Coatue Management is a privately owned hedge fund sponsor led by its founder and portfolio manager Philippe Laffont. The fund was founded in 1999 and is headquartered in New York City. The firm invests in the public equity markets globally focusing on investments in technology, media, telecommunications, and the health sectors. It employs a long and short strategy to make its investments. It was reported in May of 2020 that the fund had roughly $25 billion in assets under its management.
Coatue Management was founded by Philippe Laffont, an MIT computer science graduate who worked as an independent consultant and a research analyst prior to founding the hedge fund.
Coatue launched its first hedge fund in 1999 with $45 million in capital funding. The original fund remained operational under the management of Coatue as of January 2021. Additionally, Coatue manages various other funds, including:
- Long Only (2013)
- Hybrid Fund I (2013)
- Private Fund II (2015)
- Kona III (2017)
- Early Stage Fund (2018)
- Growth Fund IV (2019)
- Opportunity Master Fund (2020)
- Transportation Fund (2020)
Various investments have been made by Coatue Management; some that were notable include Airtable, Ant Financial, Anaplan, ByteDance, Chime, Databricks, DoorDash, Instacart, Meituan, Snap, and Spotify.
Timeline
Funded Companies
A bank offering online banking services with no user no bank fees, and an option to receive direct deposit up to two days early. Chris Britt and Ryan King founded Chime in 2013, and the company is headquartered in San Francisco, California.
Snapchat, a product of Snap Inc., is a free image messaging application and augmented reality platform.
Impossible Foods is a plant-based meat company making meat and dairy products that are made to look and feel like animal products by manufacturing heme, the oxygen binding molecule found in blood, using engineered yeast grown in bioreactors.
UiPath is a software company designing and developing robotic process automation software.
AppZen is a San Jose-based company that provides an AI-based auditing platform for finance teams.
OpenDoor is a San Francisco-based real estate technology company offering virtual and streamlined real estate buying and selling founded in 2014 by Keith Rabois, Eric Wu, JD Ross and Ian Wong.
A company offering an analytics platform for business, data science, and data engineering. It was founded in 2013 and is located in San Francisco, California.
ScaleFactor is an Austin, Texas-based SaaS company offering services in bookkeeping and accounting.
PlayVS is a company providing a platform for e-sports competitions for high school students.
Instacart is an internet-based grocery delivery service company.
Gong.io is a conversation analytics and salesforce training platform company.
A company offering an online platform for collaborative design in team environments.
A company developing a cloud-based collaboration platform for professional teams to build software specific to their line of work or particular project. It was founded in 2013 and is located in San Francisco, California.
Agora.io is a developer platform that provides broadcast, voice and video calls for mobile and web applications through their software development kit.
HotelTonight is a London-based company.
A technology company offering software development security platform using open source code.
Boost Insurance is a New York-based insurance technology and infrastructure-as-a-service company founded in 2017.
GitLab is a web-based open source Git repository manager and collaboration platform with wiki and issue tracking features and built-in CI/CD.
An artificial intelligence company making an API for validating and training data for applications.
Dapper labs is a blockchain and software development company developing blockchain based products and services.
A company developing electric vehicles and technology.
Auris Health (formerly Auris Surgical Robots) is a robotic medical company. Auris develops flexible robotics that allow for less invasive entry into the body through its natural openings. It is located in Redwood City, California and was founded in 2007.
Swiggy is a food ordering and delivery company providing food service solutions for restaurants.
Wolt is a company that provides an online food delivery service
An insurance technology company offering car insurance.
Associated investment funds
People
Alexander Izydorczyk
Head of Data Science
Andy Chen
Partner
Bennet Siegel
Vice President
Caryn Marooney
General Partners
Jamie McGurk
Managing Partner
Kai Jiang
Managing Director
Kris Fredrickson
Partner
Long Cao
Software Engineer
Matt Mulvey
Investor
Michael Gilroy
General Partner
Omar Jalalzada
Senior Product Designer
Philippe Laffont
Founder and Portfolio Manager
Thomas Laffont
Senior Managing Director and Co-Founder
Further reading
Documentaries, videos and podcasts
Companies
News
References
Company attributes
Venture Capital Firm attributes
Other attributes
Categories
Related Topics
Contributors
- 1
Erin Scherfner
loading information... - 2
Aleksander Holm
Interested in understanding the world we live in. - 3
Jed Christiansen
Special Projects & Business Development at Golden, Founder - Seed-DB. - 4
Neelam Jhaveri
Techno Geek + Gamer + Fashionista + Sense of Humor = It's ME - 5
Amy Tomlinson Gayle
QA Editor based in Austin, TX - 6
Charlie Hilton
Learning... - 7
Joseph Burns
My name is Joe Burns. I love technology, sports and writing! - 8
Carla Faraguna
Golden People and Operations. - 9
Jude Gomila
Founder and CEO of Golden, Entrepreneur. Investor in 200+ companies. Cantabrigian (Gonville and Caius). Interested in the Universe.