Funding round
Cohere Series B
Cohere, which works in enterprise AI platform development in Toronto, raised $125M in a Series B round announced on 15 Feb 2022, led by Tiger Global. 4 firms took part, 2 of them already investors. It is Cohere's second venture round on record; the one before was a Series A in Sep 2021.
$125M
Amount raised
Not disclosed
Post-money valuation
4
Investors
1 lead
Valuation
What this round says about the price
Cohere did not disclose a valuation in this round. It came 5 months after Cohere's Series A. It is 12% of the $1.03B Cohere has raised in the venture rounds on record. Cohere raised again 16 months later: a Series C round of $270M in Jun 2023, at $2.20B post-money.
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 this round 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 24 Sep 2025, led by Radical Ventures and Inovia $100M$7.00B post-money
Investors
Who put money in
Tiger Global led the round with 3 other firms. Index Ventures and Section 32 had backed Cohere before.
Lead investor
- Tiger Global backs 391 venture-backed companies new investor
Also in the round
- backs 65 venture-backed companies new investor
- Index Ventures backs 353 venture-backed companies existing investor
- Section 32 existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
1,022 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $30M, and this round was 4.2 times the median. The closest in time, other companies' Series B rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 7 Feb 2022 | $200M | $1.45B | Kora and SoftBank Vision Fund |
| Tech Companies | 7 Feb 2022 | $200M | $1.45B | Kora and SoftBank Vision Fund |
| Tech Companies | 24 Feb 2022 | $111M | not disclosed | Insight Partners |
| Tech Companies | 17 Feb 2022 | $100M | not disclosed | Warburg Pincus |
| Temporal Tech Companies | 16 Feb 2022 | $100M | $1.50B | Index Ventures |
| Tech Companies | 2 Feb 2022 | $90M | not disclosed | Five Arrows Growth Capital |
| Tech Companies | 2 Feb 2022 | $70M | not disclosed | Insight Partners |
| Tech Companies | 14 Feb 2022 | $70M | not disclosed | SoftBank Vision Fund |
Sources
Where this comes from
Reported by 4 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Cohere raise in its Series B round?
Cohere raised $125M in its Series B round, announced in Feb 2022.
Who led Cohere's Series B round?
Tiger Global led it, with Radical Ventures, Index Ventures and Section 32.
What was Cohere's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Tech Companies?
1,022 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $30M, and this round was 4.2 times the median.
Did Cohere raise again after this round?
Yes: a Series C round in Jun 2023 of $270M at $2.20B post-money.