San Francisco/New Delhi, July 2 (TIWN) US-based investment firm Sequoia Capital is reportedly raising new funds worth $2.25 billion from potential VCs in the funding winter.

The firm is working on a new $1.5 billion US growth fund focused on more mature companies, reports The Information.

The investment firm is also planning "a $750 million fund focused on earlier-stage deals," and aims to close the new funds this month, the report mentioned, citing sources.

These funds are being called "sub-funds," launched after the firm overhauled the structure for its US and European business.

The new funds come as Sequoia Capital recently told founders that it was expecting a longer economic recovery.

"With the cost of capital (both debt and equity) rising, the market is signalling a strong preference for companies who can generate cash today," according to the VC firm.

Last month, Sequoia India and Southeast Asia raised $2.85 billion across a set of funds, including a $2 billion early-stage, venture and growth fund for India and an $850 million Southeast Asian fund, to help founders build companies from idea to IPO and beyond.