Sequoia partner and ex-Meta CRO raising $1B+ to build AI-powered holding company

Sequoia Capital partner Ravi Gupta and former Meta Chief Revenue Officer John Hegeman are raising more than $1 billion to launch a holding company that will acquire at least one existing firm and integrate new technology into its operations. The venture represents an unusual model in tech. rather than building from scratch or making passive investments, Gupta and Hegeman plan to buy established companies and upgrade them with AI and modern tech infrastructure. The holding company structure suggests they're looking at operational businesses, not startups. Gupta brings deep venture capital experience from Sequoia, one of Silicon Valley's most influential firms, while Hegeman ran Meta's massive advertising revenue machine. Together, the pair combines capital allocation expertise with hands-on experience scaling tech-driven revenue operations at the largest scale. The fundraise is being reported by Bloomberg, with sources indicating the pair is actively seeking capital commitments from institutional investors.