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All-In-One Doc Startup Coda Reaches $1.4B Valuation In $100M Raise

All-In-One Doc Startup Coda Reaches $1.4B Valuation In $100M Raise In the battle for the almighty blinking computer cursor, all-in-one doc startup Coda is gaining steam. The startup, which offers customizable and collaborative documents, has raised $100 million in a Series D funding round that values it at $1.4 billion, more than double its valuation a year ago. “Our viewpoint is that the lines between the different document formats are artificial and that anyone can make a doc as powerful as an app,” says Shishir Mehrotra, Coda’s cofounder and CEO. A year after Kleiner Perkins led an investment in Coda, this newest funding comes from a surprise source: the Ontario Teachers’ Pension Plan (OTPP). Other major investors include Kleiner Perkins, General Catalyst, Greylock, Khosla Ventures, Madrona Ventures, Underscore VC, NGP Capital, and Renegade Partners.



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