# Coherence

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/coherence

- Industry: Software
- Headquarters: Malmo, Sweden
- Website: http://www.coherence.io
- Total disclosed funding: $2.5M
- Latest round: Seed (Nov 22, 2019)
- Investors on record: 2

## About

Based in Sweden, Coherence AB operates as a multiplayer game development software company, providing solutions that enhance game connectivity and performance for developers.Coherence AB, founded in 2018 in Malmo, Sweden, specializes in multiplayer game development software. The company has completed a total of 2 deals, with its most recent funding round occurring on April 15, 2022, when it raised USD 8.00 mn. The funding was led by Griffin Gaming Partners. The CEO and one of the founders is Dino Patti, known for his contributions in the gaming industry.Coherence primarily offers a multiplayer game development SDK specifically designed for Unity, catering to diverse teams ranging from solo developers to AAA studios. The SDK provides an efficient and customizable networking solution, enabling developers to create and manage multiplayer experiences across various game architectures, including cloud, peer-to-peer, and hybrid models. The product aims to streamline the transition from single-player to multiplayer formats, assisting developers in enhancing their gameplay offerings without requiring extensive networking knowledge. Coherence’s client base includes indie developers, small studios, and larger enterprises focused on creating engaging multiplayer games. The SDK has been made available in multiple geographical markets, including North America, Europe, and Asia, reflecting its global appeal and versatility in addressing multiplayer development needs.Coherence generated revenue of USD 2,719,457.40 in 2023, with an EBITDA of USD -166.80 for the same year. The company generates revenue through a combination of subscription-based models and direct partnerships with game development studios. Clients can access various hosting options and co-development services, with pricing plans structured to accommodate different scales of production and project requirements. The offerings typically include access to the Coherence SDK, with premium support and architecture planning services available for an additional cost. Such transactions usually occur on a contractual basis, where agreements outline the scope of services provided, payment terms, and deliverables associated with the development projects. The company’s focus on reliability and expert support positions it favorably in the competitive landscape of multiplayer game development, appealing to a broad spectrum of clients looking for robust networking solutions.In April 2022, Coherence AB raised USD 8.00 mn in venture funding led by Griffin Gaming Partners, which will be utilized to launch its technology to other game creators and to expand its team. The company plans to introduce new products, enhancing its current offerings and further developing its SDK to meet evolving market needs. Additionally, Coherence aims to expand into new geographic regions, targeting key markets in Asia and South America by the end of 2024.

## Funding rounds

- Seed, Nov 22, 2019, $2.5M — Sisu Game Ventures, Firstminute Capital

## Investors

- Sisu Game Ventures (https://capitalatlas.ai/funds/sisu-game-ventures) — Seed
- Firstminute Capital (https://capitalatlas.ai/funds/firstminute-capital) — Seed