Total amount raised
$21 Millions
Latest funding date
Location
Codi has successfully raised $16 million in a Series A funding round, with backing from prominent investors such as Andreessen Horowitz and NFX. The company offers a modern HQ solution, providing flexible office spaces without long-term leases.
Keep reading to explore the intricacies of Codi's fundraising journey and the investors backing this innovative platform.
What Is Codi?
Codi, founded in 2018 by Christelle Rohaut and Dave Schuman, is headquartered in San Francisco, California. The company operates in the Internet industry and has an employee count ranging from 11 to 50.
Specializing in modern headquarters solutions, Codi offers private offices designed for today's work environment. Their flexible spaces come with easy move-ins and no long-term leases, aiming to support companies' growth and team culture.
How Much Funding Has Codi Raised?
- Pre-Seed Round
- Amount Raised: Not publicly disclosed
- Date: December 2018
- Lead Investors: NFX
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish the initial foundation and develop the platform.
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: February 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and enhance the platform's capabilities.
- Seed Round
- Amount Raised: $5,000,000
- Date: August 2020
- Lead Investors: ANIMO Ventures, NFX, Urban Innovation Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and meet the growing demand for flexible office solutions.
- Series A
- Amount Raised: $16,000,000
- Date: September 2022
- Lead Investors: Andreessen Horowitz
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To reimagine the physical office for the hybrid work era and expand their platform.
Total Amount Raised: $21,000,000. Current Valuation: Not publicly disclosed.
Key Investors
- Andreessen Horowitz
- Details: Andreessen Horowitz is a prominent venture capital firm. Jeff Jordan, a general partner at Andreessen Horowitz, led the investment in Codi and has also led investments in companies like Airbnb, Instacart, and Pinterest.
- Investment Focus Areas: Technology companies, disruptive marketplaces, innovative companies.
- Notable Investments: Airbnb, Instacart, Pinterest.
- ANIMO Ventures
- Details: ANIMO Ventures is one of the investors in Codi. Specific details about the firm are not provided in the sources.
- Investment Focus Areas: Not publicly disclosed.
- Notable Investments: Not publicly disclosed.
- NFX
- Details: NFX is another major investor in Codi. Specific details about the firm are not provided in the sources.
- Investment Focus Areas: Not publicly disclosed.
- Notable Investments: Not publicly disclosed.
- Urban Innovation Fund
- Details: Urban Innovation Fund is listed as one of the investors in Codi. Specific details about the firm are not provided in the sources.
- Investment Focus Areas: Not publicly disclosed.
- Notable Investments: Not publicly disclosed.
What's Next for Codi?
As Codi looks to the future, the opportunities are vast. The company’s flexible leasing and office management services are perfectly positioned to capitalize on the growing trend towards hybrid work models. By reducing average lease lengths and offering customizable office solutions, Codi can save companies significant costs, making it an attractive option for businesses seeking flexibility and efficiency.
With the strong backing of Andreessen Horowitz and the addition of Jeff Jordan to the board, Codi is well-poised for future fundraising rounds. The demand for flexible office solutions is expected to rise, providing fertile ground for additional investments. However, Codi will need to navigate challenges such as competition from other flexible office providers and the evolving needs of companies as hybrid work continues to develop.
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