Coatue Raises $331 Million for Early-Stage Fund, 34% Below Target

Coatue Management has raised $331 million for its third fund focused on early-stage startups, which is a third less than its target and its previous early-stage fund.
This shows that firms that raised large funds during the pandemic investing boom are struggling to meet their fundraising goals or are choosing to raise smaller funds.
Coatue Management had planned to raise $500 million for its third early-stage fund by the end of 2022 and focus on artificial intelligence startups.
The recent filing represents an interim close, and the firm expects to raise additional capital for the fund.
Coatue Management has previously made successful early-stage investments in companies like Figma and Ramp.