Venture capital fund · 6 deals
New York
Every published round Coatue took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
Companies Coatue has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Firmus Technologies | GPU-powered AI cloud and scalable compute infrastructure | Feb 2026, Venture debt | 3 | 2 |
| Linktree | 26 Mar 2021, Series B | 2 | 2 | |
| Sumble | 24 Oct 2025, Seed | 1 | 1 |
Fund closes reported for Coatue, as distinct from the investments it has made.
Companies Coatue has backed that another company then bought. An exit for the holding, not a deal Coatue did.
| Name | Role | Sources |
|---|---|---|
| Dan Rose | Chairman | SmartCompany, TechCrunch Australia, Startup Daily |
| Dan Rose | Chair | SmartCompany |
| Robert Yin | Head of AI Infrastructure | SmartCompany, Startup Daily |
| Robert Yin | General Partner | Business News Australia, Startup Daily |
Stories naming Coatue. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Weekly digest: Firmus withdraws its planned listing, Square Peg reaches a billion-dollar close on two vehicles, MUFG clears regulators to buy Grow Inc, and Lubdub, RocketDNA, Energy Bay and Metal all raise.
Australian Nvidia-backed data centre operator Firmus abandoned its planned US$5 billion IPO citing market conditions, and will instead pursue private capital; investors were reportedly sceptical of its valuation and debt.
The data centre company's planned multibillion-dollar sharemarket debut is struggling, with institutional investors rejecting the initial share price and bankers reportedly cutting the offer price to prevent the float collapsing.
Also The Age Business
Weekly roundup: Firmus completes its $2.85b round; Procore acquires DroneDeploy; Atlassian rebounds while Canva cuts guidance; plus fresh raises for Zabidou, BioScout, Vexev, Enrola, Spacetalk and others.
Roundup of four Australian raises: Firmus Technologies' US$2 billion round at a $15 billion valuation, Eudaemon's $3.75 million, Zabidou's $3.5 million seed round, and Rampart's $2.3 million.
Firmus has secured a further US$2bn at a $15bn valuation from Coatue, Nvidia, Blackstone and Jane Street, taking its 12-month capital intake past US$3bn to fund Australian AI data centre projects.
Also SmartCompany·SmartCompany·AFR Technology·Business News Australia·This Week in Australian Startups·Techmeme·Cut Through Venture·AFR Technology·SmartCompany·Startup Daily·Startup Daily·Startup Daily·Startup Daily·iTnews·Forbes Australia·DealStreetAsia·Forbes Australia·Mirage News·SMH Business·ABC News Technology·The Age Business
Rampersand's April newsletter: an essay on AI services startups, model releases from Anthropic and Meta, Firmus Technologies' $505 million raise, Dexibit's sale to accesso, plus portfolio jobs, events and market commentary.
Also Dealroom·Cut Through Venture·Startup Daily·SmartCompany·SmartCompany·Forbes Australia·Business News Australia
Firmus, an Australian builder of AI data centres, has banked $505 million from Coatue and Nvidia at a $5.5 billion valuation, with a $10 billion debt facility already secured and a sharemarket float planned.
Crunchbase's 2026 forecast lists fifteen late-stage companies it deems probable or very likely IPO candidates, profiling each with past raises, valuations and secondary sales; Australia's Canva makes the list.
Roundup of a quiet funding week: Melbourne workforce-platform maker 2cloudnine banked over $7.5m, algae-ingredient maker SeaStock $740,000 from government accelerator FaBA, while San Francisco's Sumble emerged with $59m.
Also Startup Daily
Eleven companies reached billion-dollar valuations in April 2024, led by Xaira Therapeutics' $1 billion Series A; Rubrik and Ibotta listed on the NYSE, and several existing unicorns raised at higher valuations.
Also Crunchbase News
Birchal's co-founder and CEO argues in an opinion piece that letting customers invest alongside venture backers builds loyalty, pointing to past raises by Replit, Zero Co and Thriday as examples.
Jessica Box reflects on leadership lessons from her years in senior product roles during Linktree's rapid growth, covering culture, organisational systems and market moats, before leaving to found her own startup.
Ignition Lane's weekly roundup covers Linktree's unicorn raise, several Australian funding rounds, Tiger and Insight's new mega-funds, falling SaaS valuations, the ACCC's action against Meta, and new accelerator and product launches.
Australian link-in-bio firm Linktree has raised $110m as an extension of its Series B, with Index Ventures and Coatue leading at a $1.3bn valuation. It also named a new president and bought Songlink/Odelski.
Square announced plans to acquire Melbourne-based buy now, pay later provider Afterpay in an all-stock deal, and the piece surveys the BNPL sector's backers, competitors and growth forecasts.
Cut Through Venture's debut quarterly newsletter rounds up Q1 2021 raises across Australian and New Zealand startups, highlighting crowdfunding, fintech dominance, active investors, and two newly launched startups currently seeking backers.
Daily briefing reporting Sequoia Capital India closing a $195 million seed fund, plus new funding rounds for Nuro, Greenwood, Linktree and Morphisec with their investors named.
Also Startup Daily·SmartCompany·TechCrunch Venture·Cut Through Venture·SmartCompany·Startup Daily·Startup Daily·Startup Daily·Startup Daily·Startup Daily·TechCrunch Venture
Roundup covering Afterpay's eBay partnership and Coatue's $200m placement, Bay City Labs appointing a head of growth, a NASA executive keynoting StartCon, and 1Password's US$200m Series A.
Also Crunchbase News