What is Coda?
Founded in 2014 and headquartered in Mountain View, California, Coda offers a comprehensive cloud-based platform that integrates word-processing, spreadsheet, and database functionalities. This all-in-one approach aims to streamline workflows and enhance productivity for businesses by consolidating essential document management tools into a single, cohesive environment. The company's focus on providing a versatile and powerful document editor positions it as a key player in the productivity software sector, catering to a wide range of professional needs.
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, General Catalyst, and Greylock Partners
Series B (2015): $35M led by Khosla Ventures, New Enterprise Associates, and Greylock Partners
Unspecified (2017): $60M supported by General Catalyst, Khosla Ventures, and Greylock Partners
Series C (2020): $80M featuring General Catalyst, Greylock Partners, Kleiner Perkins, and Khosla Ventures
Series D (2021): $100M backed by Underscore VC, Kleiner Perkins, Renegade Partners, Ontario Teachers' Pension Plan, Khosla Ventures, Madrona Venture Group, General Catalyst, NGP Capital, 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, deploying capital strategically to back entrepreneurs pursuing ambitious visions.
Greylock Partners
Greylock Partners is a venture capital firm that focuses on early-stage technology companies in sectors such as consumer internet, enterprise software, and AI, backing market-defining businesses.
Kleiner Perkins
Kleiner Perkins is a venture capital firm that invests in early and growth-stage technology and lifescience companies, backing founders across consumer, enterprise, healthcare, and climate/hard tech.
What's next for Coda?
The substantial enterprise-level funding Coda has attracted signals a strategic push towards further expansion and innovation. This capital infusion is likely to fuel advancements in its core product, potentially leading to the development of new features or enhanced integrations. Furthermore, the investment will support Coda's efforts to broaden its market reach, acquire new customers, and solidify its competitive position against established players in the document collaboration and productivity space. The company's continued access to significant financial backing suggests a strong investor confidence in its long-term vision and market potential.
See full Coda company page
