Venture Capital/News/ Sequoia launches accelerator programme in Europe and US Partner Luciana Lixandru will lead the new programme in Europe By Sifted reporters 21 March 2022 Jess Lee, the accelerator's US lead, and Luciana Lixandru, Europe lead Jess Lee, the accelerator's US lead, and Luciana Lixandru, Europe lead \Venture Capital 9 European training programmes for wannabe VCs By Selin Bucak 21 February 2023 Venture Capital/News/ Sequoia launches accelerator programme in Europe and US Partner Luciana Lixandru will lead the new programme in Europe By Sifted reporters 21 March 2022 US VC giant Sequoia has launched an accelerator programme in Europe for seed-stage companies. It’s yet another sign that VCs are trying to connect with companies earlier than ever as competition for the best deals heats up. The roughly 15 seed-stage companies selected will go through an eight-week programme to learn the basics of company building from other founders and operators. They will also receive a $1m investment from Sequoia. Applications for the first European cohort opened today and will close on April 8. The programme will start on May 23 and be led by partner Luciana Lixandru. The first US cohort will be selected later this year. A seat at the table The announcement comes as VCs across Europe try to find ways to build relationships with companies at earlier and earlier stages in the hope of getting a “seat at the cap table” later on. The trend has played out notably in the explosion of angel and scout programmes across Europe. Sequoia has run a scout programme in Europe since 2020 — and enlisted an all-star squad, including Station F’s director Roxanne Varza, who are each given $100k to invest in pre-seed and seed-stage startups. Sequoia pioneered the scout approach in the US, so the announcement of this accelerator programme will likely make rival VCs pay attention. There are other VCs in Europe that have accelerator programmes. Last year, SoftBank launched the European version of its accelerator programme for founders from underrepresented backgrounds. Participants in SoftBank’s programme have access to educational content and also receive investment. Accel, Atomico, Hedosophia and Lakestar are other prominent VCs with angel or scout programmes. Visits to Klarna HQ In response to questions from Sifted, Lixandru said that the Europe programme would be tailored to “the unique demands of company building in Europe” and that the firm was broadly “interested in companies in the fintech, enterprise or consumer space”. The Europe-specific curriculum will include a visit to Europe’s most valuable private company, Klarna, and time with founder Sebastian Siemiatkowski, chief expansion officer Camilla Giesecke, chief marketing officer David Sandstrom and chief product officer David Fock. Sequoia invested in Klarna in 2010. Sequoia isn’t committing to follow on investing after writing the initial $1m cheque — although the programme will involve introductions to the Sequoia network and “trusted seed investors”. Lixandru said she hopes that the initial capital “gives [founders] the runway to focus on learning the techniques to start, build and scale an enduring company, rather than the distraction of fundraising”. Regarding the diversity of applicants and participants, Lixandru noted that “representation in the application screeners is one important way to ensure diversity in each cohort,” citing the fact that two women — herself in Europe and Jess Lee in the US — would be leading the programme. “It is important that we continue backing founders who have historically lacked access to capital. The open application is an opportunity for seed-stage founders from all walks of life to apply to participate in this programme. “ Related Articles Rich Europeans need to invest 10% of their money into tech and stop buying stupid stuff like hotels By Maija Palmer Click here to read more Are these Italy’s soonicorns? By Amy O'Brien Click here to read more 2021 top year for startups in the Nordics — but not for female founders By Mimi Billing Click here to read more Are VCs looking for love in all the wrong places? By Eanna Kelly and Amelie Bahr Click here to read more Most Read 1 \Healthtech Is Daniel Ek’s new body scanner worth the hype? Sifted tried it out 2 \Venture Capital VC diversity needs to change — and white men need to take responsibility 3 \Venture Capital New €3.75bn European Investment Fund pot to back late-stage VCs 4 \Sustainability Counteract closes £15m fund for carbon removal solutions 5 \Mobility Was the $5bn that VCs plugged into escooters worth it?