
Sequoia India and Southeast Asia is broadening the range of its check size for the Surge program as the storied venture firm attempts to make its seed investments more “relevant for a larger set of founders,” it said Thursday.
The venture firm’s check size for the three-year-old Surge program, which previously made $1 million to $2 million investments in early-stage startups in the region, will now go up to $3 million, it said. There’s also no floor size to the investment range, which can start from $300,000 or less, the firm said.
The move comes as the firm, the most powerful and influential venture investor, realizes that some of the early-stage startups it backs through the Surge program need more capita …