# Coherence funding: rounds and investors

> Coherence has raised $11M across 3 rounds since 2019. Investors include Firstminute Capital, First Round Capital and Flybridge. Every round with its source.

Source: https://millionrounds.com/company/coherence (Millionrounds; every figure on the page links to its filing or article)

Sweden · [Venture startup](https://millionrounds.com/companies)

# Who invested in *Coherence*

3 rounds we have observed, with the 9 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.

Cloud Gaming

Funding summary Updated 26 Oct 2026

**$11M** raised across 3 rounds since 2019, from 3 sources

**$2.5M** Seed **$8.0M** Venture

- **Latest round:** Venture Mar 2024
- **Biggest round:** $8.0M Venture · Apr 2022
- **Investors:** 9 (1 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.

2020 2021 2022 2023 2024

**$2.5M** Seed

**$8.0M** Venture

**?** Venture

- **First round:** Seed, $2.5M
- **Biggest round:** $8.0M
- **Usual gap between rounds:** 2.3 years

## The rounds

- **Mar 2024** Venture **Amount undisclosed** *5 new* [First Round Capital](https://millionrounds.com/fund/first-round-capital) [Flybridge](https://millionrounds.com/fund/flybridge) [Correlation Ventures](https://millionrounds.com/fund/correlation-ventures) [Company Ventures](https://millionrounds.com/fund/ag-ventures) [25madison](https://millionrounds.com/fund/25madison) Source recorded SEC filing: $1.8M sold, first sale Mar 2024
- **Apr 2022** Venture **$8.0M** *1 new* *1 returning* [Firstminute Capital](https://millionrounds.com/fund/firstminute-capital) [Griffin Gaming Partners](https://millionrounds.com/fund/griffin-gaming-partners) Source recorded
- **Nov 2019** Seed **$2.5M** *3 new* [Firstminute Capital](https://millionrounds.com/fund/firstminute-capital) Lead [Sisu Game Ventures](https://millionrounds.com/fund/sisu-game-ventures) [Paul Heydon](https://millionrounds.com/fund/paul-heydon) Reported by VentureBeat

## 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** 2019 **Venture** 2022 **Venture** 2024 [Firstminute Capital](https://millionrounds.com/fund/firstminute-capital) L [First Round Capital](https://millionrounds.com/fund/first-round-capital) [Flybridge](https://millionrounds.com/fund/flybridge) [Correlation Ventures](https://millionrounds.com/fund/correlation-ventures) [Company Ventures](https://millionrounds.com/fund/ag-ventures) [Griffin Gaming Partners](https://millionrounds.com/fund/griffin-gaming-partners) [25madison](https://millionrounds.com/fund/25madison) [Sisu Game Ventures](https://millionrounds.com/fund/sisu-game-ventures) [Paul Heydon](https://millionrounds.com/fund/paul-heydon)

## Everyone who backed them

[Firstminute Capital](https://millionrounds.com/fund/firstminute-capital) VC firm **2** rounds, led 1

[First Round Capital](https://millionrounds.com/fund/first-round-capital) VC firm **1** round

[Flybridge](https://millionrounds.com/fund/flybridge) VC firm **1** round

[Correlation Ventures](https://millionrounds.com/fund/correlation-ventures) VC firm **1** round

[Company Ventures](https://millionrounds.com/fund/ag-ventures) VC firm **1** round

[Griffin Gaming Partners](https://millionrounds.com/fund/griffin-gaming-partners) VC firm **1** round

[25madison](https://millionrounds.com/fund/25madison) Accelerator **1** round

[Sisu Game Ventures](https://millionrounds.com/fund/sisu-game-ventures) VC firm **1** round

[Paul Heydon](https://millionrounds.com/fund/paul-heydon) VC firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=coherence).

## Quick answers about Coherence

### Who invested in Coherence?

Coherence's investors include Firstminute Capital, First Round Capital, Flybridge, Correlation Ventures and Company Ventures, and 4 more on record.

### How much has Coherence raised?

Coherence has raised $11M across 3 rounds since 2019. One round did not disclose an amount, so the total is a floor.

### When did Coherence last raise?

Coherence's most recent round was a Venture in Mar 2024.

### What was Coherence's biggest round?

Coherence's largest round on record is $8.0M (Venture), in Apr 2022.

### Who backed Coherence first?

Coherence's first round on record, in Nov 2019, was backed by Firstminute Capital, Sisu Game Ventures and Paul Heydon.

### What stage is Coherence at?

Coherence's latest named round is a Venture, in Mar 2024.

### Where is Coherence based?

Coherence is based in Sweden.

### Who led Coherence's rounds?

Firstminute Capital led the Seed in 2019.

## Companies like Coherence

In the same sector, and raised in the last eighteen months.

[**Klang** $1.5M · Sept 2026](https://millionrounds.com/company/klang)[**Endra** $70M · Jun 2026](https://millionrounds.com/company/endra)[**Reactional Music** $10M · Jun 2026](https://millionrounds.com/company/reactional-music)[**LootLocker** $2.5M · Nov 2025](https://millionrounds.com/company/lootlocker)[**EcoDataCenter** $702M · Sept 2025](https://millionrounds.com/company/ecodatacenter)[**SpaceX** $42B · Oct 2026](https://millionrounds.com/company/spacex)

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