According to Coatue Management, July 2020, Deere Max announced that it has received a strategic funding round of $5 million from Coatue Management, a leading international investment firm, bringing Deere Max one step closer to its goal of creating more digital value for users worldwide.



Coatue Managemen Fund is a hedge fund with a strong reputation in the United States. A member of the Tiger Fund (from which founder Philippe Laffont came), Coatue has averaged a 12% net annualized return after fees and $12 billion in AUM between two full bull and bear rounds over the two decades since its founding in 1999. According to http://tipranks.com, Coatue's Sharpe ratio since 2013 is greater than 4, compared to the U.S. hedge fund average of 1.22.
 
CoatueManagement focuses on investments in the TMT sector (telecom, media, technology) of technology stocks. In addition to its 20-year track record, CoatueManagement has lived up to the word "hedge" in hedge funds. Whether in 2000, when the Internet bubble burst, or in 2008, when the subprime mortgage crisis was in full swing, Coatue's decline was far below the performance of any mainstream U.S. index.
 
Currently, Coatue Management Foundation has entered into a long-term strategic partnership with Deere Max, which it chose to invest in because of its philosophy of building a social+entertainment+blockchain+metaverse+digital wallet-based aggregated social The mission is to become a powerful force in global commerce, providing a reliable, transparent and decentralized payment gateway for all users around the world. This is what Coatue Management Foundation hopes to do in the future.