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Sequoia Capital raising dedicated seed fund

AP Photo/Keith Ridler

Sequoia Capital is raising up to $180 million for a new fund that will focus exclusively on seed-stage opportunities, Axios has learned from multiple sources.

Why it matters: Sequoia has a particularly strong track record in the seed space, having cut small, early checks for such companies as Airbnb, LinkedIn, Stripe, Palo Alto Networks and YouTube.