Coda, Would-Be Successor To Google’s G-Suite, Now Valued Above $600 Million

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While Slack and Microsoft Teams spar over users in the new world of work-from-home, a much-hyped startup is taking on a different tech titan, Google and its productivity G-Suite, with a major new round of funding from venture capital investors.

Coda, a San Francisco area-based startup which helps users collaborate in online documents that function as their own lightweight apps, has raised $80 million in a funding round that values the company at $636 million, the company tells Forbes. Kleiner Perkins led the funding round, and was joined by existing investors Greylock, Khosla Ventures and General Catalyst.

Coda is one of the newer entrants in the red hot area of workplace productivity known as “the future of work,” which includes companies ranging from video-conferencing platform Zoom to Microsoft’s Office 365. The space has seen a surge in demand from large and small companies seeking to keep their employees connected while they work away from the office during the Covid-19 pandemic.

Shishir Mehrotra, Coda’s CEO and co-founder, previously held senior roles at Microsoft and YouTube alongside his co-founder and college friend Alex DeNeui. The pair started Coda in 2014 with the goal of reimagining the online document: rather than have separate platforms for spreadsheets, documents, presentations, and to-do lists, Coda could offer a blank slate where all could be created in one place.