The round was led by Battery Ventures, the global technology investment firm, along with existing investors Foundation Capital and S28 Capital. The new funding will enable Coefficient-whose product is currently used by customers including Zendesk, Spotify, Foursquare, Contentful and Miro-to expand its product offerings and scale its global operations.

Coefficient is a no-code solution that allows business teams to work with live data directly from their spreadsheets. This empowers anyone in the company to build reports and workflows that are real-time, flexible and accurate without any knowledge of SQL or other advanced tools. Now, companies can truly democratize data insights and empower teams to drive results.