What is Coefficient?
Founded in 2017, Coefficient operates at the intersection of business intelligence and operational efficiency. The company provides a sophisticated no-code platform that allows users to connect live company data directly into spreadsheets. This functionality eliminates the manual overhead typically associated with data extraction and report generation, ensuring that business stakeholders are always working with real-time, accurate information. By democratizing access to complex data sets, Coefficient empowers non-technical teams to build dynamic reports, thereby reducing reliance on IT departments and fostering a culture of self-service analytics across the enterprise.
How much funding has Coefficient raised?
Coefficient has raised a total of $24.7M across 2 funding rounds:
Angel/Seed
$6.7M
Series A
$18M
Angel/Seed (2021): $6.7M with participation from Foundation Capital, Eric Yuan, Einstein Analytics, S28 Capital, and Kedar Doshi
Series A (2022): $18M led by Battery Ventures, S28 Capital, and Foundation Capital
Key Investors in Coefficient
Foundation Capital
Foundation Capital is a venture capital firm that partners with bold founders building category-defining technology companies, supporting entrepreneurs from the earliest stages through long-term growth with deep operational and strategic expertise.
S28 Capital
S28 Capital is a San Francisco-based venture fund led by experienced operators and entrepreneurs dedicated to supporting the next generation of founders in building their companies.
Battery Ventures
Battery Ventures partners with exceptional founders and management teams developing category-defining businesses in markets including software and services, enterprise infrastructure, and industrial technology.
What's next for Coefficient?
With the successful closure of its latest financing round, Coefficient is well-positioned to expand its product roadmap and deepen its integration capabilities across the enterprise software ecosystem. The strategic focus will likely center on enhancing the platform's scalability and security features to meet the rigorous demands of larger corporate clients. As the company continues to refine its core technology, it is expected to leverage its strong investor backing to accelerate market penetration and solidify its role as an essential layer in the modern data stack. The emphasis remains on maintaining a competitive edge in the rapidly evolving landscape of automated business reporting and data orchestration.
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