Venture capital fund · 1 deal
Heavy-hitter investor in v2food
Every published round Sequoia Capital China took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
Companies Sequoia Capital China has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Airwallex | Fintech payments and financial infrastructure company | 11 Oct 2022, Series D+ | 1 | 1 |
Fund closes reported for Sequoia Capital China, as distinct from the investments it has made.
Companies Sequoia Capital China has backed that another company then bought. An exit for the holding, not a deal Sequoia Capital China did.
Stories naming Sequoia Capital China. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Airwallex co-founder Jack Zhang recounts turning down Stripe's billion-dollar buyout, describes building a licensed global payments network, and argues the Melbourne fintech can now challenge Stripe directly.
Melbourne's Culture Amp has cut roughly 60 roles amid a push into AI products like AI Coach; the piece also recalls its 2019 Series E, 2021 Series F and $2 billion valuation.
Payments firm Airwallex closed a large Series F at a $9.6 billion valuation, led by Square Peg with several local and global backers, while the piece recalls its earlier raises back to 2016.
KPMG administrators took control of ProForm Foods, the company behind the Meet brand, and the piece recalls earlier raises at v2food and All G Foods as the plant-based sector cools.
Feature on Australia's fast-growing climate tech sector, recounting raises at companies including Neara, Loam Bio, Goterra and Great Wrap, and warning that scarce growth capital and limited foreign investment could stall the industry.
Plant-based meat maker v2food changed course and is shutting its Wodonga factory after founder-CEO Nick Hazell's departure, with Tim York now chief executive; the story recalls its two Series B raises.
Roundup of six Australian startups that together secured about $196 million this week, covering raises by Airwallex, SunDrive, T-Shirt Ventures, Iluminr, Foodini and Banksia Academy.
Airwallex has secured a $100 million Series E-2 extension at an unchanged $5.5 billion valuation, joined by existing backers plus HostPlus, to fund growth, new products and acquisitions.
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Airwallex is reportedly seeking a second Series E extension of about US$150 million, while the article recalls its earlier Series D, E and E1 raises and flags a possible 2024 public listing.
Aura Group's year-end reflection argues strong culture drives startup success, citing Culture Amp's recently announced $100 million Series F at a $1.5 billion valuation and academic studies linking founder-set culture to outcomes.