Deals

Sequoia Capital raising fifth growth and principals funds

Storied venture capital firm Sequoia Capital is in the process of raising a new growth fund and principals fund, the firm has confirmed with VentureBeat.

Sequoia would not disclose any new details about the funds when contacted by VentureBeat. A filing with the Securities and Exchange Commission indicated that the firm is raising a new fund, but the filings do not list the amount of money the firm expects to raise for its fund.

Sequoia Capital raised its last “growth fund” in 2008, when it raised $925 million.

The firm’s growth-stage investments include the likes of Apple, eHarmony, Evernote, Google and Jive, an enterprise social networking company that filed to go public yesterday to raise up to $100 million. The growth stage investments range between $10 million and $100 million, according to the firm’s website.