Former Sequoia India Firm Launches New Fund for Early Ventures
- Peak XV was Sequoia Capital’s investing arm for India, SE Asia
- The firm raised $2.85 billion in 2022 to invest in the region
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Peak XV Partners, formerly part of Sequoia Capital, is creating a new fund that will take stakes in global seed and early venture funds, and make other investments that fall outside the purview of its existing portfolios.
The Peak XV Anchor Fund will be backed by an internal pool of capital, according to a letter sent to investors. Formerly known as Sequoia India & Southeast Asia, the venture-capital firm rebranded as Peak XV Partners last year and is now fully independent.