# Coherent Capital Advisors

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/coherent-capital-advisors

- Industry: Software
- Headquarters: Hong Kong, Hong Kong SAR - China
- Website: www.coherent.com.hk
- Total disclosed funding: $89M
- Latest round: Series B (Apr 27, 2022)
- Investors on record: 5

## About

Coherent Capital Advisors Limited is a Hong Kong-based firm specializing in enterprise spreadsheet intelligence through its innovative platform, Coherent Spark, which enhances and automates Excel processes for organizations.Founded in 2018 and headquartered in Hong Kong, Coherent Capital Advisors Limited focuses on providing advanced spreadsheet solutions. The company has successfully completed 2 deals, with its most recent funding round occurring in April 2022. In this Series B funding round, Coherent raised USD 75 mn led by Maverick Capital, with participation from Blue Owl Capital, Cathay Capital, Franklin Templeton, and GreatPoint Ventures. The CEO team includes Helen Attenborough, Joel Lim, John Brisco, Sakura Kawakami, Stephen Pemberton, and Todd Buchanan. The company has not undergone significant operational pivots or changes since its inception.Coherent specializes in an enterprise spreadsheet intelligence platform known as Coherent Spark. This comprehensive solution is designed to automate, govern, and enhance the use of Excel across organizations, providing advanced functionalities that leverage artificial intelligence to transform legacy spreadsheet processes. Coherent Spark empowers users by simplifying compliance, governance, and workflow management, allowing them to gain actionable insights and generative recommendations from their Excel data. The platform targets businesses of all sizes, particularly in property and casualty insurance, banking, and capital markets, serving clients across North America, Europe, and Asia.Coherent's revenue model is primarily based on a subscription service for its flagship platform, Coherent Spark, designed for enterprise clients. The company engages in B2B transactions, offering annual or multi-year subscription plans tailored to clients' specific needs. These plans feature varying levels of service and support, enabling organizations to select a pricing structure that aligns with their operational requirements and scale. Clients benefit from streamlined integrations and advanced features, such as automated workflows and data governance capabilities, and may also engage in partnerships to expand service offerings.In April 2022, Coherent Capital Advisors Limited raised USD 75 mn in Series B funding to support its growth initiatives. The funding will be utilized to enhance the product, engineering, and sales teams in the U.S. and Asia-Pacific regions. The company aims to expand its market presence by developing new product features for Coherent Spark, focusing on improving user engagement and compliance functionalities. Coherent is also exploring entry into additional geographic markets to reach a broader client base by the end of 2023.

## Funding rounds

- Series B, Apr 27, 2022, $75M — Cathay Capital, GreatPoint Ventures, Franklin Templeton, Maverick Capital, Blue Owl
- Series A, Nov 10, 2020, $14M — Cathay Capital, Franklin Templeton

## Investors

- Cathay Capital — Series A, Series B
- Franklin Templeton (https://capitalatlas.ai/funds/franklin-templeton) — Series A, Series B
- GreatPoint Ventures (https://capitalatlas.ai/funds/greatpoint-ventures) — Series B
- Maverick Capital (https://capitalatlas.ai/funds/maverick-capital) — Series B
- Blue Owl (https://capitalatlas.ai/funds/blue-owl) — Series B