Home » » Sequoia Capital Downsizes Crypto-Focussed Fund by 65 Percent Amid Market Slump: Report

Sequoia Capital Downsizes Crypto-Focussed Fund by 65 Percent Amid Market Slump: Report

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Sequoia Capital is supposedly reducing its crypto fund by a whopping 65 percent. The US-headquartered venture crypto fund was valued at $585 million (roughly Rs. 4,813 crore) at the time of its launch in February this year. Its decision to cut down on this funding leaves the capital pool with just $200 million (roughly Rs. 1,645 crore).

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