Coatue is a technology investment platform managing over $20bn in assets. The firm operates venture, growth, and public funds to back global entrepreneurs.
Kris brings venture capital and operating experience, having previously worked as a managing partner at Coatue Management, a principal at Benchmark, and a co-founder of Curology. He now serves as founder at Verified Capital.
Thomas is a co-founder of Coatue Management. He holds board seats and observation roles across several technology companies including OneTrust and Weights & Biases.
The financing round was led by Atomico and will support product development for Windows and iOS.
"Thomas and Petr have built an incredible product that solves a crucial problem not only beautifully, but also effectively with a thriving open-source community of developers at its heart. Raycast provides users with virtually limitless opportunities to build a highly personalised productivity platform tailored to their unique workflows. I personally find it indispensable for my daily work. This is further underscored by the remarkable results of our in-depth user research during due diligence, where a staggering 98% of respondents reported a significant increase in their Raycast usage over the past six months."
The London-based unicorn has appointed Prem Akkaraju as chief executive alongside its latest financing.
"Stability AI is the backbone of the visual AI ecosystem. The Company’s world-class team, breakthrough models, and unique developer network attracted me to take on the CEO role. We will continue to release the most cutting-edge open models for the community while meeting the overwhelming demand for AI solutions from large-scale corporations. Additionally, Stability AI is now in an ideal position to spearhead the real convergence of generative AI and studio content."
The London-based financial modelling startup has raised $20m from Coatue, Accel, and prominent angel investors to scale its team and product.
"Despite being used every day across the globe, spreadsheets haven't fundamentally evolved over the past 40 years. Spreadsheet models are hard to build and maintain, disconnected from the rest of a company's tech stack, and actively hinder collaboration across teams. We're building a next-generation tool to solve these problems, and are delighted that Coatue and Accel have led our Series A to take the company into the next stage of growth."
The $1bn financing round was supported by a consortium of global investors led by firms such as Altimeter and GIC.
"At our core, we help enterprise merchants to navigate the complexity of moving money around the world, whether in fiat currency or bridging the gap to Web3,"
