Meta Veteran and Sequoia Partner Aim to Raise Over $1 Billion for New Firm

A Sequoia Capital partner and Meta’s former revenue chief are launching Ithaca Holdings, a new venture targeting over $1 billion in funding, per insider reports. The firm is co-founded by Ravi Gupta, a Sequoia investor, and John Hegeman, Meta’s ex-Chief Revenue Officer, signaling a high-profile tech and finance collaboration. Plans for the $1 billion-plus raise suggest ambitions for large-scale investments, likely in tech or AI, though specific sectors remain undisclosed. The March 2026 announcement follows a trend of veteran tech leaders pivoting to venture capital, leveraging industry expertise for new opportunities. No details on Ithaca’s focus—quantum, AI, or other emerging tech—have been confirmed, but its scale hints at disruptive potential.