The round was led by Klass Capital, a Toronto-based growth-equity firm, with backing from existing investors including Information Venture Partners, ScaleUp Ventures, Conexus Venture Capital Fund, PIC Investment Group and Bay Partners. The company provides appointment-scheduling software for financial institutions. (The Logic)
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The round was led by Klass Capital, a Toronto-based growth-equity firm, with backing from existing investors including Information Venture Partners, ScaleUp Ventures, Conexus Venture Capital Fund, PIC Investment Group and Bay Partners. The company provides appointment-scheduling software for financial institutions. (The Logic)
Talking point: Coconut was founded by Katherine Regnier in 2007. StandUp Ventures, one of the first Canadian VCs to pledge to fund women-led firms, was an early investor in the company. Regnier said in a blog post that Coconut will use the funding to help clients move to “digital-first” operations, invest in hiring and further develop its current virtual platforms. Its fundraising appears to be another sign of Saskatoon’s growing tech ecosystem. Vendasta, which sells digital tools to small- and medium-sized firms, raised $119.5 million in May and shelved its IPO plans. Fellow Saskatoon company 7shifts also announced a $21.5-million Series B round that month.
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