Michael Gilroy and Gokul Rajaram are launching a new venture firm focused on early-stage fintech and software startups.
Key Highlights
- Targeting $400-500 million for their debut fund.
- Investing in U.S.-based early-stage companies.
- Gilroy, formerly of Coatue, has invested in Arta Finance, Melio Solution, Pinwheel, and Mercury.
- Rajaram, a prolific angel investor, has backed over 285 startups, including Coinbase, Pinterest, and Trade Desk.
This news follows reports of other Coatue investors starting their own firms, such as Kris Fredrickson's Verified Capital. For context on the current investment landscape, see Illumen Capital's new fund. This new venture adds to the growing activity in the fintech space, as highlighted by Sequoia's growth driven by AI. Given the increasing legal scrutiny in tech, this new firm may face challenges similar to those discussed in the OpenAI lawsuit.