The logic of bunched implications (BI) is a substructural logic that forms the backbone of separation logic, the much studied logic for reasoning about heap-manipulating programs. Although the proof theory and metatheory of BI are mathematically involved, the formalization of important metatheoretical results is still incipient. In this paper we present a self-contained formalized, in the Coq proof assistant, proof of a central metatheoretical property of BI: cut elimination for its sequent calculus. The presented proof is semantic, in the sense that is obtained by interpreting sequents in a particular "universal"model. This results in a more modular and elegant proof than a standard Gentzen-style cut elimination argument, which can be subt...