HK-born SaaS provider Coherent nets $75m in Maverick-led Series B round

HK-born SaaS provider Coherent nets $75m in Maverick-led Series B round

Photo from Coherent's official website.

Coherent, a global no-code Software-as-a-Service (SaaS) provider with offices in the US and the Asia-Pacific market, announced on Wednesday the completion of a Series B funding round at $75 million to promote the development of business software for the hybrid-work era.

The Series B round was led by early-stage investment firm Maverick Capital, including Maverick Ventures, with participation from Owl Rock, a division of New York-headquartered asset management firm Blue Owl, US venture capital (VC) company GreatPoint Ventures, and existing investors Cathay Innovation and Franklin Templeton.

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