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Funding the future of Coda

August 11, 2020

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Written By  

Coda

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We’re excited to announce that we’ve raised an $80 million round led by Mamoon Hamid from Kleiner Perkins. This funding will help support the maker generation and the 25,000+ teams already using Coda.

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About the round

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Mamoon Hamid — a highly respected B2B venture capitalist and early investor in companies like Slack, Figma, and Intercom — will be joining Coda’s board. He believes in Coda’s vision of enabling anyone to build tools as powerful as apps.

Joining him are several other new investors:

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  • S. Somasegar (Madrona Venture Group) — resonated with Coda’s mission, especially after seeing Madrona’s own internal use of Coda.
  • Michael Skok (Underscore VC) — spoke with teams actively using Coda and was impressed by how adaptable Coda docs can be.
  • Roseanne Wincek (Renegade Partners) — believes in the power of the maker generation and invested as Renegade’s first investment.
  • Rohini Chakravarthy (NGP Capital) — focused on future of work and enterprise, inspired by Coda’s Packs ecosystem and its potential.
  • David Hawkins (Hawk Equity) — sees Coda as essential for businesses adapting to future work needs.

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These new investors join existing backers like Greylock, General Catalyst, and Khosla Ventures, plus several prominent angel investors from tech and beyond.

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What it means for Coda

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With this new backing, Coda plans to focus on three major themes:

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1. Invest in the fundamentals

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Make Coda more solid, performant, and reliable — especially for larger teams and enterprises with needs like data control, security, and connectivity.

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2. Make simple things easy

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Continue refining everyday workflows (e.g., meeting notes or project briefs) to be as smooth and bug-free as possible.

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3. Build the ecosystem of docs and Packs

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Coda wants to grow its doc community and extend its ecosystem by supporting developers and third-party integrations (Packs) even more.

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We’re hiring!

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To help build all this, Coda is hiring across many teams — especially engineering and go-to-market roles. If you’re passionate about empowering others to build their own tools, they’d love to hear from you.

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Closing thanks

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Coda also thanks its users — called makers — for reporting bugs, publishing docs, and advocating for the product. They’re looking forward to what makers will build next.

If you want, I can also format this into a cleaner summary with key bullets or turn it into a notion/Coda ready version you can copy easily — just tell me how you want it!