1. to finance jointly with one or more other parties; to share the cost of financing something
Usage: transitive verb; often used in business, development, and international contexts

Examples

• The two banks agreed to cofinance the infrastructure project.
• Several countries cofinanced the research initiative to reduce costs.
• The government and private investors cofinanced the new hospital.
• International organizations often cofinance development programs in emerging nations.
• The company cofinanced the expansion with a venture capital firm.