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.
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.
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.
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.
ScaleFactor is an Austin, Texas-based SaaS company offering services in bookkeeping and accounting.
Snapchat, a product of Snap Inc., is a free image messaging application and augmented reality platform.
PlayVS is a company providing a platform for e-sports competitions for high school students.
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.
Boost Insurance is a New York-based insurance technology and infrastructure-as-a-service company founded in 2017.
A technology company offering software development security platform using open source code.
GitLab is a web-based open source Git repository manager and collaboration platform with wiki and issue tracking features and built-in CI/CD.
A company developing electric vehicles and technology.
An artificial intelligence company making an API for validating and training data for applications.
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.
An insurance technology company offering car insurance.
Reddit is an online platform for social news. It allows communities to submit links, create content, and discuss any topic of their interest.
Deep Instinct is a Tel Aviv and New York City-based cybersecurity company that applies deep learning to cybersecurity.
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
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