Sequoia invests in potential Tokyo unicorn as it hedges China bets

Funding of Andpad is the first in Japan by US venture capital group

20201009N Sequoia investment

Sequoia believes that business-to-business digital services is prime for growth.

DAISUKE SUZUKI, Nikkei staff writer

TOKYO -- Sequoia Capital will purchase a stake in Tokyo-based construction app startup Andpad, Nikkei has learned, marking the first investment in Japan for the U.S. venture capital group.

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