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CO
HISTORICAL P100 / #53

Cohere

Artificial Intelligence · Canada

Historical ranking valuation$6.80BSource snapshot: Jun 19, 2026
Financing events12
Named participants25
Captables stories2

Disclosed primary funding in this record

$1.5B

Sum of non-overlapping disclosed USD amounts in confirmed primary financing entries in this record, including separately labeled equity components; not verified lifetime funding. Excludes amounts already included in a later round, announced, reported, database-only, debt, secondary and unclassified events.

6 confirmed primary rounds with disclosed USD amounts · Record through 2026-11-01
THE BUSINESS

Get to know Cohere.

Cohere develops enterprise AI models and the North agentic platform. Its products include generative language models, search-related models and tools for private or controlled business deployment.

Cohere products overview ↗Source checked Sep 24, 2026

Valuation history

Valuations reported at the time of each round.

Approximately $7BAugust 2025 funding round (second close) · ConfirmedSource ↗
$6.8BAugust 2025 funding round (initial close) · ConfirmedSource ↗
$5.5BSeries D · ConfirmedSource ↗

Funding history

Funding rounds, debt and other financing events.

11sourced events · record as of 2026-11-01

Issuer and transaction-counsel sources confirm the 2021 A, 2022 B, 2023 C, 2024 D, and $500M August 2025 raise plus additive $100M second close. Radical's own account confirms a prior founding investment with unknown date, amount, instrument and lead. Its later company-level angel roster is not assigned to that investment; the A release separately names four angels. The September 2025 body names round-wide investors and an approximately $7B valuation, not component allocations. An April 2026 structured-financing commitment is proposed, not closed. The imported July 2026 Series F remains unverified. The Canadian compute contribution was initially announced in December 2024 and finalized in March 2025 up to C$240M; authorized maximum is not cash received, equity or a second contribution. The C$725M project budget and third-party data-centre spending are not additive issuer proceeds. Current program-page modification dates are not new financing dates. The $1.535B six-component confirmed primary subset is not lifetime funding. This is not a complete legal funding register and not an independently reviewed complete history, allocation record or current cap table. Headline association; not a reviewed issuer link. Unlinked article observations are not independently reconciled financing events. This is covered public-source history, not an exhaustive issuer ledger.

Apr 24, 202610
other

Schwarz Group structured-financing commitment (proposed)

Companies of Schwarz Group (lead)

Issuer says the companies of Schwarz Group intend to lead its upcoming Series E with a €500M structured-financing commitment. No close, disbursement, or equity allocation is established; not additive raised capital.

Amount€500M (approximately $600M proposed commitment)ValuationUndisclosed
Sep 24, 202509
primary

August 2025 funding round (second close)

Investors undisclosed

Source published Sep 24, 2025; not a financing date

Additional $100M in the second close of the August 2025 round, not a standalone new Series E; additive to the initial $500M. The issuer's full body says the round's investors now include Business Development Bank of Canada (BDC) and Nexxus Capital Management, alongside previously disclosed AMD Ventures, Healthcare of Ontario Pension Plan, Inovia, NVIDIA, PSP Investments, Radical Ventures and Salesforce Ventures. This is a round-wide roster, not an allocation of the additional $100M or proof that every earlier investor subscribed again. No second-close-only subscriber list or lead is established, so component participant arrays remain empty. Approximately $7B is the issuer's valuation qualifier, not another financing or exact proceeds. Named organizations are not exact subscribing vehicles, allocations or current retained holdings. September 24 is the public announcement, not an independently authenticated legal settlement date.

Amount$100MValuationApproximately $7B
Aug 14, 202508
primary

August 2025 funding round (initial close)

Radical Ventures (lead) · Inovia Capital (lead) · AMD Ventures · NVIDIA · PSP Investments · Salesforce Ventures · Healthcare of Ontario Pension Plan

Issuer calls this its latest funding round but does not assign a series letter in the announcement.

Amount$500MValuation$6.8B
Mar 20, 202507
other

Canadian compute contribution (authorized maximum)

Government of Canada

The March 20 finalization follows the December 6, 2024 initial announcement; this is not a second contribution. The capped Canadian-dollar authorization is not paid-in equity or proof of cash disbursement; repayment or grant terms are not established by these releases. The C$725M project budget and third-party data-centre construction are not additional issuer proceeds. CoreWeave is a compute facility partner, not a Cohere equity investor established by this project statement. The government's funding role implies no shares or lead-equity designation. The later program-page edit is not a new financing date.

Government of Canada · Finance Canada original December 6, 2024 announcement ↗

Government of Canada · ISED project statement distinguishes contribution from compute project ↗

AmountC$240M maximum contribution; cash draw undisclosedValuationUndisclosed
Jul 18, 202305
other

McKinsey strategic collaboration

Investors undisclosed

Issuer announced a commercial collaboration, not a priced financing or disclosed equity proceeds.

AmountUndisclosedValuationUndisclosed
Jun 8, 202304
primary

Series C

Inovia Capital (lead) · NVIDIA · Oracle · Salesforce Ventures · Index Ventures · DTCP · Mirae Asset · Schroders Capital · +2 more

Amount$270MValuationUndisclosed
Sep 7, 202102
primary

Series A

Index Ventures (lead) · Radical Ventures · Section 32 · Geoffrey Hinton · Fei-Fei Li · Pieter Abbeel · Raquel Urtasun

Cohere's original distributed release names Index as lead, Section 32, returning Radical Ventures and Geoffrey Hinton, Fei-Fei Li, Pieter Abbeel and Raquel Urtasun among others. This is not a complete subscriber list. Mike Volpi's board appointment is not a personal subscription. Ian Goodfellow and Sanja Fidler are mentioned in Radical's earlier company-wide investor account, not as A subscribers in this release. Historical round participants are not current holders, exact legal vehicles, disclosed cheque sizes or saleable inventory. September 7 is the issuer announcement, not an independently authenticated legal settlement date.

Amount$40MValuationUndisclosed
Date undisclosedUNDATED
other

Founding investment (terms undisclosed)

Radical Ventures

Source published May 10, 2021; not a financing date

Radical's May 10, 2021 account says it worked with the founders before incorporation and invested on day 1. Its current portfolio lists investment year 2020 and company founding in 2019; those labels do not establish or reconcile a dated legal close. May 10 is source publication, not an authenticated financing date and not another May 2021 round. The account supplies no amount, lead, valuation, instrument or class; this is not a priced seed class or an assumed primary-equity cheque. Geoffrey Hinton, Fei-Fei Li, Pieter Abbeel, Raquel Urtasun, Ian Goodfellow and Sanja Fidler are described as investors who joined afterward, not subscribers to this founding investment. No later angel financing dates, cheque sizes or separate rounds are inferred. This is the investor's historical account, not current retained ownership, exact subscribing fund identity or saleable inventory.

Radical Ventures · Radical portfolio lists investment year 2020, not an exact close ↗

AmountUndisclosedValuationUndisclosed
Unverified database leads (1)

These database claims have not been independently verified and are excluded from the sourced-event count.

Jul 27, 2026UNVERIFIED
primary

Series F

Investor participation not independently verified

Database-only July 2026 row. No verified round-level announcement, amount, or investor list; an existing published article is not source confirmation.

AmountUndisclosed / unverifiedValuationUndisclosed

Financing participants

Investors, lenders and other parties named in funding announcements.

Companies of Schwarz Group

Schwarz Group structured-financing commitment (proposed) · Apr 24, 2026 · Lead participant · other · Announced · Announced source ↗

Inovia Capital

August 2025 funding round (initial close) · Aug 14, 2025 · Lead participant · primary · Confirmed · Confirmed source ↗

Series C · Jun 8, 2023 · Lead participant · primary · Confirmed · Confirmed source ↗

AMD Ventures

August 2025 funding round (initial close) · Aug 14, 2025 · Participant · primary · Confirmed · Confirmed source ↗

Series D · Jul 22, 2024 · Participant · primary · Confirmed · Confirmed source ↗

PSP Investments

August 2025 funding round (initial close) · Aug 14, 2025 · Participant · primary · Confirmed · Confirmed source ↗

Series D · Jul 22, 2024 · Lead participant · primary · Confirmed · Confirmed source ↗

Salesforce Ventures

August 2025 funding round (initial close) · Aug 14, 2025 · Participant · primary · Confirmed · Confirmed source ↗

Series C · Jun 8, 2023 · Participant · primary · Confirmed · Confirmed source ↗

Healthcare of Ontario Pension Plan

August 2025 funding round (initial close) · Aug 14, 2025 · Participant · primary · Confirmed · Confirmed source ↗

Export Development Canada

Series D · Jul 22, 2024 · Participant · primary · Confirmed · Confirmed source ↗

Schroders Capital

Series C · Jun 8, 2023 · Participant · primary · Confirmed · Confirmed source ↗

Thomvest Ventures

Series C · Jun 8, 2023 · Participant · primary · Confirmed · Confirmed source ↗

Tiger Global Management

Series B · Feb 16, 2022 · Lead participant · primary · Confirmed · Confirmed source ↗

Geoffrey Hinton

Series A · Sep 7, 2021 · Participant · primary · Confirmed · Confirmed source ↗

Raquel Urtasun

Series A · Sep 7, 2021 · Participant · primary · Confirmed · Confirmed source ↗

Ownership evidence

Opening ownership research…

Captables coverage

Deals / Captables

Cohere's latest round: $500M Series F

Cohere's latest public financing record lists $500M in its Series F dated July 27, 2026. Captables places the event in the company's disclosed funding history.

Captables Newsroom · 58d ago
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