Coefficient is a technology company.
Coefficient has raised $25.0M across 2 funding rounds.
Coefficient has raised $25.0M in total across 2 funding rounds.
Coefficient has raised $25.0M in total across 2 funding rounds.
Coefficient's investors include Battery Ventures, Foundation Capital, PSG, Redpoint Ventures, Anshu Sharma, Accenture, Cervin Ventures, Plug & Play Ventures, Kurt Bilafer, Sanjay Sathe.
Coefficient refers to Coefficient.io, a San Francisco-based technology company founded in 2020 that builds a no-code platform for spreadsheet automation and data integration.[3][4][6] It connects Google Sheets and Excel to various data sources, enabling automatic syncing, real-time updates, and sharing of live data for reports, dashboards, and insights, primarily serving business users like sales and marketing teams who rely on spreadsheets but face delays from IT gatekeepers.[3][4] The product solves the problem of outdated spreadsheet technology—unchanged for 30 years despite over a billion global users—by completing the modern data stack, allowing non-technical users to access and analyze data instantly without dependencies.[3] With 60+ employees, backing from Battery Ventures, Foundation Capital, S28 Capital, and investors like Zoom CEO Eric Yuan, Coefficient shows strong growth momentum in the data integration space.[3][4]
(Note: Other entities like Coefficient Technologies (cybersecurity for SMBs, founded 2004)[1][2][7] or Data Coefficient (data consulting)[5] exist but match less closely with "technology company" focused on innovative products; this analysis centers on the startup.[3][4])
Coefficient.io emerged from the vision of co-founders Navneet and Tommy, who previously built Shopular—a Y Combinator and Sequoia-backed startup acquired by Rakuten Ebates—spotting untapped potential in modernizing spreadsheets.[3] Launched in 2020 amid rising demand for accessible data tools, the company quickly gained traction by addressing a core pain point: business teams' reliance on static spreadsheets disconnected from live systems.[3][4] Headquartered at 156 2nd St in San Francisco, it assembled a remote-friendly, international team of 60+ passionate engineers, product experts, and operators, fostering rapid iteration in a thriving tech ecosystem.[3][4] Pivotal early bets on no-code integration positioned it as a disruptor, backed by top VCs recognizing the shift toward democratized data access.[3]
Coefficient rides the spreadsheet modernization and democratized data access trends, fueled by the explosion of the modern data stack (e.g., tools like Databricks, Snowflake) where business users demand self-service analytics amid AI-driven insights.[3][6] Timing is ideal post-2020, as remote work amplified spreadsheet use while legacy limitations hindered agility; market forces like rising data volumes and no-code/low-code adoption (projected multi-billion growth) favor it.[3] By enabling a billion+ spreadsheet users to tap enterprise data without gatekeepers, Coefficient influences the ecosystem, reducing "data trust gaps" and accelerating decisions for sales/marketing teams, much like how Zapier disrupted workflows.[3][6]
Coefficient is poised to capture more of the $10B+ data integration market by expanding no-code features, AI-enhanced automation, and integrations amid surging demand for accessible analytics.[3][4][6] Trends like generative AI for data querying and embedded analytics will shape its path, potentially boosting ARR through enterprise upsells and global expansion. Its influence may evolve from niche disruptor to standard spreadsheet layer, much like how it already unlocks "new category" opportunities—bet big on business users owning their data destiny, echoing its founders' prior exits.
Coefficient has raised $25.0M across 2 funding rounds. Most recently, it raised $18.0M Series A in November 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Nov 1, 2022 | $18.0M Series A | Battery Ventures, Foundation Capital, PSG, Redpoint Ventures, Anshu Sharma | |
| Oct 1, 2021 | $7.0M Seed | Accenture, Cervin Ventures, Foundation Capital, Plug & Play Ventures, Kurt Bilafer, Sanjay Sathe |