Sequoia marks up its 2020 fund by 25%
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Sequoia Capital has increased the value of its 2020 U.S. Venture XVII fund by 24.6%, despite having no exits. This adjustment is significant for a fund from 2020, a year expected to underperform due to high valuations. The increase is attributed to rising AI valuations, as Sequoia invests in prominent AI firms like OpenAI and Glean. The fund raised over $ million and closed in 2022.
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