Sequoia Shrinks Its Reach and Flattens Its Partnership

On November 4, 2026, Sequoia Capital announced a broad restructuring, ending several programs and flattening its partnership as it seeks to focus on a smaller set of people and priorities. The venture firm also said it had raised about $10 billion in new funds.

Sequoia will close its London office, which opened in 2020, and said some employees will leave. The firm said it can support European founders from its Bay Area headquarters. Partner Luciana Lixandru declined an offer to move to San Francisco, saying Europe is where she wants to build; she will remain a partner and continue investing in European founders.

The firm is shutting down Arc, its accelerator for early-stage startups, and its Scouts program, which enabled founders and operators to invest on Sequoia’s behalf. It is also combining its early-stage and growth teams, ending its regular Monday partner meetings, and removing management layers that it said had spread into the investing partnership.

Sequoia described the changes as a reversal of parts of a roughly 20-year expansion, during which it added businesses and locations. Alfred Lin and Pat Grady, who became co-stewards in late 2025, are among seven general partners primarily responsible for operating the firm.

The restructuring follows Sequoia’s 2023 separation from its China and India/Southeast Asia businesses. The firm said its mission of delivering returns to its investors remains unchanged, while acknowledging that the changes involve saying goodbye to valued employees. Their effect will take time to assess.