What is Coefficient?
Founded in 2017 and based in Mountain View, California, Coefficient offers a no-code platform designed to seamlessly connect spreadsheets with diverse company data sources. This innovative solution empowers businesses to accelerate data analysis, generate up-to-date reports, and gain actionable insights without requiring extensive technical expertise. Coefficient's technology bridges the gap between raw data and business intelligence, making sophisticated reporting accessible to a wider range of users.
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 Kedar Doshi, S28 Capital, Einstein Analytics, Eric Yuan, and Foundation Capital
Series A (2022): $18M led by Battery Ventures, Foundation Capital, and S28 Capital
Key Investors in Coefficient
Battery Ventures
Battery Ventures is a venture capital firm that partners with exceptional founders and management teams developing category-defining businesses across various technology sectors. They support companies at all stages, from seed to buyout, globally.
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, providing comprehensive support through their journey.
What's next for Coefficient?
With the recent influx of major strategic investment, Coefficient is poised for significant expansion. The company's focus on simplifying data integration and reporting for businesses positions it well to capitalize on the growing demand for accessible business intelligence tools. Future developments are likely to include enhancements to its no-code capabilities, broader data source integrations, and scaling its go-to-market strategy to reach a larger enterprise client base. This latest backing signifies strong investor confidence in Coefficient's vision and its ability to disrupt the data analytics landscape.
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