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Why one of the world's biggest VC companies may have shut down its Israeli startup fund

Sequoia, a multibillion-dollar venture capital firm and an early investor in the likes of Apple and Google, shut down a dedicated fund for startups in Israel at the end of last month. Sequoia Israel — a Sequoia subsidiary that raised five funds to invest specifically in Israeli startups, with the last two funds in the region of $200 million (£154 million) — was folded into Sequoia's US operation in Silicon Valley.
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