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New leaders, new fund: Sequoia has raised $7B to expand its AI bets

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Few venture firms have bet more aggressively on AI than Sequoia Capital, and it isn’t slowing down.

The Silicon Valley stalwart has raised roughly $7 billion for a new fund, according to Bloomberg. Sequoia declined TechCrunch’s request for comment. The money will go toward what the firm calls its “expansion strategy” — essentially its late-stage investing arm, focused on the U.S. and Europe — and it’s nearly double Sequoia’s last comparable fund, a $3.4 billion vehicle raised in 2022.

That growth in fund size reflects something bigger: late-stage investing has taken on an entirely new meaning in the AI era. Companies can now scale at a speed and cost that would have been unimaginable a decade ago, and the firms backing them have to keep pace.

The money signals where Sequoia sees the future: deeply embedded in AI, from the giants building the underlying technology to the startups putting it to work. The firm has backed two of the most prominent players in the AI race — OpenAI originally and, more recently, Anthropic — both of which are reportedly eyeing public listings in 2026. The development that could mean a significant payday for the firm.

Sequoia isn’t only swinging for the foundational AI heavyweights, however. It has also placed bets on other buzzy startups, including Physical Intelligence, the Bay Area robotics startup, and Factory, which builds AI agents for enterprise engineering teams.

The fundraise is also the first major capital raise under Sequoia’s new leadership, with Alfred Lin and Pat Grady now serving as co-stewards of the 54-year-old firm.

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From Super-Sub to World Cup Superstar! Kanyinsola Yusuf Wins FIFA Player of the Match as Flamingos Stun North Korea 3-1

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Nigeria’s teenage sensation Kanyinsola Yusuf has emerged as one of the standout performers at the 2026 FIFA U-17 Women’s World Cup in Morocco after winning the Player of the Match award in the Flamingos’ sensational 3-1 victory over defending champions North Korea on Friday.

The prestigious individual recognition crowned an unforgettable afternoon for Yusuf, whose second-half goal helped Nigeria dismantle the tournament favourites and secure a place in the Round of 16.

Read Also: Flamingos Stun Defending Champions North Korea 3-1, Storm Into U-17 Women’s World Cup Round of 16 | Sports247 Nigeria

Yusuf struck in the 56th minute to give Nigeria a commanding three-goal advantage, completing a remarkable attacking display against opponents who had scored 12 goals in their opening two group matches.

Oluwakemi Adegbuyi had opened the scoring in the 15th minute before Oluebube Umejiaku doubled Nigeria’s lead in the 38th minute, leaving the defending champions stunned at half-time.

North Korea pulled a goal back through Yu Jong Hyang’s 82nd-minute penalty, but the Flamingos held firm to record a famous victory.

For Yusuf, the individual honour represents another significant moment in a rapidly developing World Cup campaign.

The youngster had already made an impact in Nigeria’s opening 2-1 defeat to Poland, coming off the bench and helping spark a late fightback, before playing her part in the team’s recovery.

Her emergence adds another exciting dimension to coach Akeem Busari’s squad, which has transformed its fortunes after beginning the tournament with defeat.

Nigeria followed that setback with a 2-0 victory over Puerto Rico before producing Friday’s stunning performance against the reigning champions.

Yusuf’s award also means Nigerian players have claimed the Player of the Match prize in consecutive victories, following Adegbuyi’s recognition against Puerto Rico.

With the Flamingos now through to the knockout stage, Yusuf’s growing influence could prove crucial as Nigeria chase a historic first title.

From an impact substitute against Poland to a match-winning star against North Korea, Yusuf is rapidly making her name on the world stage.

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BOI to expand financing for agriculture, healthcare manufacturing in 2027

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The Bank of Industry (BOI) said it will expand financing for agriculture, local healthcare manufacturing and digital businesses in 2027.

The bank stated this as it seeks to consolidate the gains of its 2025–2027 corporate strategy and strengthen Nigeria’s industrial development.

The bank’s Managing Director and Chief Executive Officer, Olasupo Olusi, disclosed the plan on Thursday at a meeting in Lagos, where he outlined the bank’s priorities for the final year of the strategy.

Mr Olusi said BOI would work with the Federal Ministry of Industry, Trade and Investment on the National Industrial Finance Compact to attract more long-term capital into Nigeria’s industrial sector.

He also said the bank would deploy its new European Investment Bank facilities to agriculture and local healthcare manufacturing to increase domestic production of food and medicines.

The funding includes €85 million secured from the European Investment Bank for agriculture and another €50 million for healthcare manufacturing in 2026, as part of more than €2.2 billion in new funding the bank has secured for Nigerian industry since 2024.

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READ ALSO: BOI supports 1.68m jobs as lending rises 26% to ₦644.9 billion

“We will deploy our new European Investment Bank facilities into agriculture and local healthcare manufacturing, so that Nigeria produces more of the food and medicines it consumes,” he said.

The bank also plans to expand its information and communications technology (ICT) and digital economy portfolio through the Investment in Digital and Creative Enterprises (iDICE) programme.

Mr Olusi said the initiatives formed part of the bank’s efforts to consolidate its achievements and meet the targets of its 2025–2027 corporate strategy.

“2027 is the final year of our strategy, and our task is to consolidate and meet every target we set,” the BOI boss, Mr Olusi, said.

BOI said it disbursed N644.9 billion in 2025, reaching 12,501 businesses and supporting 1.68 million jobs.


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