Coefficient is a spreadsheet-focused data startup that layers live connectivity on top of Google Sheets, pulling data from CRMs, SQL databases and other SaaS systems. The product lets users create, share and automate live reports, set alerts and write data back to connected tools, and includes a template gallery for common business reports. Coefficient says tens of thousands of people are using the platform and lists customers including Zendesk, Spotify, Foursquare, Contentful and Miro. The company aims to expand its product offerings, add new SaaS integrations, and broaden its reporting automation features. Coefficient plans to use proceeds to scale global operations and continue building integrations and automation capabilities. The founders are Navneet Loiwal and Tommy Tsai; the team emphasizes making technical data products accessible to business users. The company has seen customers grow contracts despite layoffs, which leadership cites as validation of its value proposition. Coefficient provides a no-code spreadsheet platform that connects live to systems like Salesforce, HubSpot, Snowflake, Tableau and Looker, enabling two-way data connectivity from cloud systems. Users can build dashboards, collaborative workflows and internal apps from the spreadsheet without SQL or advanced tooling. The product targets business teams and is already used by customers including Uber, Spotify, Unity, Klaviyo, Miro and Contentful. Led by CEO Navneet Loiwal, the company emphasizes real-time, flexible reporting and workflow creation for non-technical users. Coefficient raised a $6.7M seed round to support its growth. The company plans to use the funds for research and development and to ramp up hiring across all functions.

Total raised

$25M

Funding rounds

2

Latest round

Series A

Latest activity

Nov 2022