Start-up: these Californian funds that are established in New York

For tech-savvy investment funds, San Francisco is no longer enough. Sequoia, the legendary Silicon Valley fund, will open an office in New York, according to specialist media The information . Known for its long-standing investments in Apple, WhatsApp, Instagram and Airbnb, the fund had already opened a branch in London last year. Its first outside of San Francisco Bay.

The management company isn’t the only one interested in the city that never sleeps. Redpoint Ventures associates work from New York even though the fund did not choose to open an office there, according to US media. Bessemer Ventures has had an office in Manhattan for twenty years.