The former Sikoya partner, Matt Miller, uses $ 355 million for a new box – with the support of Sikoya

Former Sikoya partner Matt Miller has already closed $ 355 million for the new VC, ConfinedAlso supported by Sequoia, learned Techcrunch.

Last December, Miller announced His departure from Sikoya Twelve years after “starting), his own box focused on the great founders in Europe.”

Despite the European concentration, the understanding of Techcrunch is that Ivantic will actually invest on both sides of the Atlantic Ocean, focusing on B2B companies in stages B and stages of growth. However, its activities will be made from London, where Miller moved from California in 2021.

Before moving to the United Kingdom, Miller had already led Sikoya’s expansion in Europe and eventually joined the European Sikoya office in London, where he was working side by side Local rental, Luciana LixandroWho remains there.

On Monday, Sekoya refused to comment on Miller or the new box.

Miller donations have exceeded expectations. Initial reports indicated that Miller was 300 million dollars collected For this new project. Sources close to the matter now support The latest Financial Times report The goal is $ 400 million and that Sequoia is participating as a limited partner. Techcrunk has communicated with Sequoia to confirm.

Specifically, the new Miller company received $ 350 million from external sources, according to the American organizational file; Ivantic has also received $ 5 million of internal obligations, and it is about to close the remaining $ 45 million of the founders and members of others in the ecosystem to start operating.

Miller’s departure appears primarily from the failed power of the Claric wallet company. It was not long before he announced his release, and according to what Miller tried and failed to overthrow Former colleague Michael Moritz from the Buy-Pay-Later Board of Directors. Sikoya shortly after I apologize To support the attempt and gave the seat of Miller’s board of directors to another partner.

At the same time, the broader tensions were visible in Sikoya on partner Sean Maguire, whose opinions have proven to be internally disagree and among the founders of the governor. The founder of Wunderlist, Christian Riber, one of the first founding founders of Sequoia in Europe, Express his dispute Again in January with Maguire on the German extremist right party earlier this year. Miller and Lixandru also We distance themselves From the views of Maguire, which has since it has More controversial comments.

Despite the klarana incident, Miller seems to maintain good relationships fading, as it is clear from the company’s participation as LP in its new project. Miller also remains a partner in Sikoya and continues to represent the company in many boards.

During his time in Sequoia, Miller worked closely with companies including Confluent, DBT Labs, Docker, Grafana, Graphcore, Hex and Tessian. He also interfered with the Sikoya employee long ago Spencer Heimville, who left before Miller and now said IVANTIC’s financial manager.

While technically an American fund, Ivantant will now join the ranks of the project companies across the Atlantic including Index Ventures and Northzone, which he said was it “Double Transatlantic.” It will also be similar in size with $ 348 million The Norsken Foundation, which was established by the founder of Klarna, is investing in European startups that use “AI for good”.