Coda has raised a total of $240 million across multiple funding rounds, including $60 million in Series B in October 2017, $80 million in Series C in August 2020 led by Kleiner Perkins and Underscore VC, and $100 million in Series D in July 2021 led by Ontario Teachers' Pension Plan. The total funding helped Coda scale its document-spreadsheet project management platform, expand its enterprise client base including Uber, Spotify, Box, DoorDash, and The New York Times, and achieve a $1.4 billion valuation as of July 2021.