Solutions Ecosystems Reports Resources Data Pricing Login Book a demo
Investor profile

Section 32

Venture capital firm · Founded 2017 · Active in 2026

Section 32 is a venture capital firm based in USA, founded in 2017. The page below shows 35 Power Law outcomes from Section 32's portfolio — 33 unicorns ($1B+ valuation) and 0 additional thoroughbreds (companies that crossed $100M+ in revenue without yet reaching $1B+ valuation).

Outcomes are concentrated in Biotech & Life Sciences · Health Tech & Medtech · Fintech; top portfolio geographies are USA · Canada · UAE. Section 32 ranks #458 in Global in the 2026 Dealroom Power Law Investor Ranking by cross-stage outcomes.

35 Power Law outcomes Power Law Ranking #458 · Global · 35 Power Law outcomes · Active 2026
Unicorns ↑ 22% 5y
33
Decacorns ↓ 25% 5y
3
Thoroughbreds ↑ 23% 5y
18
01 · Exits

Sequoia’s biggest exits.

Sequoia portfolio companies worth $1B+ that have IPO’d or been acquired. Each shows its valuation at exit and, in grey, its current value if still public.

IPO · 1999
Entered SeedNow $5.2T
IPO · 2004
Entered Series ANow $4.6T
IPO · 1980
Now $4.5T
IPO · 2014
Entered Series B+Now $306B
$214B IPO · 2021
Entered Series B+Now $20.1B
IPO · 2012
Entered Series ANow $207B
$82.0B IPO · 2019
Now $153B
IPO · 2012
Entered Series B+Now $103B
$95.0B IPO · 2020
Entered SeedNow $69.1B
$93.9B IPO · 2020
Entered Series B+Now $58.4B
$24.0B IPO · 2018
Entered Series B+Now $73.3B
$39.0B IPO · 2020
Entered Series ANow $67.6B
$32.0B IPO · 2021
Entered Series B+Now $67.5B
$41.5B IPO · 2021
Entered SeedNow $64.4B
$60.0B IPO · 2021
Entered Series B+Now $28.0B
$55.5B IPO · 2026
Entered Series B+Now $55.5B
$52.8B IPO · 2018
Entered Series ANow $49.6B
IPO · 2013
Now $45.0B
IPO · 2015
Entered Series B+Now $39.4B
IPO · 2002
Entered SeedNow $39.1B
$32.0B acquisition · 2025
Entered Seed
$12.0B IPO · 2021
Entered Series B+Now $29.5B
IPO · 2014
Entered Series B+Now $28.6B
IPO · 2015
Entered Series ANow $28.2B
03 · Portfolio analysis

The 35 Section 32 Power Law outcomes ($100M+ revenue or $1B+ valuation).

Snapshot of where the outcomes are concentrated by country, sector, and stage entered.

By countryCount
  1. USA33
  2. Canada1
  3. UAE1
By sectorCount
  1. Biotech & Life Sciences16
  2. Health Tech & Medtech4
  3. Fintech4
  4. AI3
  5. Cybersecurity3
  6. Transportation2
  7. Food1
  8. Other1
  9. Other B2B Software1
By stage enteredCount
  1. Series B+27
  2. Series A6
Estimated holdings

Section 32’s biggest current holdings.

An estimate of Section 32’s largest live positions — disclosed shareholding × Dealroom’s latest valuation — across 4 companies where Section 32 is a named shareholder, worth about $796M in estimated equity value.

#CompanyEst. stakeValuationEst. value
  1. 1 SandboxAQSecurity · Unicorn 6% $5.8B $345M
  2. 2 CohereEnterprise Software · Decacorn 1.5% $20.0B $300M
  3. 3 DialpadEnterprise Software · Unicorn 5.5% $2.2B $121M
  4. 4 FreenomeHealth · Unicorn 2% $1.5B $30M

Estimated value = Section 32’s disclosed ownership % × Dealroom’s latest company valuation; direct named stakes only, exited positions excluded. Figures are indicative, not reported marks. See the underlying cap tables on Dealroom →

Section 32’s biggest exits.

Section 32 portfolio companies worth $1B+ that have IPO’d or been acquired. Each shows its valuation at exit and, in grey, its current value if still public.

$6.6B IPO · 2019
Entered Series B+Now $164B
$73.6B IPO · 2021
Entered Series B+Now $46.0B
$15.7B IPO · 2019
Entered Series B+Now $23.4B
$11.0B IPO · 2021
Entered Series B+Now $12.7B
IPO · 2013
Entered Series B+Now $5.3B
$1.7B IPO · 2020
Entered Series B+Now $3.7B
$3.5B IPO · 2021
Now $150M
$3.4B acquisition · 2019
Entered Series B+
$45M IPO · 2022
Entered Series ANow $3.0B
$1.7B IPO · 2021
Entered Series B+Now $2.5B
$1.7B IPO · 2020
Entered Series B+Now $2.3B
$2.2B IPO · 2019
Entered Series B+Now $1.2B
$2.2B acquisition · 2020
Entered Series A
$2.0B IPO · 2021
Entered Series B+Now $2.0B
$1.9B acquisition · 2018
Entered Series B+
$1.8B IPO · 2025
Entered Series B+Now $1.8B
$1.5B IPO · 2019
Entered Series ANow $61M
$1.3B IPO · 2019
Entered Series B+Now $75M
04 · Portfolio market map

Section 32's 35 Power Law outcomes.

Stage entered
Outcome tier
Region
Group by
35 of 35 Power Law outcomes
05 · Power Law comparison

How does Section 32 stack up?

Section 32 in orange, your selection in blue and other colours. Pick from the global roster of 609 peer investors — scope by startup location or hit "Find similar shapes" to auto-pick the three closest. The funnel matrix mirrors the spider chart on the ranking page; the line chart shows each firm's share of unicorns minted in the selected startup location — peaks reveal vintage years.

Compare against

Share of new unicorns per year

% of global unicorns minted that year, year by year · hover the chart to see which unicorns
Performance window All-time → 2026

Stage focus

Companies by selected outcome stage

Sector focus

Companies per investor across the 10 highest-volume sectors

Beyond Unicorns — how the portfolio compounds

% of each investor's unicorn portfolio that later crossed $10B, $25B and $50B. Pick a sort tier and entry stage.
Sort by
Entry stage
Source: Dealroom Power Law dataset. Investors shown are the 2026 Power Law top 35 by combined entry-to-outcome score, drawn from the overview and locations_data sheets. Funnel-matrix axes rescale per-axis using the maximum among the currently selected investors, so the polygons always fill the chart for shape comparison.
06 · Portfolio founders

Where Sequoia's portfolio founders come from — and where they studied.

101 founders across the 35 Power Law outcomes — split by country of origin, university attended, and the company they worked at before founding. Stanford University and Alphabet | Google are the deepest single pipelines.

LocationCount
United States44
Italy7
Canada5
Taiwan4
New Zealand3
United Kingdom2
Germany2
Pakistan2
South Africa2
Russia1
+2 more →
UniversityCount
Stanford University7
University of Cambridge5
Berkeley5
Duke University4
Wharton School of the University of Pennsylvania4
University of Pisa3
Massachusetts Institute of Technology3
University of Pennsylvania3
Sant'Anna School of Advanced Studies2
University of Oxford2
+39 more →
Origin companyCount
Alphabet | Google11
Yahoo!5
Meta4
Microsoft2
Rubicon2
Apple2
Salesforce2
GoHealth1
Tesla1
Cadre1
+17 more →
Origin = country a founder is born in or grew up in (founders may have multiple origins; counts include all entries). University = highest-listed degree. Origin company = a previous employer where the founder was tagged before starting their current company.

Market sentiment

What the market is saying about Section 32

An AI-synthesized read of the highest-engagement posts about Section 32 on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

In the news

Latest news about Section 32

Recent press, funding announcements, and portfolio moves mentioning Section 32 — pulled live from Dealroom's news feed.

See all news

Want the full picture on Section 32?

The Dealroom platform tracks every round, every co-investor, and every portfolio company in real time — across 25,000+ investors and 3M+ companies globally.