What is Coefficient?
Founded in 2017, Coefficient offers a no-code platform designed to bridge the gap between spreadsheets and diverse company data sources. This solution empowers businesses to accelerate data analysis, generate up-to-date reports, and gain actionable insights without requiring extensive technical expertise. Coefficient's technology is pivotal for organizations seeking to streamline their data operations and enhance decision-making processes through always-current information.
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 Eric Yuan, S28 Capital, Foundation Capital, Kedar Doshi, and Einstein Analytics
Series A (2022): $18M led by S28 Capital, Foundation Capital, and Battery Ventures
Key Investors in Coefficient
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. The firm has a strong track record, having raised over $200 million in venture capital and created over $2 billion in enterprise value. S28 Capital aims to provide comprehensive support to entrepreneurs through their journey, leveraging their diverse perspectives and extensive experience in scaling startups. They focus on fostering strong partnerships and lifelong friendships with the founders they work with.
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. With a history of backing transformative ideas, the firm focuses on innovation that reshapes industries, guided by a strong belief in conviction, collaboration, and a commitment to lasting impact.
Battery Ventures
Battery partners with exceptional founders and management teams developing category-defining businesses in markets including software and services, enterprise infrastructure, online marketplaces, healthcare IT and industrial technology. Founded in 1983, the firm backs companies at all stages, ranging from seed and early to growth and buyout, and invests globally from offices in Boston, San Francisco, Menlo Park, Israel, London and New York.
What's next for Coefficient?
With the recent major strategic investment, Coefficient is poised for accelerated growth and market expansion. The substantial capital infusion, totaling $24.7M, suggests a Series A or later stage of development, indicating the company is scaling its operations, enhancing its product offerings, and potentially broadening its market reach. This strategic backing will likely fuel further innovation in its no-code data integration and reporting capabilities, solidifying its position in the competitive business intelligence landscape.
See full Coefficient company page
