Coefficient Raises $18M in Series A Funding

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Summary

Coefficient, a Mountain View, CA-based company that turns business users into builders with real-time data connectivity and automation in spreadsheets, raised $18M in Series A funding. The company intends to use the funds to expand its product offerings to integrate its data and reporting automation tools with Microsoft Excel, expanding access to millions of additional users, and scale its global operations. Co-founded by Navneet Loiwal and Tommy Tsai, Coefficient is a no-code solution that allows business teams to work with live data directly from their spreadsheets. The core product is a Google Sheets add-on that integrates with CRMs, SQL databases and other SaaS tools to allow business users to import and manipulate data within spreadsheets. Users can also build, share and automate live reports, set up alerts, and write back enriched data to different SaaS tools.

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