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Growth Equity

Cohere Capital

Cohere Capital takes minority stakes in growing companies, usually without full control, from Boston, Massachusetts, USA. It states a focus on software & internet.

Capital raised$215macross 2 SEC-filed vehicles
Most recent fund2023filing since 2019
HeadquartersBoston, Massachusetts, USA
Stated fund size~$415M+ total; Fund I $200M (2020), Fund II $215M+

Stated investment criteria

What Cohere Capital says it buys

Read from Cohere Capital’s own website in August 2026. This is what the firm says it buys, not what anyone has recorded it buying, and figures are shown in the currency the firm itself used - nothing here is converted. Every line links to the page it was read from.

Maximum enterprise value it states$250m1
Maximum EBITDA it states$20m1
Transaction typesGrowth1

A stated mandate is a firm’s description of itself and was true of the page on the day it was read; firms widen and narrow what they will look at without updating the site. Cohere Capital states that it will take either a controlling or a minority stake. Nothing here is a commitment by Cohere Capital to consider any particular business, and nothing on this page is represented as being for sale.

SEC filings

What Cohere Capital has raised

From this firm's own Form D filings. A fund files one within fifteen days of its first sale, under penalty of perjury, which makes these the hardest numbers on the page.

Vehicles filed2
Total capital raised$215m
Largest single vehicle$115m
Filing history2019 to 2023
Smallest accepted commitmentNone stated
Filed fromMASSACHUSETTS

Form D covers US-domiciled vehicles raised from accredited investors. It will not capture a fund raised outside the United States, separately managed accounts, or capital deployed off balance sheet, so treat these as a floor rather than a total.

Regulatory record

How Cohere Capital is registered

From this firm's Form ADV, the annual filing every registered and exempt investment adviser makes to the SEC.

Adviser statusSEC registered
Regulatory assets under management$441m
Employees7
Private funds advised2 · $441m gross
SEC adviser numberCRD 305806

Valuation context

Transaction values in Software & Internet

What companies have actually sold for in software & internet, across 2,672 recorded transactions.

Median consideration$80m
Middle 50%$20m-$250m
Revenue multiple2.2×
EBITDA multiple10.9×

The full software & internet picture - most active acquirers, recent transactions and every investor in the sector.

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Comparable investors

Similar mandates

Other growth equity investors active in software & internet.