Cord secures £12.9m in Series A funding led by Index Ventures to expand its collaboration platform
The Series A round was led by Index Ventures with backing from NFX, Stride, and various angel investors.
Cord provides a single API that enables software products to integrate interactive collaboration features and multi-user functionality. The platform aims to connect disparate productivity tools and improve digital teamwork.
Cord has secured £12.9m in Series A funding to expand its collaborative software platform. The round was led by Index Ventures, with participation from NFX, Stride, and several prominent angel investors.
The capital injection follows strong demand for workplace collaboration tools amid the shift toward remote working. Cord provides an API that lets developers add rich social features, such as chat and annotations, directly into existing applications.
The company also announced a partnership with Typeform to integrate its collaborative features for more than 100,000 customers. Cord intends to use the new funds to further its vision of unifying communication and productivity tools across the web.
From the founder
"Most web products will become a multiplayer experience in the coming years"
Nimrod Priell
CEO and co-founder at Cord
Investor perspective
"The growth of remote working, combined with a proliferation of software-as-a-service tools, means that teams lose time moving back and forth between productivity and communications applications, such as Slack"
Jan Hammer
Partner, Index Ventures
Investors
Jan Hammer
Index Ventures
NFX
Stride
Elad Gil
Jeff Morris Jr
Charlie Songhurst
Guy Podjarny
Matt Robinson