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One of the world's biggest venture capital companies has shut down its Israeli fund

Sequoia, a multibillion-dollar venture capital firm and an early investor in the likes of Apple and Google, has shut down a dedicated investment fund for Israeli startups, according to local news site Calacist (via news aggregator No Camels) and multiple sources. Sequoia Israel — which raised five funds to invest specifically in Israeli startups, with the last two funds in the region of $200 million (£154 million) — will be folded into Sequoia's US operation in Silicon Valley.
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