Coatue Management led a $90m series B funding round in Stytch.

Coatue Management, an American technology-focused investment manager, led a $90m series B funding round in Stytch, an API-first passwordless authentication startup, with participation from Benchmark Capital, Thrive Capital, and Index Ventures. “Today, more than 3,500 developers are building on the Stytch platform adding email magic links, SMS and WhatsApp passcodes, OAuth connections, one-click user invitations, and embeddable magic links into user onboarding and login flows. With every new tool we add to our platform, we are continuing to improve the user onboarding experience, while enhancing security and saving significant engineering time in the process,” Reed McGinley-Stempel, Stytch Co-founder and CEO.