Two people with knowledge confirmed details of Mazzeo’s departure, the tech news outlet reported.
Coatue is a New York City-based investment manager focused largely on tech companies, and it has made some high-profile bets on crypto in recent months. Coatue led non-fungible token (NFT) marketplace OpenSea’s $300 million Series C funding round earlier this year and then participated in Dapper Labs’ $725 million ecosystem fund launched in May. The hedge fund also recently helped back new crypto market maker Portofino Technologies, which former Citadel Securities executives founded.
Mazzeo has served as a general partner at Coatue since January 2018, according to his LinkedIn profile. Before that, Mazzeo held the role of managing director at Chris Sacca’s Lowercase Capital, a venture capital firm that invested in now-ubiquitous tech giants like Instagram, Twitter and Uber.
Mazzeo’s AngelList page lists investments in a range of startups including OpenSea, Medium and Airtable, and exits in companies including Hinge, Slack and Gimlet Media.
Coatue lost 17% through the month of August as tech-focused hedge funds more broadly weather a tough market, Reuters reported on Sept. 15.
© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Kristin Majcher is a senior correspondent at The Block, based in Colombia. She covers the Latin America market. Before joining, she worked as a freelancer with bylines in Fortune, Condé Nast Traveler and MIT Technology Review among other publications.
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