How much did Coherent raise?

Coherent raised $75 Million in a Series B round on April 27, 2022.

Where is Coherent based and how big is it?

Coherent is based in Saxonburg, Pennsylvania, United States. Fundz records about 30,216 employees.

Who are the decision-makers at Coherent?

Fundz holds 1 contact at Coherent. Names and contact details are shown to Fundz members.

Coherent Raises $75 Million Series B Led By Maverick Capital To Ignite Business Software Development For The Hybrid-Work Era

PUBLIC · COHRApr 27, 2022

Amount Raised

$75 Million

Round Type

Series B

SaxonburgInformation TechnologySoftwareData And Analytics

Description

Coherent, a global no-code software-as-a-service (SaaS) provider, today announced it has closed a $75 million Series B funding round led by Maverick Capital, including Maverick Ventures, with participation from Owl Rock, a Blue Owl division, GreatPoint Ventures, and existing investors Cathay Innovation and Franklin Templeton.

Quick answer

Coherent raised $75 Million in a Series B round, dated April 27, 2022. Coherent is based in Saxonburg, Pennsylvania, United States.

How much did Coherent raise?: Coherent raised $75 Million in a Series B round on April 27, 2022.
What does Coherent do?: Coherent is a global software-as-a-service (SaaS) company redefining how business and IT teams build software together.
Where is Coherent based and how big is it?: Coherent is based in Saxonburg, Pennsylvania, United States. Fundz records about 30,216 employees.
Who are the decision-makers at Coherent?: Fundz holds 1 contact at Coherent. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Data And Analytics and Software around the same time

Companies in the same sectors as Coherent that raised within 45 days of this round, from Fundz verified event records.

MoEngage raised $77M on June 10, 2022.
Cloverleaf raised $9M (Series A) on June 9, 2022.
Immuta raised $100M (Series E) on June 8, 2022.
Front raised an undisclosed amount (Seed) on June 8, 2022.
Onfleet, Inc. raised $23M (Series B) on June 7, 2022.
PayShepherd raised $3M (Seed) on June 7, 2022.

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Company Information

Company

Coherent

Location

375 Saxonburg Blvd

Saxonburg, Pennsylvania, United States

About

Coherent is a global software-as-a-service (SaaS) company redefining how business and IT teams build software together. Most companies run critical business operations on hundreds of spreadsheets. Additionally, they spend billions globally on IT budgets to recode the business logic inside spreadsheets to add connectivity to other applications, auditability, and cloud scalability. Coherent’s core technology, Spark, is a no-code SaaS platform that makes building business software as fast, approachable, and cost-effective as using Excel. Create the first API (Application Programming Interface) from your existing Excel rules, formulas, and data models in minutes and make it available on the cloud to connect with any modern application. Then supercharge them by adding deep versioning control, automated testing, and parallel simulation capabilities. See how easy it is to connect your business expertise to your IT systems and teams by unleashing the power of Excel with Coherent Spark. For more information visit: https://www.coherent.global/.

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Timeline to next round

Series B companies typically work for 15-20 months before raising new capital

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Series B companies are expected to scale rapidly and expand market reach

Coherent raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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