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Sequoia Capital has launched two new funds with sizes of $750 million and $200 million respectively.
PANews reported on October 29 that Sequoia Capital announced the launch of two new funds on Monday, which are nearly equivalent in size to the funds launched about three years ago: a $750 million early-stage fund aimed at Series A startups, and a $200 million seed fund. Sequoia Capital aims to return to its core mission: to invest in promising founders at the earliest stages of startup creation. With valuations of AI startups soaring, Sequoia Capital hopes to leverage the new funds to invest in the most promising founders at the starting point of their startup journey.