What is Coda?
Founded in 2014 and headquartered in Mountain View, California, Coda operates as a cloud-based document editor. The platform integrates word-processing, spreadsheet, and database functionalities, offering a comprehensive solution for modern document management and collaboration. This all-in-one approach aims to streamline workflows and enhance productivity for its users, positioning Coda as a key player in the productivity software market.
How much funding has Coda raised?
Coda has raised a total of $300M across 5 funding rounds:
Series A
$25M
Series B
$35M
Unspecified
$60M
Series C
$80M
Series D
$100M
Series A (2014): $25M with participation from Kleiner Perkins, Greylock Partners, and General Catalyst
Series B (2015): $35M led by New Enterprise Associates, Greylock Partners, and Khosla Ventures
Unspecified (2017): $60M supported by General Catalyst, Khosla Ventures, and Greylock Partners
Series C (2020): $80M featuring Kleiner Perkins, Greylock Partners, General Catalyst, and Khosla Ventures
Series D (2021): $100M backed by NGP Capital, Kleiner Perkins, Renegade Partners, Madrona Venture Group, General Catalyst, Ontario Teachers Pension Plan, Khosla Ventures, Underscore VC, and Greylock Partners
Key Investors in Coda
General Catalyst
General Catalyst is a venture capital firm focused on identifying and supporting transformational business opportunities across multiple sectors and stages. They partner with entrepreneurs to accelerate growth and build enduring enterprises through deep sector expertise and operational experience.
Kleiner Perkins
Kleiner Perkins is a venture capital firm that invests in early and growth-stage technology and life science companies, backing founders across consumer, enterprise, healthcare, and climate/hard tech with capital and operational support.
Greylock Partners
Greylock Partners is a venture capital firm focusing on early-stage technology companies in sectors such as consumer internet, enterprise software, infrastructure, AI, cybersecurity, and fintech.
What's next for Coda?
The substantial enterprise-level funding Coda has garnered, particularly the recent strategic investment, indicates a strong confidence from its backers in the company's future expansion and market penetration. This capital infusion is likely to fuel further product development, enhance its technological infrastructure, and support aggressive market outreach. Coda appears poised for significant scaling, potentially exploring new feature sets or expanding into adjacent markets to solidify its competitive advantage in the cloud-based productivity space.
See full Coda company page
