Sequoia closes its London office to concentrate on Silicon Valley

Sequoia Capital is closing its London office, opened in 2020, and says several people will leave the venture-capital firm as a result. The firm says it still intends to back European founders, but believes it can do so from its Bay Area home rather than by maintaining a local base. The move is part of a wider simplification: Sequoia is ending programs aimed at very young startups, combining its early- and later-stage investment teams, and reducing layers inside the partnership. For European founders, the message is not that Sequoia has stopped investing in the region, but that access to one of tech’s most influential investors will be more concentrated in Silicon Valley.