Soros and Coatue among key Rivian backers in $2.5bn funding round

Electric vehicle maker Rivian announced a $2.5 billion funding round that included some of the world’s largest investment firms and alternative investment firms, Soros Fund Management and Coatue.

Founded by legendary hedge fund manager George Soros, Soros Fund Management also has private equity and venture capital investments. Phillippe Laffont’s $19 billion Coatue Management meanwhile launched a new opportunistic fund in March, Coatue Opportunity Master Fund I, according to SEC filings.

The financing of Normal, Illinois-based Rivian was led by T. Rowe Price Associates. Fidelity also participated in the round as did . . .

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