Greylock Partners invests in entrepreneurs that focus on consumer and enterprise software companies. The firm invests in companies that define new markets, including Airbnb, AppDynamics, Apptio, Arista Networks (NYSE: ANET), Cloudera, Docker, Dropbox, Facebook (Nasdaq: FB), LinkedIn (NYSE: LNKD), Medium, Nextdoor, Palo Alto Networks (NYSE: PANW), Pandora (NYSE: P), Pure Storage, and Workday (NYSE: WDAY). It was founded in 1965 and headquartered in Menlo Park, California.

Greylock

Kleiner Perkins is a venture capital firm specializing in investing in early-stage, growth, and incubation companies. The firm continues that legacy, investing in founders with bold ideas that span industries and continents, partnering with them from inception to IPO and beyond to maximize the potential of their ideas. They also focus on early computer firms using their devices and programming and service companies. It also invests in the digital, life sciences, and healthcare industries.

Kleiner Perkins

General Catalyst is a venture capital firm that provides early-stage and growth equity investments. The company provides ongoing momentum that accelerates ideas, careers, and companies toward standout success.

General Catalyst

[Arba](http://www.arbagroup.com/home.html) is a seed investment group that focuses on the internet, tech, and other new media.

Arba Seed Investment Group

Khosla Ventures invests in companies that are bold, early, and impactful. The firm was started in 2004 by Vinod Khosla, co-founder of Sun Microsystems, to provide venture assistance to entrepreneurs. Khosla Ventures invests in a range of areas including AI, climate, sustainability, enterprise, consumer, fintech, digital health, medtech and diagnostics, therapeutics, and frontier technology.

Khosla Ventures

New Enterprise Associates is a prominent venture capital firm focusing on investments in technology and healthcare startups. They help entrepreneurs build transformational businesses across multiple stages, sectors, and geographies. With over $19 billion in cumulative committed capital since the firm’s founding in 1977, NEA invests in technology and healthcare companies at all stages in a company’s lifecycle, from the seed stage through the IPO. The firm's long track record of successful investing includes more than 210 portfolio company IPOs and more than 360 acquisitions.

New Enterprise Associates

Madrona Venture Group is a Seattle-based venture capital firm. The firm prefers to invest in businesses that are involved in information technology, e-commerce, digital media, advertising, software, gaming, data, analytics, mobile, and infrastructure.

Madrona

NGP Capital is a global thesis-driven, early-stage VC with a vision to unleash the magic of technology.  With an AUM of 1.6B, NGP invests in B2B companies from Series A onwards in Europe and the US in enterprise software, industrial tech, cybersecurity, and infrastructure. For nearly two decades, NGP Capital has invested in more than 100 companies of which 18 are unicorns and 11 went on to IPO.

NGP Capital

Underscore VC is an early-stage, Boston-based venture capital firm backing bold entrepreneurs with an aligned community designed to fit each startup's unique needs.

Underscore VC

Hawk Equity is a New York based investment firm focused on growth companies in the technology sector.

Hawk Equity

Renegade Partners is a venture capital firm that helps founders navigate a pivotal phase of development while determining the size and impact they can ultimately achieve.

Renegade Partners

Ontario Teachers' Pension Plan invests and administers the pensions of active and retired teachers. It invests the pension fund's assets and administers the pensions of 284,000 active and retired teachers in Ontario. A pension plan has existed for Ontario teachers since 1917. Today, the plan's members include 173,000 teachers in elementary and secondary schools in Ontario, 111,000 pensioners, and 72,000 inactive members. The plan has one of Canada's largest payrolls with $4.2 billion in benefits paid to plan members and $2.3 billion received in total contributions from teachers and the provincial government in 2008.

Ontario Teachers' Pension Plan

Alumni Ventures Group provides high-quality, diversified venture portfolios to individual investors who previously haven't had access to VC. It helps accredited alums from top entrepreneurial schools invest together in the ventures of fellow alums. The firm backs companies with an alumni connection and an institutional lead investor with expertise in the space. AVG also offers focused funds that allow any accredited investor access to a venture portfolio, diversified by type, sector, stage, and geography. Beth Obermiller, Michael Madden, and Mike Collins co-founded the firm in Manchester, New Hampshire in 2013.

Alumni Ventures

Castor Ventures is an investment firm. Castor Ventures invests in a broad range of venture-backed companies to build diversified venture portfolios invested alongside established venture firms.

Castor Ventures

Coda

Coda creates online documents and the utility of applications into a single new canvas. Coda blends the flexibility of a document, the power of a spreadsheet, and the utility of applications into a single new canvas, enabling anyone to make a doc as powerful as an app. Coda is something entirely new, that looks and feels familiar. Makers start with a blank canvas and a familiar blinking cursor, but can use a new set of building blocks like tables that act like databases, or buttons that take action to create their own unique solutions.

Coda is a collaborative workspace that combines words, data, and teams into a single platform. It provides building blocks like interconnected tables and interactive buttons, allowing users to create documents with the functionality of apps. Coda's technology enables teams to organize projects, track metrics, make decisions, gather feedback, and streamline various workflows within a single unified space.&nbsp;

The tools that power remote work are define the next generation of enterprise software.

Remote Work Tools

Coda blends a word processor and spreadsheet, allowing users to edit and create a single doc, similar to an app. The company was founded in 2014 but officially launched in the beginning of 2019. Rather than create separate platforms for spreadsheets, documents, presentations, users can create different formats in one place, and then transform them into a web application. The platform also enables users to create collaborative trackers that can be synced across data connectors, and be personalized as required. Moreover, the company offers 600+ integrations to third-party software such as Figma, Google, Slack, and Jira.

Now anyone can become a software developer.

No-code Software

Housing Minister discusses cooperation with CODA

Coda is a collaborative workspace that combines words, data, and teams into a single platform. It provides building blocks like interconnected tables and interactive buttons, allowing users to create documents with the functionality of apps. Coda's technology enables teams to organize projects, track metrics, make decisions, gather feedback, and streamline various workflows within a single unified space.&nbsp;It offers solutions for product teams, sales teams, and engineering teams. Additionally, Coda offers capabilities for content planning, marketing forecasting, hiring processes, and facilitating one-on-one meetings.In 2023, Coda introduced AI-powered features, including an AI assistant for content generation, editing, and summarization, as well as AI columns for automating data entry and analysis within tables.In May 2024, Coda acquired Plato, a community of engineering leaders, to better serve high-performing engineering teams.Key customers and PartnershipsIn April 2024, Coda partnered with Snowflake to empower enterprises to unlock value from their data assets efficiently.Funding and financialsIn <a href="https://sp-edge.com/updates/4149">July 2021</a>, Coda raised USD 100 million in a Series D round led by the Ontario Teachers’ Pension Plan with the participation of Kleiner Perkins, General Catalyst, Greylock, and Khosla Ventures. This funding comes at a valuation of USD 1.4 billion, more than double its valuation in the previous round. The funds were allocated for product development, and team expansion.&nbsp;

Hive is a productivity platform for project management and collaboration. The platform provides automated workflows, project planning layouts, and action templates to assign and keep track of project tasks. Hive focuses on improving task execution with instant feedback cycles for editing and approvals. Additional features include note taking (Hive Note), instant messaging, online meetings, and file sharing.Hive offers a variety of ways for teams to organize their projects, including Gantt charts, Kanban boards, tables, and calendars, with updates made in one view automatically reflected in all others. The platform allows team members to create action cards with files, sub-actions, dependencies, and comments to stay on top of their objectives, and have access to a personal to-do list that compiles all assigned tasks from all projects. Managers can use Hive to assign approvals, share proofs, provide feedback, and collect project forms from clients and customers. Hive also uses AI and machine learning to provide insights on team productivity and identify potential risks, and to optimize resource allocation and client billing.Key customers and partnershipsThe company’s customer base includes Google, Toyota, Comcast, and Starbucks. Hive offers integrations with over 1,000 SaaS platforms, including Asana, Trello, Basecamp, and Smartsheet, allowing users to import tasks from these platforms.Funding and financialsIn <a href="https://sp-edge.com/updates/5208">August 2021</a>, Hive raised USD 10 million in a funding round led by Rembrandt Venture Partners with participation from Zoom, and existing investors Tribeca Venture Partners and Angelpad. Hive is one of the first startups to receive an investment from Zoom’s “Zoom Apps Fund” (a USD 100 million global venture fund). The fresh funds were allocated toward platform development.&nbsp;

Hive

Grain’s software allows users to record, highlight, transcribe, and share online meeting content from tools such as Zoom in an effective manner. It automatically records and transcribes meetings, allowing users to create shareable video clips from highlighted transcript sections. Grain leverages AI to generate customizable meeting notes and answer questions about the transcript. It supports coaching and collaboration through comments and training content creation. The platform offers deal analytics and insights, tracking key account activities and integrating with tools like HubSpot, Salesforce, Zapier, and Slack. &nbsp;The company’s products focus on distributed teams, sales, product and user research, and hiring teams.In April 2022, the company acquired Ping Pong, a video messaging platform.Funding and financialsIn <a href="https://sp-edge.com/updates/9759">April 2022</a>, Grain raised USD 16 million in Series A funding led by Tiger Global Management. The funds were raised to expand operations and develop its ​​video meeting system of record for content, which allows employees to collaborate around insights, topics, relationships, or teams.

Grain

Air is a creative operations platform designed for creative teams to streamline their workflows and collaborate more effectively. It offers a comprehensive solution that goes beyond basic cloud storage systems, catering specifically to the needs of the creative process. Air allows users to collect content, approve assets, share versions for feedback, and organize their work seamlessly, eliminating the need for additional organizational efforts.Air provides a centralized hub for content collaboration, approval, and versioning. Air's technology streamlines various aspects of the creative workflow, including content collection, asset approval, version control, and feedback sharing. Unlike traditional cloud storage solutions, Air's platform is tailored to the specific requirements of creative teams, enabling them to work more efficiently and effectively.Key customers and PartnershipsThe company’s customer base includes notable firms such as Native, Together, Spindrift, and Univision.&nbsp;Funding and financialsIn <a href="https://sp-edge.com/updates/8139">January 2022</a>, Air raised USD 10 million in an “Operator Round” led by Headline with participation from Tiger Global, Lere Hippeau, and 50+ strategic founders and marketing executives including Peter Rahal (Co-Founder, RXBAR), Kipp Bodnar (CMO, HubSpot), and Joe Thomas (CEO, Loom), valuing the company at USD 110 million. The funds were used to accelerate Air’s go-to-market activities and growth.

Acapela was co-founded by Roland Grenke, founder of Dubsmash, a video sharing social media app. Acapela facilitates online meetings without real-time interaction between participants; instead, members contribute to meetings over time.Acapela provides voice and video messages integrated with popular productivity tools such as Asana, Google Workspace, Notion, and Atlassian. Additionally, meetings will generate tasks and meeting summaries automatically. The company identified distributed tech teams as its initial target segment and plans to shift focus toward small and medium enterprises (SMEs) and larger enterprises eventually. The product is currently in invite-only beta.In October 2020, the company exited stealth mode with a USD 3 million seed funding round led by Visionaries Club. The round included Entrepreneur First and other notable individual investors, such as Christian Reber (founder of presentation software Pitch) and Taavet Hinrikus (founder of online money transfer service TransferWise).

Acapela

iObeya is a cloud-based enterprise visual management platform that enables organizations to digitize their Lean, Agile, and Industry 4.0 practices. The platform provides virtual "Oobeyas" (Japanese for "big room"), which are digital collaborative workspaces where teams can align, synchronize, and visualize their work using digital boards, sticky notes, and other visual tools. iObeya's platform allows teams to recreate the in-person experience of paper-based visual management practices with real-time collaboration, enhancing team efficiency, creativity, and problem-solving.iObeya's technology supports a wide range of enterprise use cases, including industrial product lifecycle management, manufacturing operational excellence, product development, and continuous improvement for business performance and agility. It integrates with various systems like ERP, MES, BI, and Application lifecycle Management (ALM) tools such as Atlassian Jira and Microsoft Azure DevOps Server.Key customers and partnershipsiObeya's customer base includes global enterprises such as Airbus, Thales, Volvo, Philips, Cartier, Axa, Eli Lilly and Company, Western Digital, General Electric, Kimberly-Clark, Danaher, and Sanofi.Funding and FinancialsIn July 2020, iObeya raised USD 17 million in a series A funding round led by Red River West with participation from Atlantic Bridge Capital and Fortino Capital Partners. The funds were allocated to develop its platform further and accelerate the company’s expansion in the US.

iObeya

Platforms that provide virtual workspaces using spatial technology to combine a variety of productivity and collaboration tools in a single space.

Platforms that provide standalone presentation software, prototyping and web development software, templates, and design workspaces.

Platforms that facilitate task delegation and tracking with board, timeline, and kanban style views.

Platforms that provide standalone video communication tools and complementary products such as interactive interfaces, presentation features, and transcription software.

Platforms that offer chat and email-based collaborative tools.

Solutions in this industry hub are predominantly offered under a B2B SaaS model

Some solutions in the virtual office and video conferencing segments are based on AR/VR

Facilitates hybrid workforces by offering tools for employees to collaborate regardless of location

Meeting transcription and note-taking apps, design, and project management tools use AI/ML for product development

Coda blends a word processor and spreadsheet, allowing users to edit and create a single doc, similar to an app. The company was founded in 2014 but officially launched in the beginning of 2019. Rather than create separate platforms for spreadsheets, documents, presentations, users can create different formats in one place, and then transform them into a web application. The platform also enables users to create collaborative trackers that can be synced across data connectors, and be personalized as required. Moreover, the company offers 600+ integrations to third-party software such as Figma, Google, Slack, and Jira.Key customers and partnershipsAs of February 2024, the company served more than 50,000 users from enterprises such as Uber, The New York Times, Doordash, Figma, and Square.Funding and financialsIn July 2021, Coda raised USD 100 million in a Series D funding round led by the Ontario Teachers’ Pension Plan (with a valuation at USD 1.4 billion). The company invested in product development and expanding its employee base over the next 12 months.

Index offers a no-code platform for enterprises to build dashboards for internal use to obtain insights on business metrics, investor updates and operation overviews, among others. As of June 2021, the product remains at beta, with a limited early preview. The platform provides prebuilt templates, and also has tools for users to build their own dashboards. The dashboard can be integrated with multiple apps including Hubspot ((customer relationship management data), Stripe (payment data), and Postgres and MongoDB (databases), slack (remote working) and Google Sheets (spreadsheets), among others. The company raised USD 2.6 million in Seed funding in October 2020. It intends to invest the funds in hiring two engineers (in addition to the two founders) and continuing to refine and develop the product. The founders aim to reach USD 1 million in annual recurring revenue (ARR) and expand their product distribution.

Index

<div>
 
 Stencyl offers a drag-and-drop no-code platform that enables users to create and publish web and mobile games. Users can build their game logic using the platform&rsquo;s pre-built code blocks, design visual elements via an in-built graphics editor, and publish across a range of platform&rsquo;s such as IoS, Android, Windows and Mac. Moreover,&nbsp; Stencyl also enables users to embed ads into their games as a secondary source of revenue.&nbsp;
 
 
 Key customers and partnerships
 
 
 As of February 2024, Stencyl was used by over 500,000 registered developers. Apps created on Stencyl have reached top slots in the Apple App Store and Google Play, and its most successful web games have been sponsored by major publishers including ArmorGames, Kongregate, and Newgrounds.
 
</div>

Stencyl

Universe offers a no-code platform for users to build websites that can be added to social media pages. Websites can be built using drag and drop blocks to add images, videos, and other content to create a mobile-first website. The Platform offers creative controls, 30 pre-made themes, and block features to allow users to create a custom site and/or open an e-commerce store directly from a mobile phone.The company began as a landing page builder and progressed to developing websites, which include tools for adding shopping blocks. Universe targets micro businesses that are not tech-savvy.<a href="https://sp-edge.com/updates/20509">In July 2023 </a>, Universe launched the beta version of Generative Universe Sites (GUS), an AI-powered website designing tool. This solution provides a conversational interface for users to dictate their requirements for a website and then generates a customized web page.Funding and financialsIn December 2021, Universe raised USD 30 million in a Series B funding round led by Addition to develop the company’s block-based system for website building named “GRID,” expand its commercial offering for startups, and extend GRID to more platforms and devices. Additionally, the company used the funds to expand its reach in new markets and grow its employee base.

Universe

Readymag is a web-based drag and drop tool that enables users to create websites, presentations and digital magazines. Its customers include large enterprises such as AirBnB, Forbes, Esquire, and IDEO.

Readymag

UserGuiding is a user onboarding tool that helps create interactive guides for customers. Functions include user onboarding, feature adoption, in-product messaging, and customer feedback, among others. As of September 2020, the company had over 2,000 global enterprise clients. UserGuiding raised USD 1.1 million in seed funding in August 2020, which it intends to use to expand its operations by increasing its workforce, accelerating global expansion, and enhancing product development.

UserGuiding

Allows users to create apps for their own businesses by using their data and ideas and converting them into apps to improve their workflow.

Platforms that allow users to create online/mobile games in a no-code environment.

Platforms and tools that enable users to build mobile-based apps using templates and tools (widgets) in a visual environment.

Platforms that let users create workflow and process management systems in a spreadsheet format integrating with databases. This also includes data science tools, which enable users to run predictive analysis on data sets through drag-and-drop functions using artificial intelligence (AI) technology.

Tools that allow users to build websites, ranging from blogs to e-commerce sites, in a visual environment without the need for coding. Often has no-code tools to integrate with other online tools, such as payment gateways.

Companies that use GenAI as a core part of their no-code product offering

Offers solutions for building internal applications and automations for enterprises

Many solutions enable users to leverage AI/ML for predictive analytics

Offers solutions for building enterprise-specific applications and automations

Some solutions leverage GenAI to enable users to build application and website templates without coding

Creating affordable content for the digital age

Content Creation Tools

ANALYST_QUICK_TAKE

<div>
 Grammarly, the AI-based written media creation platform, has purchased Coda in an undisclosed deal. With this business move, Coda's CEO and co-founder, Shishir Mehrotra, will replace Rahul Roy-Chowdhury as Grammarly's CEO.
 This acquisition is part of Grammarly's plan to evolve its AI assistant into an AI productivity platform. The merger will offer Grammarly's customer base new features like GenAI chat and various productivity tools. Additionally, Coda Docs will receive an upgrade with the integration of Grammarly Assistant's functionalities. 
</div> Analyst QuickTake: 
 Grammarly's acquisition of Coda positions Coda to integrate more deeply with writing-focused tools, potentially reshaping its product roadmap. This change may offer new opportunities but could shift priorities away from Coda's existing features and user focus.

Coda

About EDGE

Contact Us

Resources

Area of Focus

Technology Research Made Effortless