Cohere Stock: Will Cohere IPO after the Series D Round?

Explore ways to invest in Cohere stock before the IPO. Linqto* removes barriers to private markets and gives you access to invest in pre-IPO companies. Cohere is recently available to accredited investors as of December 2024.

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Notable Cohere News

01/09/2025: Cohere co-founder sees opportunity in enterprise
12/16/2024: Cohere is quietly working with Palantir
12/06/2024: Ottawa to provide $240-million to help Cohere build data center
08/27/2024: An AI platform tailored for the enterprise
Older news…

About Cohere

Cohere is a Canadian artificial intelligence (AI) and large language model (LLM) developer focused on the enterprise market. The company was founded in 2019 by former Google Brain AI researchers. The cofounders all attended the University of Toronto.

Though OpenAI is the most recognized technology innovator in the AI era, the market for AI software is big enough for multiple large providers. 

Cohere may not be a household name, but it has landed lucrative partnerships with companies like Oracle, Nvidia, Salesforce, and productivity software company Notion.

It also partners with the largest cloud providers and consulting firms like McKinsey and Accenture to help enterprises transform their businesses with AI.

Cohere raised $270 million in the Summer of 2023 and is reportedly seeking more funding in 2024 at a $5 billion valuation.

The company’s headquarters are in Toronto and San Francisco.

Ownership

Cohere is a privately held for-profit startup. The founders, corporate venture arms, and multiple venture capital firms own Cohere. 

Prominent venture capital investors include Index Ventures, Inovia Capital, DTCP, Mirae Asset, Schroders Capital, SentinelOne, Thomvest Ventures, Section 32, Radical Ventures, NVIDIA, Oracle, Salesforce Ventures, Geoffrey Hinton, Fei-Fei Li, Pieter Abbeel, Raquel Urtasun, and Mike Volpi.

Funding Rounds

WordPress Data Table Plugin

Valuation

The latest confirmed Cohere valuation is $5.5 billion, based on the Series D $500 million funding round which completed in July 2024

Transaction data from pre-IPO marketplaces Hiive and Caplight suggest the valuation had risen to an estimated $4 billion before the Series D closed.

IPO Potential

The Cohere IPO date is currently unknown. The company is relatively new but could seek an IPO if AI companies successfully enter the public markets.

One AI pure-play company, Cerebras, has indicated it intends to go public in 2024. If successful, several AI startups may line up to access the vast public markets. 

How to Invest in Cohere

Since Cohere is a private company, it is challenging to become an equity owner today.

However, by taking the actions outlined below, you can increase your chances of early equity ownership or obtaining shares in the IPO.

Accredited investors will have an easier time using pre-IPO investing platforms. 

1. Invest directly via pre-IPO marketplaces

Investors can monitor pre-IPO marketplaces like Hiive, EquityZen, Equitybee, Forge Global, and Linqto (recently available) for availability.

Hiive allows interested buyers to place bids to find a willing seller. 

Access may be offered for sale by early investors or employees before the IPO, especially if the company raises more venture capital.

Investment minimums on these platforms range from $2,500 to $50,000 or more. The SEC requires pre-IPO investors in individual companies to be accredited. 

Signing up for online access to pre-IPO data, deal alerts, and expressing interest in currently unavailable startups is free.

Check out our list of top pre-IPO investing platforms for current share availability across platforms. 

2. Access Cohere stock via Venture Capital Funds

Cohere stock is unavailable for retail purchase via the two prominent pre-IPO venture capital funds. Non-accredited investors should monitor these funds to see what pre-IPO companies are available for investment. 

The Fundrise Innovation Fund (review) owns several pre-IPO stocks, including Databricks, Anthropic, Canva, and ServiceTitan. 

All U.S.-based retail investors 18+ can own the fund to gain investment exposure to these pre-IPO companies. The minimum investment is $10.

Unfortunately, the fund has not purchased a stake in Cohere. We’ll be monitoring the fund holdings for the latest developments. 

Please note: This is a testimonial in partnership with Fundrise. We earn a commission from partner links on AccessIPOs.com. All opinions are my own.

3. Own Equity Indirectly

Salesforce, Oracle, Cisco, AMD, and Nvidia have invested in Cohere. Therefore, retail investors can own these publicly traded stocks to gain exposure to Cohere. 

The ownership stakes are small compared to the overall market cap of these giant tech companies. Nonetheless, indirect ownership is an easy and low-risk way to gain investment exposure to non-traded companies. 

4. Participate in the Cohere IPO through a broker

Cohere has conducted multiple private funding rounds. One report indicated the company aims to raise new funds at a $5 billion valuation in early 2024. 

Having taken on significant venture capital investments from multiple sources, Cohere will likely need to IPO or sell itself to pay back investors. If one of its large corporate investors doesn’t take it over, an IPO could be likely in the next few years.

Companies like Oracle and Salesforce, which already have deep ties to enterprise software licensing, could package Cohere into their existing products to upsell to customers. 

If Cohere chooses the IPO path instead, the following online brokers give customers free access to IPOs, even with low account balances:

• TradeStation 
• Robinhood

Exclusive access to highly sought-after IPOs may be limited based on the type of brokerage accounts you hold and which brokerages have secured exclusive rights.

TradeStation has a longer track record of accessing more than 360 IPOs and secondary offerings via its partnership with ClickIPO. 

However, Robinhood has the advantage of Silicon Valley networks and a history of getting allocations for high-profile IPOs.

Read the S-1 filings to find mentions of these online brokers to find opportunities. 

Check out this list of best brokers for IPO investing to learn more about IPO access for retail investors.

5. Buy the stock after the IPO

Investors often face challenges in acquiring pre-IPO shares or securing an allocation during the IPO. 

However, opting to wait for a startup’s transition to becoming a publicly traded entity can yield strategic advantages.

The IPO filing gives investors financial insights, while subsequent quarterly reports offer better insight into company performance. 

IPO stock prices often surge for companies experiencing high demand, presenting opportunities for early investors to capitalize on price escalations.

Conversely, post-IPO investors may encounter temptation to buy shares at inflated prices, a risk mitigated by refraining from chasing exorbitant valuations immediately post-IPO.

Post-IPO stock price declines can serve as favorable entry points. Thus, exercising patience can be a lucrative investment strategy.

Frequently Asked Questions (FAQs)

Is Cohere Stock Publicly Traded?

No. Cohere is not publicly traded. It is a private company. 

What is the Cohere Stock Price?

A public Cohere stock price does not exist because the company is private. 

At a $5 billion valuation, the share price is expected to trade at around $240 per share. 

Monitor platforms like Hiive for the latest share availability

What is the Cohere Ticker Symbol?

There is no Cohere stock symbol yet because it is a private company.

Here are a few Cohere ticker suggestions that are available in the U.S.: 

• COHE
• HERE
• CHER

Where is the Cohere S-1 Filing?

Cohere has not released an S-1 filing to the public and there is no report of a confidential S-1 filing yet. 

The company may be weighing its options regarding pursuing a public path or acquisition. We expect at least one more private round before pursuing an IPO or acquisition. 

News of a confidential or public S-1 filing would kick off the IPO process, suggesting the IPO could occur during the following months. 

When the company releases the S-1 filing to investors, we’ll link to and embed the document on this web page.

In the meantime, you can check out the most recent S-1 filings in our S-1 filings feed.

Cohere News Archive

08/08/2024: Snowflake Looks to Cohere to Jump-Start Growth
07/22/2024: Cohere Valued at $5.5 Billion in New Funding Round
06/04/2024: Nvidia and Salesforce to Invest in Cohere $450M round
04/25/2024: Cohere shakes off haters: ‘We’re still sort of the underdog’ 
03/27/2024: Cohere Nears Deal to Raise at $5 Billion Valuation
06/08/2023: Cohere Announces $270M Series C
08/30/2023: Cohere Taps JPMorgan, Goldman for Financing
11/15/2021: The Cohere Platform is now publicly available
09/07/2021: Cohere Raises $40 Million in Series A Financing

Conclusion

Retail investors seek opportunities to invest in companies capitalizing on significant macroeconomic and technological trends, such as AI. While some companies, like Cohere, focus on refining their AI models for enterprise markets, others have broader targets.

Acquiring ownership in companies like Cohere, Inflection AI, or Anthropic before their IPO can be challenging, especially for non-accredited retail investors. However, platforms and venture capital funds are expanding opportunities for retail investors. 

Investors may encounter hurdles in securing pre-IPO or IPO shares, depending on how prolific Cohere continues to engage VC investors. Cohere might remain private for several more years after completing its Series C fundraising, or it could look for an acquirer. 

If you’re interested in pre-IPO equity in Cohere stock, patience is key as the IPO could still be years away. Investing in pre-IPO and IPO companies carries risks, so proceed with caution and good luck.