Private Valuation & Funding Round Tracker · Cohere

Cohere funding rounds & valuation history

Name: Cohere Funding Rounds & Valuation History
Creator: growthnavigatefunding.net

Cohere, the Toronto enterprise and sovereign AI model maker, from its 2021 Series A to the October 2026 Series E. Rows are in US dollars except the Series E, which Cohere announced in Canadian dollars; it is shown in CA$ and not converted.

Last updated: 13 Nov 2026 (IST). Every figure re-checked against the linked sources that day. Rows: 8 Currency: US$, nominal; the 2026 Series E is in CA$ as announced

⬇ Download CSV Cite this dataset Methodology & status definitions

Latest round Closed

CA$35.7B

Series E initial close, 29 Oct 2026 (Cohere)

Series E target

CA$7B

Led by Schwarz Group; committed so far not disclosed

Last US$ valuation

~$7B

$100M second close, Sep 2025

Up-step, Aug 2025

1.24×

$6.8B vs $5.5B Series D (GNF calc.)

Round history

Newest first. Dashed badges and striped rows are not closed transactions. “—” means the source does not disclose the figure or it cannot be computed on the same basis; see the note in each row.

Cohere funding rounds and reported talks, September 2021 to October 2026
Date	Status	Round	Amount	Lead / buyer	Valuation	Val. ÷ run-rate	Source
29 Oct 2026	Closed round	Series E (initial close)Largest private round by a Canadian tech company (Cohere). Ottawa is investing up to CA$1.6B (Globe and Mail). Cohere stated 165% ARR growth but no run-rate, so no multiple.	Up to CA$7B (target)Initial close; amount committed so far not disclosed (CBC/Reuters). In Canadian dollars; US$ cells left empty	Schwarz GroupAlso: Bell Ventures, Bullhound Capital, Government of Canada (new); Inovia, NVIDIA, Prosperity7 (returning)	CA$35.7BCohere: a round of up to CA$7B “would represent a CAD $35.7 billion valuation”. Pre- or post-money not stated. No US$ figure given	—Not disclosedNo run-rate stated in the announcement	Cohere release, 29 Oct 2026Also: The Globe and Mail, 29 Oct 2026, CBC News (Reuters), 29 Oct 2026
Sep 2026	Reported talks	Reported talksSuperseded by the larger CA$ Series E above, which was oversubscribed against the “original figures” (Cohere CFO, Globe and Mail).	Up to $3B	—Not disclosed	$20BThe Globe and Mail reported that Cohere told investors it was in advanced talks at a US$20B valuation	—Not disclosedTalks-stage or discussed figure; no multiple	The Globe and Mail, 29 Oct 2026
24 Sep 2025	Closed round	Second close (extension)Second close of the August 2025 round.	$100M	Not disclosedAlso: BDC Capital, Nexxus Capital Management (new)	~$7BCohere: valuation “approximately $7 billion”; basis not stated1.03× vs prior closed	—Not disclosedNo run-rate stated in the announcement	Cohere, 24 Sep 2025Also: TechCrunch, 24 Sep 2025
14 Aug 2025	Closed round	Funding roundOversubscribed (Cohere).	$500M	Radical Ventures, Inovia CapitalAlso: AMD Ventures, NVIDIA, PSP Investments, Salesforce Ventures, HOOPP	$6.8BStated by Cohere; basis not stated1.24× vs prior closed	—Not disclosedNo run-rate stated in the announcement	Cohere, 14 Aug 2025Also: TechCrunch, 14 Aug 2025
22 Jul 2024	Closed round	Series DA first tranche of $450M came before the final close. No secondary component (Cohere spokesperson to BetaKit). Step-up not computed because the prior valuation is a range; TechCrunch calls it “more than double”.	$500M	Not disclosedInvestors: PSP Investments, Cisco, AMD, Fujitsu, EDC, NVIDIA, Salesforce Ventures	$5.5BReported by Bloomberg (via TechCrunch) and BetaKit; basis not stated	—Not disclosedNo run-rate stated in the announcement	TechCrunch, 22 Jul 2024Also: BetaKit, Jul 2024
8 Jun 2023	Closed round	Series COversubscribed. Cohere had raised $445M to date (TechCrunch).	$270M	Inovia CapitalAlso: Nvidia, Oracle, Salesforce Ventures, DTCP, Mirae Asset, Schroders Capital, SentinelOne, Thomvest, Index Ventures	$2.1B–$2.2BOne source familiar with the deal, per TechCrunch; basis not stated	—Not disclosedNo run-rate stated in the announcement	TechCrunch, 8 Jun 2023
15 Feb 2022	Closed round	Series BRaised over $170M to date (BetaKit).	$125M	Tiger GlobalAlso: Radical Ventures, Index Ventures, Section 32	Not disclosedNo company valuation stated by the source	—Not disclosedNo run-rate stated in the announcement	BetaKit, Feb 2022
Sep 2021	Closed round	Series AMentioned in BetaKit’s Series B coverage; lead not stated there.	$40M	—Not disclosed	Not disclosedNo company valuation stated by the source	—Not disclosedNo run-rate stated in the announcement	BetaKit, Feb 2022

Step-up = valuation ÷ the prior closed valuation (GNF calc.), shown only where both are single US$ figures.

Valuation at each closed round (US$)

US$ valuations at closed rounds; bases not stated. The 2026 Series E (CA$35.7B) is in Canadian dollars and is not plotted on this US$ scale.

Series CJun 2023$2.1–2.2B
Series DJul 2024$5.5B
RoundAug 2025$6.8B
2nd closeSep 2025~$7B

Sources: Cohere; TechCrunch; BetaKit. US$ billions, linear scale. Series C is the top of a reported range.

Timeline

Each round and reported talk, oldest first.

Sep 2021 · Closed
Series A: $40M.
15 Feb 2022 · Closed
Series B: $125M led by Tiger Global.
8 Jun 2023 · Closed
Series C: $270M at $2.1–2.2B.
22 Jul 2024 · Closed
Series D: $500M at $5.5B.
14 Aug 2025 · Closed
$500M at $6.8B; $100M second close at ~$7B on 24 Sep.
Sep 2026 · Talks
Reported: up to $3B at $20B.
29 Oct 2026 · Closed
Series E initial close: up to CA$7B at CA$35.7B.

Still private: Cohere has not filed for an IPO and is not owned by a listed company. The Government of Canada is taking an equity stake through the Series E. In 2026 Cohere announced a business combination with Germany’s Aleph Alpha and transactions for Reliant AI and AISLE (Cohere); these are M&A deals, not funding rows.

Cite this dataset

Free to quote with a link back. Copy this citation:

Cohere Funding Rounds & Valuation History. Private Valuation & Funding Round Tracker, GrowthNavigateFunding.net, updated 13 Nov 2026. https://growthnavigatefunding.net/funding/cohere/

Download the data

The same 8 rows as the table: numeric US$ columns (the CA$ Series E row has empty numeric cells), empty cells where a figure is not disclosed, and a source URL for every row.

File: cohere-rounds.csv (UTF-8, comma-separated)
Stable URL: https://growthnavigatefunding.net/wp-content/uploads/2026/11/cohere-rounds.csv
Columns: id, date, date_precision, status, transaction_type, round, amount_usd_low, amount_usd_high, lead_or_buyer, co_leads, valuation_usd_low, valuation_usd_high, valuation_basis, valuation_to_run_rate_multiple, multiple_bound, multiple_basis, step_up_vs_prior_closed, price_per_share_usd_low, price_per_share_usd_high, shares, source, source_url, other_source_urls, notes, last_updated
Updated: 13 Nov 2026 (IST)

⬇ Download CSV

Methodology & status definitions

How each row is labelled and calculated.

Closed round

A round or close announced by Cohere, or confirmed in the press, bringing new money to the company.

Reported talks

A round reported before it was announced. Attributed; not charted; no step-up or multiple.

Valuation ÷ run-rate

Post-money valuation ÷ the run-rate the company stated in that announcement (GNF calc.). Cohere has not stated a run-rate with a round, so no multiple is shown.

What is not a separate row

Government grants (such as the 2024 federal compute funding), the Aleph Alpha and AISLE deals, run-rate figures reported outside round announcements, and secondary-market prices.

Updates & corrections

This page stays at one address and is updated in place; the “Last updated” date above drives the citation and the dataset metadata. Corrections: hello@growthnavigatefunding.net. Informational only; not investment advice.

Changelog

13 Nov 2026: Dataset first compiled: Series A (2021) to the Series E initial close (29 Oct 2026).

Cohere Funding Rounds & Valuation History (2021–2026)