Funding round
Cogna Series A
Cogna, which works in AI-Driven business solutions development in Aberdeen, raised $15M in a Series A round announced on 11 Nov 2024, led by Notion Capital. 3 firms took part. It is Cogna's second venture round on record; the one before was a Seed in Mar 2024.
$15M
Amount raised
Not disclosed
Post-money valuation
3
Investors
1 lead
Valuation
What this round says about the price
Cogna did not disclose a valuation in this round. It came 8 months after Cogna's Seed. It is 76% of the $20M Cogna has raised in the venture rounds on record. No later venture round is on record for Cogna.
Cogna's funding rounds
Cogna has 2 venture rounds on record. This one is highlighted.
- Seed 7 Mar 2024, led by Hoxton Ventures $4.8M
- Series A this round 11 Nov 2024, led by Notion Capital $15M
Investors
Who put money in
Notion Capital led the round with 2 other firms.
Lead investor
- Notion Capital new investor
Also in the round
- Hoxton Ventures backs 50 venture-backed companies new investor
- backs 27 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, sales and marketing, scaling operations and working capital.
- Product development
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
149 Series A rounds in Software Development Services within a year either side disclosed an amount; the median was $15M, and this round was close to the median. The closest in time, other companies' Series A rounds in Software Development Services:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Software Development Services | 1 Nov 2024 | $22M | not disclosed | not named |
| Software Development Services | 19 Nov 2024 | $20M | not disclosed | Lightspeed Venture Partners |
| Software Development Services | 8 Nov 2024 | $20M | not disclosed | ICONIQ Growth |
| Software Development Services | 11 Nov 2024 | $10M | not disclosed | Korea Investment Financial Holding |
| Miros Software Development Services | 6 Nov 2024 | $6.5M | not disclosed | EBRD VC and Tera Ventures |
| Software Development Services | 14 Nov 2024 | $3.0M | not disclosed | Blossom Street Ventures |
| Software Development Services | 6 Nov 2024 | undisclosed | not disclosed | Partech |
| Software Development Services | 8 Oct 2024 | $23M | not disclosed | Markd |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Cogna raise in its Series A round?
Cogna raised $15M in its Series A round, announced in Nov 2024.
Who led Cogna's Series A round?
Notion Capital led it, with Hoxton Ventures and Chalfen Ventures.
What was Cogna's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Software Development Services?
149 Series A rounds in Software Development Services within a year either side disclosed an amount; the median was $15M, and this round was close to the median.