ChainCatcher news, hedge fund Coatue Management plans to raise $1 billion to increase investments in artificial intelligence and technological innovation. It is reported that this is the first time in several years that the company is seeking to raise funds for its flagship fund.Coatue Management is a New York-based hedge fund focused on technology companies. It led the $300 million Series C funding round for OpenSea, and its portfolio in the crypto space includes: blockchain security company CertiK, Bitcoin mining company Hut 8, crypto payment platform MoonPay, and crypto analytics platform Dune Analytics, among others.

ChainCatcher news, according to The Information, the latest fund under New York-based investment firm Coatue Management has completed fundraising of $331 million, which is 34% lower than the target amount. Coatue Management has previously invested in crypto startups such as MoonPay, Chainalysis, and Fireblocks. Last year, three general partners of Coatue Management left the firm, including Luca Schmid, who led some of the company's notable crypto and fintech investments.

According to Chain Catcher, The Information reported that Matt Mazzeo, a general partner at Coatue Management, has left the company and is preparing to establish a new investment fund focused on early-stage startups. According to his LinkedIn profile, Mazzeo has been a general partner at Coatue since January 2018. Previously, Mazzeo served as managing director at Chris Sacca's Lowercase Capital. Notable investments by Mazzeo include OpenSea, Medium, and Airtable.Coatue Management is a hedge fund based in New York that focuses on technology companies and has made high-profile bets in the crypto space in recent months. Coatue led a $300 million Series C funding round for OpenSea earlier this year and participated in Dapper Labs' $725 million ecosystem fund launched in May. (Source link)