Funding round
Cohere Growth
Reported as "Growth Equity"
Cohere, which works in enterprise AI platform development in Toronto, raised $100M in a Growth round announced on 24 Sep 2025, led by Radical Ventures and Inovia, at a $7.00B post-money valuation. 9 firms took part. It is Cohere's fifth venture round on record; the one before was a Series D in Jul 2024.
$100M
Amount raised
$7.00B
Post-money valuation
$6.90B pre-money
9
Investors
2 leads
1.3x
Step-up from the Series D
$5.50B in Jul 2024
1.4%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Cohere at $7.00B after the new money, 1.3 times the $5.50B of its Series D (Jul 2024). The $100M bought investors about 1.4% of the company. It came 14 months after Cohere's Series D. It is 9.7% of the $1.03B Cohere has raised in the venture rounds on record. No later venture round is on record for Cohere.
Cohere's funding rounds
Cohere has 5 venture rounds on record and 1 other deal. This one is highlighted.
- Series A 7 Sep 2021, led by Index Ventures $40M
- Series B 15 Feb 2022, led by Tiger Global $125M
- Series C 8 Jun 2023, led by Inovia $270M$2.20B post-money
- Series D 22 Jul 2024, led by PSP Investments $500M$5.50B post-money
- Grant not a venture round 1 Dec 2024 $171M
- Growth this round 24 Sep 2025, led by Radical Ventures and Inovia $100M$7.00B post-money
Investors
Who put money in
Radical Ventures and Inovia led the round with 7 other firms.
Lead investors
- backs 65 venture-backed companies new investor
- Inovia backs 120 venture-backed companies new investor
Also in the round
- Business Development Bank of Canada new investor
- backs 3 venture-backed companies new investor
- AMD Ventures new investor
- Healthcare of Ontario Pension Plan new investor
- NVIDIA new investor
- backs 12 venture-backed companies new investor
- Salesforce Ventures backs 314 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
429 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $54M, and this round was 1.9 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 19 Sep 2025 | $10.00B | $200.00B | not named |
| Property Finder Tech Companies | 9 Sep 2025 | $525M | not disclosed | Permira |
| Flightradar24 Tech Companies | 4 Sep 2025 | $439M | not disclosed | not named |
| Filevine Tech Companies | 23 Sep 2025 | $400M | $3.00B | Insight Partners and Accel |
| Tech Companies | 8 Sep 2025 | $290M | not disclosed | TPG and Jerusalem Venture Partners |
| Tech Companies | 12 Sep 2025 | $250M | not disclosed | not named |
| Perplexity Tech Companies | 1 Sep 2025 | $200M | $20.00B | not named |
| Tech Companies | 23 Sep 2025 | $165M | not disclosed | Battery Ventures |
Sources
Where this comes from
Reported by 8 sources.
Questions
Frequently asked
How much did Cohere raise in its Growth round?
Cohere raised $100M in its Growth round, announced in Sep 2025.
Who led Cohere's Growth round?
Radical Ventures and Inovia led it, with Business Development Bank of Canada, Nexxus Capital Management, AMD Ventures, Healthcare of Ontario Pension Plan and NVIDIA and 2 more.
What was Cohere's valuation at the Growth round?
$7.00B post-money ($6.90B pre-money).
How does it compare with other Growth rounds in Tech Companies?
429 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $54M, and this round was 1.9 times the median.