SCOOP: Sequoia Capital is targeting $2.25 billion for two U.S. VC funds, defying the chill over private tech investing Read Now

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Warby Parker’s Revenue Grew 32% in Q3

By Malique Morris
· · Source: The Information

Eyeglass seller Warby Parker’s revenue jumped 32% year-over-year to $137 million in the third quarter of the year, above its projection of a 28% increase in sales. The growth rate was a sharp slowdown from the 95% sales jump the company saw in the second quarter. But that reflected a recovery from the previous year’s pandemic-depressed period when Warby Parker’s stores were closed. The latest...

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Sequoia Capital Targets $2.25 Billion for Two U.S. VC Funds
By Kate Clark · June 29, 2022 5:57 PM PDT
Sequoia Capital global managing partner Doug Leone. Photo: Bloomberg
Sequoia Capital, defying the tech market sell-off that’s chilled startup fundraising, is asking investors to commit money to two new U.S.-focused funds, according to two people familiar with the matter. The Menlo Park, Calif.-based venture capital firm behind Airbnb and DoorDash expects to dedicate $1.5 billion to a U.S. growth fund focused on more mature companies, the people said....
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