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Coconut Software Closes $28M Cad Series B Funding Round, Led By Klass Capital

Oct 05, 2021•almost 4 years ago

Amount Raised

$28 Million

Round Type

series b

Saskatoon

Description

Coconut Software, the leading provider of appointment scheduling and lobby management solutions for financial institutions announced today it has raised $28 Million CAD in Series B funding. The round was led by Klass Capital, a Toronto-based, long term-oriented growth equity firm that invests in high growth enterprise software businesses. All of Coconut’s existing investors, including Information Venture Partners, ScaleUp Ventures, Conexus Venture Capital Fund, PIC Investment Group and Bay Partners also participated in the round.

Company Information

Company

Coconut Software

Location

Saskatoon, Saskatchewan, Canada

About

Coconut Software is used by leading banks and credit unions in North America to deliver an appointment scheduling experience that results in fewer no shows, higher NPS and better conversion rates. “We started Coconut Software with a clear mission to enable people to connect effortlessly with their financial institutions (FIs), when and how they want to.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech