Coatue Management's former Fintech Chief Launches New Fund, Seeks to Raise $500 Million

BlockBeats News, November 23rd, according to Bloomberg citing sources familiar with the matter, Michael Gilroy, former FinTech lead at the cryptocurrency-friendly investment firm Coatue Management, is reportedly teaming up with Coinbase current board member Gokul Rajaram to launch a new venture capital firm, aiming to raise $500 million for its debut fund. The duo is in discussions with anchor investors for the funding, which is not expected to kick off until 2025. While Michael Gilroy has not yet disclosed the name of the new venture capital firm, it will focus on investing in early-stage U.S. financial technology and software companies.