Coalesce, the data transformation company, has secured $26 million in Series A funding led by Emergence Capital, with participation from seed investors 11.2 Capital, GreatPoint Ventures, and Industry Ventures. This round follows a momentous year for Coalesce as the company exited stealth and raised $5.92 million in seed funding in January. The latest funding round will build on that momentum with Coalesce continuing to invest in the product and ecosystem.
The largest bottleneck in the data analytics supply chain is transformations. Coalesce launched in January 2022 to eliminate this problem by building an enterprise-ready platform that makes data transformations easier to perform, and scales to the largest data warehousing implementations in the world using the Snowflake Data Cloud.
According to the company, Coalesce is the only solution to combine the speed of an intuitive graphical user interface (GUI), the flexibility of code, and the efficiency of automation for data transformations, dramatically increasing data teams’ productivity, the quality of data, and time to insights.
Coalesce made significant progress in 2022 with team expansion into EMEA, the announcement of strategic partners including Snowflake and Fivetran, and achieving SOC 2 compliance. All of these efforts built the groundwork for the company to track significant customer growth.