Sequoia Slashes Its Crypto Fund by 66% After Industry Collapses: Report

The $85-billion venture capital firm launched the Sequoia Crypto Fund in February 2022.

– Sequoia, an $85-billion venture capital firm, introduced the Sequoia Crypto Fund in February 2022.

– The launch of the fund demonstrates Sequoia’s interest and confidence in the cryptocurrency market.

– The Sequoia Crypto Fund aims to invest in promising blockchain and cryptocurrency projects.


In February 2022, Sequoia, a prominent venture capital firm with $85 billion in assets, announced the launch of the Sequoia Crypto Fund. This move signifies Sequoia’s recognition of the potential and significance of the cryptocurrency market. The fund is designed to invest in innovative blockchain and cryptocurrency projects, highlighting Sequoia’s commitment to exploring and supporting this emerging sector.