Coconut Software Closes $6.5 Million Series A-2

By Sean Wilson - Nov 26, 2019

[Saskatoon, Saskatchewan] Coconut Software recently announced the close of a $6.5 million CAD Series A-2 round, led by Conexus VC, and with participation from SaskWorks (PFM). This new round of funding, brings Coconuts total funding to just under 11.5M. Existing investors Information Venture Partners, ScaleUp Ventures, Bay Partners, StandUp Ventures and PIC also provided a further capital infusion.

“We are making the most of this investment by raising the bar for the whole financial industry. Coconut is leading transformative digital customer engagements that everyday people like you and I want to have. Large enterprises are able to maximize their efficiency by offering customers with an anytime, anywhere, anyhow type of service offering,” said Katherine Regnier, CEO and founder of Coconut Software. “It’s not a small task, but we are up for the challenge, and I love that our team is changing the game.”

“Conexus Venture Capital is proud to be supporting Coconut Software as they modernize how banks and credit unions engage,” said Sean O’Connor, Conexus Venture Capital Fund Manager. “We are committed to supporting Saskatchewan’s highest growth companies, and we are excited for what Katherine and the whole Coconut team are doing to grow a global SaaS company locally.”

About Coconut Software:
Coconut Software is a leading provider of customer engagement solutions, empowering modern banks and credit unions across North America. Through their multi-channel appointment scheduling and data driven insights platform, they work to help companies bridge the gap between digital and physical channels and improve operational efficiencies. Currently serving top institutions including Vancity, United Federal Credit Union, and Servus Credit Union, Coconut Software works to provide a seamless experience for both financial institutions and their customers. Visit our website: www.www.coconutsoftware.com.