Sequoia charges ahead on new $1B fund

Sequoia Capital, one of the most respected venture firms in the Silicon Valley, says it is looking to raise a new fund totaling $1 billion that will be geared toward investments in China. Based in Menlo Park, the firm says it will be primarily looking to back early-stage startups in the region, and hopes to close the new fund by March.

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Camille was the lead writer for GreenBeat until August 2010. To reach VentureBeat's current writers, email tips@venturebeat.com.

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