Coatue loses two more partners, including one who led firm's crypto investments: The Information

Quick Take

  • Investment manager Coatue has reportedly lost two more general partners: Luca Schmid and Sebastian Duesterhoeft.
  • Schmid led some of the firm’s top crypto investments, including Chainalysis, Fireblocks and Dune Analytics.

Investment manager Coatue, with over $73 billion in assets under management, has reportedly lost two more general partners in recent months.

Luca Schmid left the firm in August and Sebastian Duesterhoeft departed a month after, The Information reported on Friday, citing a person familiar with the matter.

Schmid plans to work with Checkout.com's founder and CEO Guillaume Pousaz to start a family office to make investments in fintech startups, and Duesterhoeft is set to join Lightspeed Venture Partners as a partner, according to the report.

Notably, Schmid led some of Coatue's top crypto and fintech investments, including Chainalysis, Fireblocks, Dune Analytics, Checkout.com, Chime and N26, according to his LinkedIn profile. Duesterhoeft, on the other hand, led the firm's tech investments, including Airtable, Snowflake and Snyk, his LinkedIn account indicates.

Schmid and Duesterhoeft are the latest executives to depart Coatue. Last week, The Information reported that Matt Mazzeo, general partner at Coatue, left the firm to start his own investment fund focused on backing early-stage startups. Mazzeo's deals at Coatue reportedly included NFT marketplace giant OpenSea.

Coatue was founded in 1999 by brothers Philippe and Thomas Laffont as a hedge fund. It became one of the most active tech investors during the recent boom. Earlier this year, The Block Research mapped out Coatue's crypto investments and found out that the New York-based firm had invested in at least 14 crypto startups, including Alchemy, Bitmain, CertiK, Dapper Labs and MoonPay.


© 2025 The Block. 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.

AUTHOR

Yogita Khatri is a senior reporter at The Block and the author of The Funding newsletter. As our longest-serving editorial member, Yogita has been instrumental in breaking numerous stories, exclusives and scoops. With over 3,000 articles to her name, Yogita is The Block's most-published and most-read author of all time. Before joining The Block, Yogita wrote for CoinDesk and The Economic Times. You can reach her at [email protected] or follow her latest updates on X at @Yogita_Khatri5.

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