Sequoia Capital scales back its expansion, closing London office and shutting Arc accelerator

The moves return the firm to a smaller structure centred on Silicon Valley, with the full effect still unclear to the firm itself.

Sequoia Capital announced in a memo posted to X that it has raised roughly $10 billion in new funds while pulling back on much of its recent expansion. The firm is closing its London office, shutting its Arc accelerator and Scouts program, merging its early-stage and growth teams, flattening its partnership, and dropping the Monday partner meeting. Coverage frames the moves as a return to a smaller, Silicon Valley-centred structure after roughly two decades of multi-geography growth, and notes that European founders may read the London closure as a further sign that the center of gravity is back in the Bay Area. Sequoia itself concedes the changes carry costs and that their success will take time to judge.