Coatue leads Series C for cloud communications platform

Thanks to the growth of online streaming, Coatue is taking a bet on Agora and its cloud communications platform.

Cloud communications platform Agora has raised $70 million in Series C funding led by Coatue Management. Existing investors Morningside Venture Capital, Susquehanna International Group and Shunwei Capital, a fund backed by Xiaomi’s founder Lei Jun, also joined the round. 

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