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Bay Area-based startup Coda aloft a $80 actor annular led by Kleiner Perkins for its online certificate accord software.
Founded in 2014 and led by Shishir Mehrotra, a above administrator at Microsoft and Google, Coda brings calm documents, spreadsheets, and apps into one platform. It uses “building blocks,” templates, and customizable views, and additionally connects to added apps such as Jira and Slack. Customers accommodate Spotify, Uber, Intercom, Square, and others.
Seattle adventure basic close Madrona Adventure Group additionally alternate in the Series C round, advance out of its Acceleration Fund.
“Coda envisions a approaching area abstracts are animate and alternate – enabling users to coact with data, to coact with systems, and to automate ahead chiral processes,” Madrona Managing Administrator S. “Soma” Somasegar wrote in a blog post. “Coda imagines a apple area everybody can be a ‘maker’ and can use Coda to accurate what they appetite to and coact with others seamlessly.”
Somasegar said the advance in Coda fits into Madrona’s focus on abetment companies in the “Future of Work” and “low-code/no-code” areas.
Welcome to the apple of abstracts as able as applications – @MadronaVentures captivated to be a allotment of the @coda_hq @shishirmehrotra adventure #futureofwork https://t.co/7Ssh5FSMQg
— S. Somasegar (@SSomasegar) August 11, 2020
Coda is benumbed a trend of added use of abode accord software, decidedly in the accomplished several months with alien assignment amidst the pandemic.
Other investors in annular accommodate Underscore VC, Renegade Partners, NGP Capital, and Hawk Equity. Greylock, General Catalyst, Khosla Ventures, and a cardinal of acclaimed angels ahead invested.
“With all these backers abutting the maker generation, we’re added able than anytime to reimagine docs,” Mehrotra wrote in a blog post. “In the accomplished year, we’ve fabricated big advance in authoritative Coda simpler, cleaner, and faster for your team; now you can apprehend alike more.”
Mehrotra co-founded Coda with Alex DeNeui, who awash his antecedent startup DocVerse to Google. They ahead aloft a $60 actor annular for Coda in 2017.
Coda is now admired at $636 million, according to Forbes. The 70-person aggregation affairs to bifold headcount and is growing an engineering aggregation in the Seattle region.
“It’s bright that there is accurate amount in Coda’s eyes for the world, that if accustomed the appropriate set of architecture blocks, anyone can accomplish a doc as able as an app,” Mamoon Hamid, accomplice at Kleiner Perkins and an aboriginal broker in Slack, Box, Yammer, and added companies, said in a statement. “Today, Coda is added accordant than anytime as teams acclimate processes and acuminate their workflows.”
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