diff --git a/matrix/api.py b/matrix/api.py
index 34a5c57..43074bf 100644
--- a/matrix/api.py
+++ b/matrix/api.py
@@ -1,10 +1,12 @@
-from typing import Awaitable, TypeVar
+import asyncio
+from typing import Awaitable, Iterable, TypeVar
 
 from nio import ErrorResponse, Response
 
 from matrix.errors import MatrixError
 
 T = TypeVar("T", bound=Response)
+R = TypeVar("R")
 
 
 async def matrix_call(coro: Awaitable[T], /, *, error_message: str) -> T:
@@ -33,3 +35,35 @@ async def matrix_call(coro: Awaitable[T], /, *, error_message: str) -> T:
         raise MatrixError(f"{error_message}: {response}")
 
     return response
+
+
+async def bounded_gather(
+    coros: Iterable[Awaitable[R]],
+    /,
+    *,
+    max_concurrent: int = 8,
+) -> list[R]:
+    """Run `coros` concurrently, limited to `max_concurrent` at a time.
+
+    Behaves like `asyncio.gather`, but never runs more than `max_concurrent`
+    awaitables at once. Useful for fanning out many API calls (e.g.
+    broadcasting to many rooms) without overwhelming a shared rate limit by
+    firing every request at once. The first exception raised by any
+    coroutine cancels the rest and propagates immediately, same as
+    `asyncio.gather`'s default behavior.
+
+    ## Example
+
+    ```python
+    messages = await bounded_gather(
+        (room.send(content) for room in rooms), max_concurrent=8
+    )
+    ```
+    """
+    semaphore = asyncio.Semaphore(max_concurrent)
+
+    async def _run(coro: Awaitable[R]) -> R:
+        async with semaphore:
+            return await coro
+
+    return await asyncio.gather(*[_run(coro) for coro in coros])
diff --git a/tests/test_api.py b/tests/test_api.py
index fa1ed7f..1a2ad8c 100644
--- a/tests/test_api.py
+++ b/tests/test_api.py
@@ -1,8 +1,11 @@
+import asyncio
+import inspect
+
 import pytest
 from nio import RoomSendResponse, RoomSendError
 
 from matrix.errors import MatrixError
-from matrix.api import matrix_call
+from matrix.api import bounded_gather, matrix_call
 
 
 @pytest.mark.asyncio
@@ -41,3 +44,55 @@ def test_matrix_call_requires_keyword_error_message__expect_type_error():
 def test_matrix_call_requires_positional_coro__expect_type_error():
     with pytest.raises(TypeError):
         matrix_call(coro=None, error_message="Failed to send message")
+
+
+@pytest.mark.asyncio
+async def test_bounded_gather_with_success__expect_results_in_order():
+    async def value(n):
+        return n
+
+    results = await bounded_gather([value(1), value(2), value(3)])
+
+    assert results == [1, 2, 3]
+
+
+@pytest.mark.asyncio
+async def test_bounded_gather_limits_concurrency__expect_never_exceeds_max_concurrent():
+    active = 0
+    peak = 0
+
+    async def task():
+        nonlocal active, peak
+        active += 1
+        peak = max(peak, active)
+        await asyncio.sleep(0.01)
+        active -= 1
+        return "done"
+
+    results = await bounded_gather([task() for _ in range(10)], max_concurrent=3)
+
+    assert results == ["done"] * 10
+    assert peak == 3
+
+
+@pytest.mark.asyncio
+async def test_bounded_gather_with_exception__expect_it_propagates():
+    async def ok():
+        return "ok"
+
+    async def fail():
+        raise ValueError("boom")
+
+    with pytest.raises(ValueError, match="boom"):
+        await bounded_gather([ok(), fail(), ok()])
+
+
+def test_bounded_gather_default_max_concurrent__expect_eight():
+    default = inspect.signature(bounded_gather).parameters["max_concurrent"].default
+
+    assert default == 8
+
+
+def test_bounded_gather_requires_positional_coros__expect_type_error():
+    with pytest.raises(TypeError):
+        bounded_gather(coros=[])