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A former Sequoia capital partner who left the Silicon Valley company after a bitter meeting room in the Klarna launched a venture capital based in Great Britain in Great Britain.
Matt Miller has collected money from institutional investors in recent months. According to people who are familiar with the Moves and try to become one of the best-financed solo investors who concentrate on the support European tech start-ups.
According to one of the people familiar with the matter, he has already secured at least $ 355 million from institutional investors, while he is supposed to achieve a final fund size of around $ 400 million, which also includes support from entrepreneurs.
Miller left Sequoia at the beginning of this year, but continues to represent the company in certain boards, according to those who are familiar with the matter. In March, British corporate files show that Miller created a new unit called Evantic Capital. Sequoia takes part in the fund, which are added to the deal with the deal.
Previously, he headed Sequoia’s expansion to Europe and helped him open the company’s London office in 2020 involved in a meeting room in KlarnaThe Swedish Buy-now, Pay-Later group.
Miller joined the board at the beginning of 2024 and initiated a step to remove the chairman of the Klarna and the former Sequoia leader Michael Moritz. The managing partner of Sequoia, Roelof Botha left his post On the Klarna board.
The new London fund in Miller will concentrate on the support of technology start-ups in areas, including artificial intelligence and technology infrastructure in the middle development stages or so-called investments in series B.
The fund will be one of the largest VC companies in Europe, which is operated by a single risk capital, and is also one of the largest new start of the sector in a difficult fundraising market.
Other youngest big starts were the debut of the new European risk capital company Noteus last year, which the Financial Times reported try to raise At least € 600 million to support local start-ups.
Miller came to Sequoia from Goldman Sachs in 2012 and supported start-ups, including DBT Labs, Grafana and UK Chipmaker Graphcore, which was sell Softbank last year.
Europe was generally returned to the United States when it comes to producing leading tech start-ups.
However, the market was harvested by a harvest of relatively new AI companies such as AdorablePresent mistralSynthesia and Deeptl-Sowie the defense tech group Helsing, which has collected donations in multibillion dollars.
Miller and Sequoia rejected a statement.
