Citizen, which has previously raised about $133 million from backers including Peter Thiel’s Founders Fund, has over 9 million users and operates in 60 cities across the US, according to its website. The app allows users to live-stream crimes and access reports from 911 calls.
Sequoia had been among Citizen’s first and largest backers, appointing partner Mike Vernal to the app’s board. Vernal is said to have resigned earlier this month after management had proposed a deal to raise new funds and recapitalize the business.
Sequoia declined the Financial Times’s request to comment, while Citizen didn’t respond.