Announcing our $5.6m seed round and Quadratic Teams

Today, I am excited to make two major announcements! First, we have raised a $5.6m seed round led by GV (Google Ventures) to build the spreadsheet for modern teams. Second, we are launching Quadratic Teams, joining the ranks of top collaborative analytics platforms by offering a shared workspace for real-time collaboration.

Why build a new spreadsheet?

Quadratic is a brand new type of spreadsheet, serving as the ultimate Python alternative to Excel rather than just another Excel clone. We believe in the power of the spreadsheet as the primary interface for working with data, but traditional spreadsheets and layered solutions like Python in Excel no longer cut it. We built Quadratic as a coding spreadsheet for technical users and developers, while keeping it simple enough that the whole team can use it.

In Quadratic, you can bring in hundreds of thousands of rows of data instantly, pinch and zoom to work with large datasets, and seamlessly incorporate Python and SQL analysis into your workflow.

Writing code is quickly becoming one of the essential skills for data analyst roles, and our Python support enables technical team members to write analyses in their preferred language and instantly share the results with the rest of their team. This enables data scientists, analysts, engineers, marketers, finance, operations, etc. to work together on data in one place.

From a technical standpoint, Quadratic is the first spreadsheet built on Rust, WASM, and WebGL. For the first time, this enables a high-performance, low-latency, real-time spreadsheet in the browser. Quadratic has both the performance of a native application and the distribution of a website that enables mass adoption and effortless team collaboration.

Quadratic launches Teams

Quadratic Teams are shared spaces to work together on AI spreadsheet analysis and traditional data workflows. You can add as many members as you want to a Team, and all files within the Team will be shared with other members by default.

All files within Quadratic support real-time multiplayer and modern integrations like a spreadsheet MCP, which extends to files within your Team.

Quadratic raises seed round led by Google Ventures

I am also excited to announce GV (Google Ventures) has led a $5.6m seed round investment in Quadratic, led by Erik Nordlander, with participation from Catapult Ventures (who lead our pre-seed round), Betaworks, and The Fund Rockies.

In addition to GV, we are thankful for support from a great group of angel investors, including Wes McKinney (Creator of Pandas), Amjad Masad (CEO & Founder Replit), Spencer Kimball (CEO & Founder Cockroach Labs), Swyx (previous: Developer Experience at AWS & Airbyte), and Nick Sullivan (Head of Research at Cloudflare).

We believe in the power of the spreadsheet as the primary interface for working with data. We’re just getting started in our mission to reinvent how teams work together on data. By serving as the best IDE for data analysis, Quadratic ensures that from the most technical engineers to spreadsheet beginners, the whole team can collaborate in a way that is easy and fun!