A group of 18 investors including Sequoia Capital, crypto exchange Binance and asset management firm Fidelity are backing Elon Musk’s bid for Twitter, the billionaire revealed in a filing Thursday. Musk said he has raised about $7.1 billion in total from the investors. Notably, no investor has put in more than $1 billion and PE firms are still MIA.
American business magnate Lawrence J. Ellison’s firm has provided the largest backing with $1 billion. Sequoia has chipped in $800 million, VyCapital $700 million, and Binance financed $500 million, Musk revealed in an amended 13D filing.
