Tiger Global Management partner John Curtius plans to leave the firm next year to launch his own fund called Cedar Investment Management, according to a person with direct knowledge of the matter. Curtius, one of Tiger’s most active startup investors, shook up Silicon Valley by backing more than 200 private companies since joining Tiger in 2017. His portfolio includes stakes in restaurant software company Toast and Databricks, a developer of open-source data analytics and machine learning software.
The new fund will focus primarily on early-stage startups, the person said. A spokesperson for Tiger confirmed that the firm’s limited partners had been informed of the change. Curtius will transition out of the firm in mid-2023. (See separate story about Curtius and Tiger in the wake of his departure news here.)