Coda is a San Francisco–based enterprise collaboration company redefining productivity through an all-in-one document platform. Founded in 2014 by Shishir Mehrotra and Alex DeNeui, Coda merges the power of documents, spreadsheets, and databases into a single interactive workspace. The platform empowers teams to plan, track, and collaborate seamlessly using customizable templates, real-time data sync, and automation features.
What Is Coda and What Does It Do?
Coda, founded in 2014 by Shishir Mehrotra and Alex DeNeui, is a San Francisco-based (United States) enterprise collaboration company.
With a team of 221 employees as of December 2022, Coda develops a document and spreadsheet-based project management platform that combines documents, spreadsheets, and cards into a single customizable document. It enables teams to manage kanban boards, edit and collect documents, and share ideas.
Coda also provides word processing, spreadsheet, and database solutions, alongside a mobile app for iOS devices, serving clients like Uber, Spotify, Box, DoorDash, and The New York Times.
How Much Funding Has Coda Raised?
1. Series B
- Amount Raised: $60M
- Date: October 2017
- Lead Investors: Greylock, Khosla Ventures, General Catalyst, New Enterprise Associates, Kleiner Perkins
- Motivation: To expand the platform and grow enterprise adoption.
2. Series C
- Amount Raised: $80M
- Date: August 2020
- Lead Investors: Kleiner Perkins, Underscore VC, Renegade Partners, NGP Capital, Greylock, General Catalyst, Hawk Equity, Khosla Ventures, Madrona (Angel: Evan Williams)
- Motivation: To scale operations, enhance product features, and expand enterprise clientele.
3. Series D
- Amount Raised: $100M
- Date: July 2021
- Lead Investors: Kleiner Perkins, General Catalyst, Greylock, Khosla Ventures, NGP Capital, Renegade Partners, Underscore VC, Madrona (Corporate: Ontario Teachers' Pension Plan)
- Motivation: To strengthen market position, grow team, and accelerate product innovation.
Total Funding Raised: $240 Million
Current Valuation: $1.4 Billion (as of July 2021)
Latest Funding Date: July 2021
Key Investors
1. Hawk Equity
- Details: Institutional investor focused on technology startups.
- Investment Focus Areas: Enterprise software, SaaS platforms, high-growth tech.
- Notable Investments: Coda, early-stage SaaS companies.
2. Ontario Teachers' Pension Plan
- Details: Corporate institutional investor participating in late-stage funding.
- Investment Focus Areas: Technology, enterprise solutions, long-term growth companies.
- Notable Investments: Coda, various global technology ventures.
3. Kleiner Perkins
- Details: Leading venture capital firm focused on technology and innovation.
- Investment Focus Areas: SaaS, enterprise software, and cloud infrastructure.
- Notable Investments: Coda, Slack, Airbnb, Stripe.
Where Is Coda’s Headquarters?
Coda is headquartered in San Francisco, United States, a key technology hub that provides access to top-tier engineering talent, venture capital, and a collaborative ecosystem for SaaS and enterprise software innovation. The location supports Coda’s growth in the enterprise collaboration market and its engagement with major clients and technology partners globally.
What’s Next for Coda?
Coda aims to expand its platform capabilities, including enhanced integrations with enterprise systems and advanced project management features. Plans involve deepening penetration with large-scale enterprise clients, optimizing user experience, and further developing its iOS and mobile offerings.
With substantial funding backing and a growing client base, Coda is well-positioned to become a leading document and project management platform for global enterprises, while continuing to innovate in collaborative work solutions.
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