Jun 26, 2018

Sequoia Capital raises $6 billion for global VC fund

Photo via Smith Collection/Gado/Getty Images

Sequoia Capital has closed on $6 billion for its new global venture capital fund, which is targeting a total of $8 billion, as reported by the FT and confirmed by a source to Axios.

Why it matters: This is the largest venture capital fund ever raised by a Silicon Valley-based firm, and comes amid rising startup valuations and deep-pocketed pressure from foreign investors like SoftBank.

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First coronavirus patient dies in Europe as death toll tops 1,600

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's NHC; Note: China refers to mainland China and the Diamond Princess is the cruise ship offshore Yokohama, Japan. Map: Danielle Alberti/Axios

The death toll from the novel coronavirus rose to 1,669 and cases to 69,183 on Saturday, the latest statistics from John Hopkins University show.

The big picture: All but three of the deaths from COVID-19 have occurred in mainland China, with the latest outside the country occurring in France. There have been 66,492 confirmed cases and 1,523 deaths on the mainland, China's National Health Commission said Saturday — a number the CDC believes is underreported. There are more than 500 cases in 28 other countries and territories.

Go deeperArrowUpdated 47 mins ago - Health

Iowa Democratic Party appoints new chair

Troy Price, former chairman of the Iowa Democratic Party, addresses the media on Feb. 7 in Des Moines, Iowa. Photo: Steve Pope/Getty Images

The Iowa Democratic Party announced its new chair on Saturday after Troy Price resigned in the wake of the state's disarrayed and delayed caucuses.

What's new: Rep. Mark Smith, minority leader of the Iowa House of Representatives, has taken the position.

NYT: Xi Jinping ordered action on coronavirus earlier than previously reported

Xi Jinping vists a community health center in Beijing on Feb. 10. Photo: Ju Peng/Xinhua via Getty Images

Chinese President Xi Jinping said that he first gave orders to tackle the coronavirus crisis on Jan. 7 in a speech released by state media on Saturday, the New York Times reports. He did not disclose details of those orders in the speech.

Why it matters: The newly published address, which Xi gave on Feb. 3, confirms "for the first time that he was aware of the virus while officials at its epicenter were openly downplaying its dangers," per the Times.

Go deeperArrow6 hours ago - World