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Michael Gilroy , a former head of fintech investments at Coatue , and Gokul Rajaram , a longtime tech executive and prolific angel investor , are forming a yet - to - be - named speculation firm and project to begin fundraise toward a $ 400 million to $ 500 million entry fund early next year , Bloomberg account .
The firm will empower in U.S.-based former - microscope stage fintech and software startups .
While at Coatue , Gilroy place in fintech company , let in Arta Finance , Melio Solution , Pinwheel , and Mercury . Prior to joining the hedge fund in 2019 , he spent over five year as a married person at Canaan . According to PitchBook data , Rajaram has backed over 285 startups , including companies where he serves as a add-in member : Coinbase , Pinterest , and Trade Desk .
Gilroy is not the only former Coatue investor preparation to set up his own firm .
The Wall Street Journal reportedlast week that Kris Fredrickson , an investor with Coatue ’s growth squad , aims to raise about $ 150 million for the debut stock of his fresh business firm , Verified Capital .
Fredrickson leave Coatue in 2022 , harmonize to his LinkedIn visibility . At Coatue , he was the lead married person in investments in Chainalysis , Instacart , and Root Insurance , according to PitchBook datum .
