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Coatue Management

Coatue Management

Coatue Management is a global investment manager focused on public and private companies in the technology, media and telecommunications industries.

Overview

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.

History

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

Company
Description
Industry
Website
Location
Chime Bank

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.

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.

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.

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.

Dapper labs is a blockchain and software development company developing blockchain based products and services.

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.

Wolt is a company that provides an online food delivery service

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Associated investment funds

Investment Fund
Total offering (USD)
Total sold (USD)
Location
Date signed
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People

Name
Role
LinkedIn

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

Title
Author
Link
Type
Date

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
Frank Chaparro
April 28, 2021
The Block
Crypto infrastructure firm has raised an $80 million Series B funding round led by Coatue Management.
Anita Ramaswamy
April 22, 2021
Business Insider
The three-year-old hedge fund led by billionaire Dan Sundheim invested heavily in logistics, enterprise software, and e-commerce, to name a few.
Andrii Degeler
April 6, 2021
Tech.eu
The European startup ecosystem has been showing great growth numbers over the past year, which was well documented by ourselves and other organisations that keep track of the numbers. In the first quarter of this year, however, we also noticed a significant number of startups entering the unicorn territory -- a metric that may be showing [...]
AlleyWatch
March 15, 2021
AlleyWatch
The Pulse of New York Tech
Carter Johnson
January 13, 2021
Business Insider
Lending startup Blend is now valued at $3.3 billion and eyeing a wider range of consumer-bank offerings to help traditional players digitize.
Checkout.com
January 12, 2021
www.prnewswire.com:443
/PRNewswire/ -- Checkout.com, a principal fornecedora de soluções de Connected PaymentsTM, anunciou hoje que fechou uma rodada de arrecadação de fundos da série...
Checkout.com
January 12, 2021
www.prnewswire.com:443
/PRNewswire/ -- Checkout.com, the leading Connected PaymentsTM solutions provider, today announced that it closed a $450 million Series C fundraising round....
Checkout.com
January 12, 2021
www.prnewswire.com:443
-- Checkout.com devient ainsi l'entreprise financée par le capital-risque la plus valorisée de la zone EMEA, et la quatrième plus importante fintech au monde....
Checkout.com
January 12, 2021
www.prnewswire.com:443
/PRNewswire/ -- Checkout.com, el principal proveedor de soluciones Connected PaymentsTM, anunció hoy que cerró una ronda de recaudación de fondos serie C de USD...
Checkout.com
January 12, 2021
www.prnewswire.com:443
-- Checkout.com se convierte en la empresa con respaldo de capital de riesgo más valiosa de EMEA y en la cuarta mayor fintech del mundo -- Abre oficinas en...
Bradley Saacks
January 7, 2021
Business Insider
Everyone knows names like Coatue, D1 Capital, and Pershing Square had a banner 2020. Here are some less-known managers who crushed it.
Bradley Saacks
December 22, 2020
Business Insider
Industry watchers should keep an eye on new launches like Emerald Ridge Advisors and under-the-radar managers like Laurion Capital next year.
Alex Morrell and Bradley Saacks
December 9, 2020
Business Insider
Coatue Management, a secretive hedge fund run by the billionaire Philippe Laffont, has had a wave of departures from its vaunted data-science team.
Alex Morrell and Bradley Saacks
December 9, 2020
Business Insider
Coatue Management spent lavishly to build a state-of-the-art data-science group. But it has been wracked by turnover and hostile management.
Shalini Nagarajan
December 3, 2020
markets.businessinsider.com
Coatue Management held 3.1 million Tesla shares at the end of the third quarter, now worth $1.3 billion, the FT said.
Walter Thompson
December 1, 2020
TechCrunch
Competitive advantage will go to the players who understand what truly motivates their customers and connect their pricing to that engine.
AlleyWatch
August 15, 2020
AlleyWatch
The Pulse of New York Tech
Ingrid Lunden
April 16, 2020
TechCrunch
Food-related and delivery tech businesses have been seeing a huge wave of customer demand in the last few weeks as people on lockdown turn to them to buy necessary supplies (see also: the big funding round for meal kit delivery service Gousto announced earlier today). But that rising tide has not lifted all boats. Many [...]
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References

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