Overview

Coda.io provides a platform that enhances team collaboration and productivity by combining traditional document features with interactive application capabilities. Users can create, share, and manage documents that integrate with over 600 other tools, allowing for seamless workflows without the need to switch between multiple applications. This integration includes pulling data from Google Calendars, updating Slack, embedding Figma files, and creating Jira tickets. Coda.io operates on a subscription-based model with various pricing tiers, making it accessible for teams of all sizes. The platform also features a gallery of user-generated solutions, showcasing how different teams utilize Coda to improve their processes. Coda.io's goal is to create a centralized environment that fosters organization and collaboration among diverse clients, including small businesses and large enterprises.

Simplify's Take

What believers are saying

• Coda's acquisition by Grammarly may lead to innovative AI-powered productivity tools.
• Partnership with Snowflake enhances data management capabilities for enterprise users.
• Coda AI integrates generative AI to improve meeting note summarization and efficiency.

What critics are saying

• Increased competition from AI-powered tools like Grammarly may shift market dynamics.
• Partnership with Snowflake could create dependencies affecting Coda's strategic direction.
• Coda AI may face data privacy challenges amid growing scrutiny on AI technologies.

What makes Coda unique

• Coda combines documents, spreadsheets, and apps into a single interactive platform.
• Over 600 integrations allow Coda to centralize workflows and enhance productivity.
• Coda's subscription model offers scalable solutions for teams of all sizes.

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Funding

Total Funding

$300M

Above

Industry Average

Funded Over

5 Rounds

Notable Investors:

Kleiner PerkinsGeneral CatalystGreylock PartnersNew Enterprise Associates

Notable Investors:

Kleiner PerkinsGeneral CatalystGreylock PartnersNew Enterprise Associates

$100,000,000

Series D

Jul 2021

Series D funding is typically for companies that are already well-established but need more funding to continue their growth. This round is often used to stabilize the company or prepare for an IPO.

Series D Funding Comparison

Above Average

Industry standards

Ind Avg. $77M

$49M

$50M

$70M

$80M

$100M

$100M

View all funding stages