platform Bud raises $37 million in round led by Sequoia Capital India
Bud, a gaming platform powered by user-generated content, has raised $36.8 million in a Series B round led by Sequoia Capital India. ClearVue Partners, NetEase and Northern Light Venture Capital also ...
Coinshift Closes $15 Million Series A Led by Tiger Global, Sequoia Capital India, Alameda
[PRESS RELEASE – Sheridan, United States, 17th May, 2022] Cash management company announces roadmap to build cutting-edge multichain treasury infrastructure for Web3 Coinshift, leading treasury manage...
Tiger Global, Sequoia Capital India, and Alameda Ventures lead a $15 million Series A round for Coinshift
Advertisement     Coinshift, leading treasury management, and infrastructure platform is pleased to announce its successful series A funding round and its roadmap for ...
Coinshift Closes $15 Million Series A Led by Tiger Global, Sequoia Capital India, Alameda Ventures
Sheridan, United States, 17th May, 2022, Chainwire Cash management company announces roadmap to build cutting-edge multichain treasury infrastructure for Web3 Coinshift, leading treasury management an...
How We Selected Our Honorees
More than 400 companies were considered for this year’s list. Finalists were selected based on their use of AI-enabled technology, business models and financials. T he Forbes AI 50 list celebrates the...
Binance and Sequoia Capital amongst Firms Bankrolling Elon Musk’s Twitter Takeover
The move by Changpeng Zhao and the Binance exchange to fund Elon Musk’s visions for Twitter is a very ambitious one. Elon Musk’s takeover of social media giant Twitter Inc (NYSE: TWTR) has drawn a con...
Elon Musk Secures Funding From Crypto-Friendly Binance, Sequoia, Fidelity to Buy Twitter – Featured Bitcoin News
Tesla and Spacex CEO Elon Musk has secured $7.139 billion in new financing commitments to fund his acquisition of Twitter, including from several pro-crypto companies. Cryptocurrency exchange Binance,...
Elon Musk secures $7 bn in funding from Sequoia, Binance, and other investors to back Twitter bid
A group of investors, including Sequoia Capital, Andreessen Horowitz, Binance and Fidelity 89 has invested over $7 billion to back Elon Musk’s $44 billion takeover of Twitter. The $44 billion deal tha...
Sequoia Capital Partner Believes Lots of VCs Will Pull Back From Crypto – Bitcoin News
Shaun Maguire, a crypto partner of Sequoia Capital, one of the venture capital firms most active when it comes to investments in the cryptocurrency space, issued its opinion on the future of many VCs ...
Precog Finance Secures Investment and Partnership With Sequoia DAO
The blockchain and cryptocurrency space is expanding every passing day. One of the invariable outputs of a maturing industry is the unification of vital players to create impact faster, more efficient...
Elon Musk’s Boring Company Raises $675 Million To Scale Traffic-Fighting Underground Loop Projects
Topline Elon Musk’s The Boring Company announced on Wednesday it has raised $675 million in Series C funding to scale its underground Loop projects and develop a next generation tunneling machine, tak...
Sequoia Capital India pledges to take proactive steps amid fraud allegations at some startups
Sequoia Capital India, one of the most prolific and successful investors in India and Southeast Asia, addressed the fraudulent practices allegations levelled against some of its portfolio startups and...