Sequoia Capital has raised $6 billion to take on Softbank. It's the largest fund in Silicon Valley's history. : For months, prominent Silicon Valley-based venture firm Sequoia Capital has been quietly amassing a multi-billion dollar fortune to take on global competitors — primarily, the Japanese funding conglomerate Softbank. Now, the Financial Times reports that Sequoia has closed its first fundraising efforts for its new fund at $6 billion and has plans to take in $2 billion more in upcoming months.