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Sequoia Heritage

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Investments

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 9
Average round size
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The average size of a deal this fund participated in
$116M
Portfolio companies 7
Rounds per year 0.69
Lead investments 1
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.22
Exits 1
Key employees Soon

Areas of investment

  • Software
  • Enterprise Software
  • Cloud Computing
  • Human Resources
  • SaaS

Related Funds

Funds investing in previous rounds
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Typical Co-investors
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Funds investing in following rounds
These funds have a tendency to invest in the following rounds after Sequoia Heritage:
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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

PINGPOD

Fitness
$10M16 Mar 2022 New York, New York, United States

Veterinary Emergency Group

Customer Service
Emergency Medicine
Health Care
Pet
Veterinary
$100M22 Sep 2021 White Plains, New York, United States

Wave Mobile Money

Financial Services
FinTech
Mobile Payments
$200M07 Sep 2021 Dakar, Dakar, Senegal

Outside

Advertising
Information Services
Publishing
Social Media
$150M22 Feb 2021 Boulder, Colorado, United States

SmartHR

Cloud Computing
Enterprise Software
Human Resources
SaaS
Software
$56M22 Jul 2019 Chiyoda
News
Sequoia Heritage, Stripe and others invest $200M in African fintech Wave at $1.7B valuation

– Wave, a U.S. and Senegal-based mobile money provider, raised $200m in Series A funding.
– The investment is the largest-ever Series A round for the region, and it values Wave at $1.7bn.
– The round was led by Sequoia Heritage, an endowment-style fund and a separate entity that operates independently under the Sequoia brand; Founders Fund; payments giant Stripe; and Ribbit Capital.
– Other investors include Partech Africa and Sam Altman, the former CEO of Y Combinator and current CEO of OpenAI.

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Total investments 9
Average round size 116M
Rounds per year 0.69
Peak activity year 2021
Lead investments 1
Follow on index 0.22
Exits 1
Group Appearance index 1.00

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

PINGPOD

Fitness
$10M16 Mar 2022 New York, New York, United States

Veterinary Emergency Group

Customer Service
Emergency Medicine
Health Care
Pet
Veterinary
$100M22 Sep 2021 White Plains, New York, United States

Wave Mobile Money

Financial Services
FinTech
Mobile Payments
$200M07 Sep 2021 Dakar, Dakar, Senegal

Outside

Advertising
Information Services
Publishing
Social Media
$150M22 Feb 2021 Boulder, Colorado, United States

SmartHR

Cloud Computing
Enterprise Software
Human Resources
SaaS
Software
$56M22 Jul 2019 Chiyoda
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