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Busy VCs at Sequoia

? The next glut |


| M&A market churning along ?

September 21, 2005

Busy VCs at Sequoia

Justin Hibbard

Bloomberg has a good story today about Sequoia Capital VCs (and other wealthy people) transforming Montana with newly built estates and private clubs. Some locals are fretting. Speaking of Sequoia, the firm has been dealing up a storm lately.

In June, Sequoia invested $1 million in the first preferred stock financing of SimpleFeed, a Los Altos, Calif.-based company that makes Web syndication software for marketing departments with an eye to consumer privacy. Read an interview with founder and CEO Mark Carlson here.

A week ago, Deal Flow told you about Sequoia funding Israeli startup Qumranet. Now we've gotten word that Sequoia and VC firm Accel Partners may be investing in the first stock financing of Tel Aviv-based startup Steerup, which makes ad-insertion technology for mobile applications. Globes has a good story about the recent surge in U.S. VC investing in Israel.

All of this comes on top of recent news that Sequoia closed a $520 million fund for investing in late-stage private companies. Several reports, including this Bloomberg story, say the firm is looking to raise a $150 million China fund, too. Do these people ever sleep?

05:14 PM

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