Coatue is raising $1B for AI bets

Here’s a summary of the relevant information from the provided text:

Funds and Investors

• Fund: Coatue Management’s flagship fund
• Amount Raising: $1 billion
• Investors:
  • Primarily institutional investors
  • High-net-worth individuals via Raymond James & Associates

Startups Backed

• Total Startups in 2024: 29
• Latest AI-focused investments:
  • Glean
  • Scale AI
  • Skild AI

Founders

• Founder: Philippe Laffont

Fundraise Series

• Current Fundraising Round: Seeking $1 billion for AI-focused investments

Dates

• Recent Fundraising Announcement Date: November 4, 2024
• Investment Activity:
  • 2021: Invested in over 170 VC-backed companies
  • 2022: Backed 81 companies
  • 2023: Backed about 30 companies
  • 2024 (to date): Backed 29 companies

This summarization includes key details about the fund, investors, startups, founders, fundraising series, and relevant dates.

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2024-11-05 00:52:54