{"id":406905,"date":"2022-02-17T19:15:00","date_gmt":"2022-02-17T16:15:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/sequoia-capital-launches-crypto-fund-worth-up-to-600m\/"},"modified":"2022-02-17T19:15:00","modified_gmt":"2022-02-17T16:15:00","slug":"sequoia-capital-launches-crypto-fund-worth-up-to-600m","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/sequoia-capital-launches-crypto-fund-worth-up-to-600m\/","title":{"rendered":"# Sequoia Capital launches crypto fund worth up to $600M"},"content":{"rendered":"<p>&#8220;<strong># Sequoia Capital launches crypto fund worth up to $600M  <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDIvNTRmMDNjYWMtYTZjYi00NmNjLTliZjktYTI3Y2YzMTM0ZmUxLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>American venture capital firm Sequoia Capital has launched a new cryptocurrency fund as part of its ongoing efforts to bootstrap the next generation of promising crypto-focused startups.<\/p>\n<p>Bloomberg <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-02-17\/sequoia-capital-to-create-crypto-fund-of-as-much-as-600-million\">reported<\/a> Thursday that Sequoia is allocating up to $600 million towards the new sector-specific fund. Shaun Maguire, a partner at Sequoia, described crypto as a \u201cmegatrend over the next 20 years\u201d and called it \u201cthe future of money.\u201d<\/p>\n<p>The new crypto fund is part of three new sub-funds that were introduced by Sequoia on Thursday. The new funds, which operate under the Sequoia Capital Fund, will rely on capital that\u2019s already committed by the firm\u2019s limited partners. <\/p>\n<p>Sequoia is no stranger to the cryptocurrency market, having financed dozens of projects in the space. As Cointelegraph reported, Sequoia recently led a $450 million funding round for layer-2 scaling solution Polygon. The firm was behind a $25 million equity round for DeFi wallet DeBank and the $50 million raise for StarkWare. Sequoia also participated in a $1.15 billion investment round for Citadel Securities, which is broadening its exposure to digital assets.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Venture capital fell in love with the blockchain in 2021, with a new <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CBinsights?ref_src=twsrc%5Etfw\">@CBinsights<\/a> report showing a 713% increase in funding. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/6n0RGLzN1o\">https:\/\/t.co\/6n0RGLzN1o<\/a><\/p>\n<p>\u2014 Cointelegraph (@Cointelegraph) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Cointelegraph\/status\/1489820333704204288?ref_src=twsrc%5Etfw\">February 5, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<strong><em>Related: <\/em><\/strong><strong><em>VC Roundup: Animoca leads NFT3 raise, Arca launches NFT fund and Alexis Ohanian broadens crypto exposure<\/em><\/strong><\/p>\n<p>Global blockchain funding reached $25.2 billion in 2021, having grown 713% over the previous year, according to data from CBI Insights. Venture capital funding has largely focused on crypto adoption, with firms backing projects across various sub-sectors including nonfungible tokens, decentralized finance, crypto exchanges and infrastructure services. More recently, venture capital has placed greater emphasis on Web3, metaverse and <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">Game<\/a>Fi projects.\u00a0<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/sequoia-capital-launches-crypto-fund-worth-up-to-600m\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Sequoia Capital launches crypto fund worth up to $600M &#8221; American venture capital firm Sequoia Capital has launched a new cryptocurrency fund as part of its ongoing efforts to bootstrap the next generation of promising crypto-focused startups. Bloomberg reported Thursday that Sequoia is allocating up to $600 million towards the new sector-specific fund. Shaun&#8230;<\/p>\n","protected":false},"author":1,"featured_media":406906,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDIvNTRmMDNjYWMtYTZjYi00NmNjLTliZjktYTI3Y2YzMTM0ZmUxLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[75719,117,71745],"class_list":["post-406905","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-funding","tag-business","tag-venture-capital"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/406905","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=406905"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/406905\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/406906"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=406905"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=406905"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=406905"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}