Private Market View

Cohere

Business/Productivity Software · Toronto, Canada · Founded 2019 · Privately Held (backing)

Last price · $/share
$119
May 2025
Implied valuation
$7.0B
Total raised
$1.6B
Last round
Later Stage VC (Series D1)
Sep 2025

Key facts

  • Cohere’s last known valuation is $7.0B (Sep 2025).
  • It has raised $1.6B across 3 recorded rounds; the latest was Later Stage VC (Series D1) ($700.0M) in Sep 2025.
  • Notable investors include Alumni Ventures, Creative Destruction Lab, Index Ventures, BDC Capital, Nvidia — 52 tracked in total.
  • Private Market View tracks 11 recorded secondary trades in Cohere shares.
  • 4 investment vehicles were formed to buy Cohere shares in the last 12 months, reporting $56.6M sold to 227 investors, per SEC Form D filings.
  • Cohere has filed 4 Form Ds with the SEC since 2019, most recently Feb 2023 ($1.1M sold to 21 investors).
  • Status: Privately Held (backing).
PA Mark — not yet priced

Cohere doesn't have a composite mark yet — a PA Mark is published once enough pricing inputs exist (trade prints, fund marks, round prices). The rest of the record below builds toward it.

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Recorded secondary trades

11 on record · Dec 2023 – May 2025

11 trades between Dec 2023 and May 2025. Exact dates, prices and structures are available to Pro members.

Dec 2023peak 3 prints / monthMay 2025
Counts and months are public. The prints are the product.Unlock 11 trade prints

Institutional fund marks

No fund marks yet

No SEC-registered fund has reported a fair-value mark on Cohere in its N-PORT filings yet. We sweep new filings monthly.

Pro members can request priority coverage with a 48-hour turnaround.

Funding rounds

3 rounds
Sep 2025Later Stage VC (Series D1)$700.0M▮
Jul 2024Later Stage VC (Series D)$500.0M▮
Jun 2023Later Stage VC (Series C)$270.0M▮
Full funding history →

Secondary demand: investment vehicles

from SEC Form D filings

In the last 12 months, 4 investment vehicles were formed to buy Cohere shares, reporting $56.6M sold to 227 investors across 4 sponsors. Most recent filing Mar 2026. Vehicles like these are how secondary buyers pool demand for a name; a rising count is a demand signal.

The vehicle list — each sponsor, filing date, amount sold and investor count — is a Pro table. Unlock the 4 vehicles →
Companies with the most vehicle activity →

About Cohere

Developer of a natural language processing software designed to build machines that understand the world and to make them safely accessible to all. The company's software provides access to language models that read multiple web pages, which also teach users to understand the meaning, sentiment, and tone of the words, enabling businesses to improve comprehension capabilities to build personalized user experiences.

Industry
Business/Productivity Software
Sector
Information Technology
HQ
Toronto, Canada
Founded
2019
Employees
450
Ownership
Privately Held (backing)