Sequoia Raises $10 Billion, Merges Teams, Shuts London Office

Sequoia Capital raised approximately $10 billion in new funds and restructured itself around a single merged partnership, according to a memo posted to its official X account on November 4, 2026. The firm is closing its London office and shutting down its Arc accelerator and Scouts programs.

The move comes one year after Sequoia's generational transition. The firm now describes its focus as high-conviction, highly selective venture investing, with streamlined operating and investing teams designed to put more energy behind fewer people and initiatives. The stated objective is quality rather than scale: delivering the best possible returns to limited partners and supporting founders from idea to IPO and beyond.

What changes inside the partnership?

Sequoia is removing the Early and Growth labels in favor of one investment team with a shared mission. The firm says a single team should make support more seamless as founders move between stages.

The Monday partner-meeting cycle is also ending. Sequoia says it will do its best to follow founders' schedules rather than require them to follow its internal process.

The firm attributes the reorganization to an approximately 20-year expansion across multiple businesses and geographies. That growth, the memo explains, created hierarchy and management layers on the operating side before spreading into investing. The internal changes are intended to flatten the partnership so that a founder's access to the wider firm does not depend on the lead partner.

Seven general partners now own and operate the organization. The memo's first-name signatures correspond to Alfred Lin, Andrew Reed, David Cahn, Konstantine Buhler, Pat Grady, Shaun Maguire and Sonya Huang on Sequoia's official team roster.

Why did Arc and Scouts end?

Arc launched on March 21, 2022 as an open call to seed-stage founders. It offered an eight-week curriculum in Company Design and a $1 million upfront investment for each participating company. Company Design was presented as Sequoia's approach to starting, building and scaling enduring companies. The first cohort targeted European companies, with a US cohort planned later in 2022.

Scouts had longer roots. Sequoia's October 26, 2021 fund announcement described it as the industry's first Scouts program, developed more than a decade earlier.

In a January 16, 2018 account of its seed strategy, Sequoia said it had raised its third Scout Seed fund and was willing to use SAFEs or convertible notes, typically without taking board seats. Ending Scouts and Arc closes particular early-stage mechanisms. The firm's stated mission still begins at the idea stage.

The same 2021 announcement reorganized Sequoia's US and Europe business around the Sequoia Capital Fund, a permanent structure comprising an open-ended liquid portfolio of public positions. That portfolio allocated capital to closed-end sub-funds for venture investments from inception to IPO, with proceeds returning to the main fund. Sequoia has now removed much of the complexity associated with that fund.

Why close London?

The London office closure will result in several departures. Sequoia said the closure reflected its conclusion that a local presence was unnecessary rather than any judgment on the quality of the London team. The firm said it expects Europe to keep producing outlier founders and companies, and that they can be supported from the Bay Area.

Sequoia framed the changes around parallel technological shifts in AI, space, biology and reindustrialization. It identified talent and capital as key ingredients for company building.

What does this mean for founders?

For founders, the overhaul replaces dedicated programs and stage-specific teams with a single partnership and a less rigid meeting process. The practical question is whether that concentrated model, backed by roughly $10 billion in fresh capital, can sustain the early-stage access formerly organized through Arc and Scouts, as well as the European support formerly anchored in London.

By Daniel Okafor, Business Bearings