Sequoia’s Matt Miller is exiting the company after making headlines earlier this year

The writing was on the wall, it seemed.

Sequoia Capital partner Matt Miller he announced Wednesday that he is leaving the powerful outfit after 12 years of work to build his new company that focuses on startups in Europe. He said he would remain a partner of Sequoia and keep his seats and fulfill “what is to come.”

London-based VCs like Saul Klein, Tom Hulme, Mattias Ljungman, and Miller’s partner, Luciana Lixandru, thanked Miller, who moved to the city in 2021 to lead Sequoia’s growth in Europe.

However, few will be surprised by Miller’s news – not least after a spat earlier in the year with former partner Michael Moritz, who Miller allegedly tried and failed to oust from fintech group Klarna almost immediately before his death. to join. Sequoia later he apologized in support of the move, Miller was replaced by another Sequoia investor, Andrew Reed.