What is Coalesce?
Coalesce Automation Inc. operates within the competitive Business Intelligence (BI) Software sector. Headquartered in San Francisco, California, the company employs between 100 to 249 individuals and reports an annual revenue in the range of $25 million to $50 million. Coalesce focuses on delivering advanced BI solutions, likely aimed at enhancing data analysis and operational efficiency for enterprise clients.
How much funding has Coalesce raised?
Coalesce has raised a total of $81.9M across 3 funding rounds:
Angel/Seed
$5.9M
Series A
$26M
Series B
$50M
Angel/Seed (2022): $5.9M with participation from 11.2 Capital and GreatPoint Ventures
Series A (2022): $26M led by 11.2 Capital and Emergence Capital Partners
Series B (2024): $50M supported by DNX Ventures, Industry Ventures, and Emergence Capital Partners
Key Investors in Coalesce
DNX Ventures
DNX Ventures is an early-stage VC firm focusing on B2B Startups that are shaping industries and transforming the way the company live and work. Established in 2011, the firm manages multiple funds with AUM about $600 million dollars.
Industry Ventures
Industry Ventures is a private equity and venture capital firm that specializes in providing flexible capital solutions across the full lifecycle of venture investing. The firm partners with entrepreneurs, startups, and growth-stage companies to support their development from early-stage ventures through later-stage growth and buyout transitions.
Emergence Capital Partners
Emergence is the leading venture capital firm focused on early-stage enterprise companies. Its mission is to be the most valuable partner to the most important companies that are changing the way the world works.
What's next for Coalesce?
The Series B financing, characterized as a major strategic investment, positions Coalesce for accelerated scaling and market expansion. The involvement of established venture capital firms specializing in enterprise technology suggests a strong validation of the company's product-market fit and future growth potential. This capital infusion will likely be directed towards product development, expanding sales and marketing efforts, and potentially strategic acquisitions to further solidify its market position in the BI software industry.
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