Sequoia to close London office, cut Europe team

Sequoia Capital is closing its European office in London after six years, the firm revealed in an X article. The decision to shut down the office comes with several team members facing potential job losses. Maya Dharampal-Hornby, a reporter based in London, is tasked with covering UK tech for Sifted. Anne Sraders, another senior reporter based in Berlin, specializes in the VC industry and deeptech startups.

Sraders also produces Sifted's weekly VC newsletter, Up Round. Despite the closure, deeptech VCs continue to show an increased interest in Europe's early-stage cheques, with four investors sharing their insights on the challenges they face.