Home / Business and Economy / Ex-Sequoia Star Raises $1B for New Tech Fund
Ex-Sequoia Star Raises $1B for New Tech Fund
20 Oct
Summary
- Jeff Wang, ex-Sequoia Capital investor, raised over $1 billion.
- The new fund focuses on public and private technology companies.
- Initial fundraising includes $25 million for cybersecurity firm Cyera.
Jeff Wang, a respected former stock-picker at Sequoia Capital, has launched a new technology-focused equity fund, securing more than $1 billion in initial capital. This substantial fundraising effort signals a significant new venture for the veteran investor.
The fund's strategy will encompass investments in a diverse range of companies, including both publicly traded entities and privately held technology firms. This broad approach aims to capitalize on various market opportunities within the tech sector.
As part of the initial fundraising activities, a specific allocation of $25 million has been designated for a distinct investment vehicle. This vehicle is set to back the cybersecurity firm Cyera, highlighting a targeted interest in the growing security technology landscape.
