# Cohere funding: rounds and investors > Cohere has raised $5.6B across 4 rounds since 2021. Investors include NVIDIA, Inovia Capital and Radical Ventures. Every round with its source. Source: https://millionrounds.com/company/cohere (Millionrounds; every figure on the page links to its filing or article) Canada · [Series E startup](https://millionrounds.com/companies) # Who invested in *Cohere* 4 rounds we have observed, with the 19 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it. AI Enterprise Software Generative AI Raised this month Valuation: $2.0B, Mar 2026 Follow Cohere and see its new rounds in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Fcompany%2Fcohere) Funding summary Updated 5 Nov 2026 **$5.6B** raised across 4 rounds since 2021, from 26 sources **$3.1M** Seed **$500M** Round **$100M** Venture **$5.0B** Series E - **Latest round:** Series E, $5.0B Oct 2026 - **Led by:** Schwarz Group - **Step-up i:** 50× - **Investors:** 19 (3 led) See who backed them ## The funding story Each circle is a round, placed by date and sized by amount. The line above is the running total. 2021 2022 2023 2024 2025 2026 **$3.1M** Seed **$500M** Round **$100M** Venture **$5.0B** Series E - **First round:** Seed, $3.1M - **Biggest round:** $5.0B - **Usual gap between rounds:** 12 months ## The rounds - **Oct 2026** Series E **$5.0B** *5 new* *2 returning* [Schwarz Group](https://millionrounds.com/fund/schwarz-group) Lead [Inovia Capital](https://millionrounds.com/fund/inovia-capital) [NVIDIA](https://millionrounds.com/fund/nvidia) [Government of Canada](https://millionrounds.com/fund/government-of-canada) [Prosperity7 Ventures](https://millionrounds.com/fund/prosperity7-ventures) [BCE Inc (Bell Canada Enterprises)](https://millionrounds.com/fund/bell-ventures) [Bullhound Capital](https://millionrounds.com/fund/bullhound-capital) Reported by BetaKit and 20 others - **Aug 2026** Venture **$100M** *2 new* *3 returning* [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) [Index Ventures](https://millionrounds.com/fund/index-ventures) [Salesforce Ventures](https://millionrounds.com/fund/salesforce-ventures) [NVIDIA](https://millionrounds.com/fund/nvidia) [Radical Ventures](https://millionrounds.com/fund/radical-ventures) Source recorded - **Aug 2025** Round **$500M** *7 new* [Inovia Capital](https://millionrounds.com/fund/inovia-capital) Lead [Radical Ventures](https://millionrounds.com/fund/radical-ventures) Lead [Salesforce Ventures](https://millionrounds.com/fund/salesforce-ventures) [NVIDIA](https://millionrounds.com/fund/nvidia) [AMD Ventures](https://millionrounds.com/fund/amd-ventures) [Healthcare of Ontario Pension Plan (HOOPP)](https://millionrounds.com/fund/healthcare-of-ontario-pension-plan-hoopp) [Public Sector Pension Investment Board (PSP Investments)](https://millionrounds.com/fund/public-sector-pension-investment-board-psp-investments) Reported by Crunchbase News and 2 others SEC filing: $90M sold, first sale May 2025 - **Mar 2021** Seed **$3.1M** *5 new* [Y Combinator](https://millionrounds.com/fund/y-combinator) [BoxGroup](https://millionrounds.com/fund/boxgroup) [Initialized Capital](https://millionrounds.com/fund/initialized-capital) [Shrug Capital](https://millionrounds.com/fund/shrug-capital) [Chapter One Ventures](https://millionrounds.com/fund/chapter-one) Source recorded SEC filing: $242K sold, first sale Dec 2019 ## Founders and team From Cohere's own website: 3 founders, 4 on the team. **Aidan Gomez** Co-founder and CEO **Ivan Zhang** Co-founder **Nick Frosst** Co-founder - **Frank O’Dowd** Chief Revenue and Commercial Officer - **François Chadwick** Chief Financial Officer - **Joelle Pineau** Chief AI Officer - **Phil Blunsom** Chief Technology Officer ## Who was in which round The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led. **Seed** 2021 **Round** 2025 **Venture** 2026 **Series E** 2026 [NVIDIA](https://millionrounds.com/fund/nvidia) [Inovia Capital](https://millionrounds.com/fund/inovia-capital) L [Radical Ventures](https://millionrounds.com/fund/radical-ventures) L [Salesforce Ventures](https://millionrounds.com/fund/salesforce-ventures) [Schwarz Group](https://millionrounds.com/fund/schwarz-group) L [Y Combinator](https://millionrounds.com/fund/y-combinator) [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) [Index Ventures](https://millionrounds.com/fund/index-ventures) [BoxGroup](https://millionrounds.com/fund/boxgroup) [Initialized Capital](https://millionrounds.com/fund/initialized-capital) ## Everyone who backed them [NVIDIA](https://millionrounds.com/fund/nvidia) Company **3** rounds [Inovia Capital](https://millionrounds.com/fund/inovia-capital) VC firm **2** rounds, led 1 [Radical Ventures](https://millionrounds.com/fund/radical-ventures) VC firm **2** rounds, led 1 [Salesforce Ventures](https://millionrounds.com/fund/salesforce-ventures) Corporate VC **2** rounds [Schwarz Group](https://millionrounds.com/fund/schwarz-group) VC firm **1** round, led 1 [Y Combinator](https://millionrounds.com/fund/y-combinator) Accelerator **1** round [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) VC firm **1** round [Index Ventures](https://millionrounds.com/fund/index-ventures) VC firm **1** round [BoxGroup](https://millionrounds.com/fund/boxgroup) VC firm **1** round [Initialized Capital](https://millionrounds.com/fund/initialized-capital) VC firm **1** round [Government of Canada](https://millionrounds.com/fund/government-of-canada) Government **1** round [Shrug Capital](https://millionrounds.com/fund/shrug-capital) VC firm **1** round [Chapter One Ventures](https://millionrounds.com/fund/chapter-one) VC firm **1** round [AMD Ventures](https://millionrounds.com/fund/amd-ventures) VC firm **1** round [Prosperity7 Ventures](https://millionrounds.com/fund/prosperity7-ventures) Corporate VC **1** round [BCE Inc (Bell Canada Enterprises)](https://millionrounds.com/fund/bell-ventures) Corporate VC **1** round [Bullhound Capital](https://millionrounds.com/fund/bullhound-capital) VC firm **1** round [Healthcare of Ontario Pension Plan (HOOPP)](https://millionrounds.com/fund/healthcare-of-ontario-pension-plan-hoopp) VC firm **1** round [Public Sector Pension Investment Board (PSP Investments)](https://millionrounds.com/fund/public-sector-pension-investment-board-psp-investments) Institutional LP **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=cohere). ## Also claim to have backed them These 18 firms list Cohere as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above. [NAP](https://millionrounds.com/fund/nap) VC firm Per its own site [S32](https://millionrounds.com/fund/s32) VC firm Per its own site [Section 32](https://millionrounds.com/fund/section-32) VC firm Per its own site [Kensington Capital Partners Limited](https://millionrounds.com/fund/kensington-capital-partners-limited) VC firm Per its own site [Firestreak Ventures](https://millionrounds.com/fund/firestreak-ventures) VC firm Per its own site [1802 Ventures](https://millionrounds.com/fund/1802-ventures) VC firm Per its own site [AI Grant](https://millionrounds.com/fund/ai-grant) Accelerator Per its own site [BackHomeCapital](https://millionrounds.com/fund/backhomecapital) Family office Per its own site [Conduit](https://millionrounds.com/fund/conduit) Accelerator Per its own site [Gauntlet Ventures](https://millionrounds.com/fund/gauntlet-ventures) VC firm Per its own site [Launchbay Capital](https://millionrounds.com/fund/launchbay-capital) Growth equity Per its own site [Midway Venture Partners, LLC](https://millionrounds.com/fund/midway-venture-partners-llc) Growth equity Per its own site [Okeanos](https://millionrounds.com/fund/okeanos) VC firm Per its own site [PAWAO](https://millionrounds.com/fund/pawao) VC firm Per its own site [Palo Alto Growth Capital](https://millionrounds.com/fund/palo-alto-growth-capital) Growth equity Per its own site [Riverbend Capital](https://millionrounds.com/fund/riverbend-capital) VC firm Per its own site [Strategxy Ventures LLC](https://millionrounds.com/fund/strategxy-ventures-llc) VC firm Per its own site [excelsior.vc](https://millionrounds.com/fund/excelsior-vc) VC firm Per its own site ## Quick answers about Cohere ### Who invested in Cohere? Cohere's investors include NVIDIA, Inovia Capital, Radical Ventures, Salesforce Ventures and Schwarz Group, and 14 more on record. Schwarz Group led its latest round. ### How much has Cohere raised? Cohere has raised $5.6B across 4 rounds since 2021. ### When did Cohere last raise? Cohere's most recent round was a Series E of $5.0B in Oct 2026, led by Schwarz Group. ### What was Cohere's biggest round? Its most recent round, $5.0B in Oct 2026, is also its largest on record. ### Who backed Cohere first? Cohere's first round on record, in Mar 2021, was backed by Y Combinator, BoxGroup and Initialized Capital and 2 others. ### What stage is Cohere at? Cohere's latest named round is a Series E, in Oct 2026. ### Where is Cohere based? Cohere is based in Canada. ### Who led Cohere's rounds? Inovia Capital led the Undisclosed round in 2025; Schwarz Group led the Series E in 2026. ## Companies like Cohere In the same sector, and raised in the last eighteen months. [**Solink** $160M · Oct 2026](https://millionrounds.com/company/solink)[**Quminex** $1.1M · Oct 2026](https://millionrounds.com/company/quminex)[**Biossil** $153M · Sept 2026](https://millionrounds.com/company/biossil)[**Astrus** $20M · Sept 2026](https://millionrounds.com/company/astrus)[**Altis Labs** $31M · Sept 2026](https://millionrounds.com/company/altis-labs)[**Thri5** $5.4M · Sept 2026](https://millionrounds.com/company/thri5) ## Find investors like these Search every investor by what they have actually funded, then narrow to your stage and market. Free. Open the investor searchOr these rounds in the app