Kleiner Perkins led the funding round, and was joined by existing investors Greylock, Khosla Ventures and General Catalyst. (Coda declined to provide its total number of corporate customers; it can count multiple “teams” per company.) The latest funding round was opportunistic, Mehrotra says, to be used to scale its business. The hype around Coda, and its “opportunistic” funding round, echo similar investments in other companies in the space in recent months. The skirmish escalated further last month when Slack sued Microsoft Teams in the European Union, claiming anti-competitive practices.

Source: Forbes August 11, 2020 10:52 UTC