Sequoia Capital partner Luciana Lixandru turned heads when she said the VC firm was expanding its team in Europe at the Sifted Summit in October, but the fund’s also got a sizeable presence on the ground in the region through its scout network.
Quietly launched in Europe in 2020, Sequoia’s global scout programme has been going since 2009, investing in more than 1,000 startups, including Airbnb, Dropbox, Stripe and Canva, according to the firm.
Scouts are typically allotted a small pool of capital between $100k-1m, writing cheques between $25k-100k via SAFEs or convertible notes.
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