Venture capital fund · 13 deals
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 | May 2017, Series A | 6 | 2 | |
| Canva | 17 Oct 2019 | 2 | 1 | |
| CultureAmp | 4 Sep 2019, Series D+ | 2 | 2 | |
| Q-CTRL | 30 Nov 2021, Series B | 1 | 0 | |
| v2food | 27 Nov 2019, Series A | 2 | 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.
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.
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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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.
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Airwallex has raised a US$200 million Series E at a US$4 billion valuation, led by Lone Pine Capital, with its founders also unveiling a $200 million fund amid a wave of big local raises.
Daily roundup noting Babel Finance's US$40 million Series A and Malcolm Turnbull backing Cado Security's US$10 million Series A, alongside Peloton earnings, Afterpay's share slide and Gravity Industries' marine jet suit trials.
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Sydney quantum startup Q-CTRL will demo its control software at the Australian Army's Quantum Technologies Challenge, solving a resupply problem with unmanned ground vehicles.
v2Food's plant-based Whopper is now sold at Burger King in South Korea, its fifth regional market. The CSIRO spin-off's backers include Jack Cowin, Main Sequence Ventures and Sequoia China; China is next.
Plant-based meat maker V2food has closed a large Series B with Asian backers to finish a Wodonga factory and enter Asian markets, following an earlier round the year before.
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Melbourne cross-border payments startup Airwallex announced a $160 million Series D with ANZi Ventures and Salesforce Ventures joining returning backers, lifting total funding to $360 million for acquisitions, market expansion and new products.
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Daily venture roundup led by Culture Amp's Series E, plus three venture funds closing, four acquisitions including Vertex's $950m Semma deal, IPO preparations, and a managing director hire at Sands Capital.
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Melbourne employee-survey company Culture Amp has closed an $82 million Series E led by Sequoia Capital China, doubling its total funding, a year after a $40 million Series D.