---
title: "Sequoia marks up its 2020 fund by 25%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/220492406.md"
description: "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."
datetime: "2024-11-22T23:56:54.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/220492406.md)
  - [en](https://longbridge.com/en/news/220492406.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/220492406.md)
---

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# Sequoia marks up its 2020 fund by 25%

Sequoia says no exits, no problem.

The Silicon Valley titan of venture marked up the value of its 2020 Sequoia Capital U.S. Venture XVII fund by 24.6% in June, at the end of a 12-month period, according to PitchBook, which ran analysis on data from the Regents of the University of California’s endowment.

Sequoia’s markup is notable because the fund has yet to have any exits. This is also a favorable change for a 2020 fund vintage, given the fact that funds from that year aren’t predicted to perform well for any VC after the frothy valuations of 2020 and 2021. The mismatch is likely due to lofty AI valuations giving venture a sense of recovery that hasn’t come to fruition quite yet for other sectors. Sequoia is an investor in buzzy AI companies including: OpenAI, Glean and Harvey, among others.

Sequoia raised more than $800 million for Fund XVII which closed in 2022.

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