Sequoia raises ~$10B, closes Arc, Scouts and London office

Sequoia Capital on Wednesday posted a memo to X titled 'The Sequoia of Tomorrow.' In it, TechCrunch reports, the firm said it has raised roughly $10 billion in new funds, is closing its London office, shutting its Arc batch accelerator, sunsetting its Scouts program, merging its early-stage and growth teams into one, flattening the partnership, and killing its Monday partner meeting.

'We are best at high-conviction, highly selective venture capital investing,' the memo reads. 'Putting more energy behind fewer people and things means better support for the founders we back.'

The specifics carry the weight. Arc launched in March 2022 and wrote $500,000 to $1 million pre-seed and seed checks. Scouts, which let founders and operators invest small amounts on Sequoia's behalf, dates back to around 2009. The London office opened in 2020; Luciana Lixandru, hired from Accel that same year as Sequoia's first European partner, declined to relocate to San Francisco. 'We simply don't see the need for a local presence,' the memo says of Europe, adding that the Bay Area can provide world-class support from a distance.

Reporter Connie Loizos writes that the framing is forward-looking but 'the messaging is very much about rewinding to an earlier time when the team was smaller and focused more narrowly on Silicon Valley.'

Seven general partners now run the firm: Alfred Lin and Pat Grady as co-stewards, with Andrew Reed, Shaun Maguire, Konstantine Buhler, Sonya Huang, and David Cahn, who joined in 2023. Carl Eschenbach returned as a full-time partner in March 2026. Doug Leone is active again. Jess Lee moved from investor to Chief Product Officer. Stephanie Zhan left to launch her own firm.

The memo also says Sequoia has 'removed much of the complexity associated with the Sequoia Capital Fund.' TechCrunch does not spell out what that means. Neither the memo nor the article names the new fund vehicles or breaks the $10 billion between early-stage and growth.