Sequoia, a multibillion-dollar venture capital firm and an early investor in the likes of Apple and Google, has shut down a dedicated investment fund for Israeli startups, according to local news site Calacist (via news aggregator No Camels) and multiple sources.

Sequoia Israel — which raised five funds to invest specifically in Israeli startups, with the last two funds in the region of $200 million (£154 million) — will be folded into Sequoia’s US operation in Silicon Valley. That means Sequoia will continue to back startups in Israel but investments will be made out of Sequoia’s global fund as opposed to a fund operated out of Israel.