Originally posted on VentureBeat:
Sequoia Capital is raising its fifth Israel-focused fund, said to top out at $200 million, according to filings and Israel’s Globes. The fund is part of a larger effort by the venture firm to raise $1 billion for a number of new funds that stretch across many continents.
This is not Sequoia’s first go-around in the Israeli market. The firm has thus far invested nearly $600 million in the country’s startups, as Globes notes. According to filings with the Securities and Exchange Commission, both Sequoia’s fourth and third funds were also for about $200 million. Sequoia’s previous Israel-focused funds were for smaller amounts, showing an increased interest in the region.