Coconut Software closes $4.2 million Series A

Coconut Software announced today the close of a$4.2 million CAD Series A round, led by Toronto-based Information Venture Partners, with participation from Toronto firms ScaleUp Ventures and StandUp Ventures. Past investors PIC Investment from Saskatoon and Silicon Valley’s Bay Partners also joined the round. The new round brings Coconut’s total funding to just under $5 million.

“At Coconut, we’re making appointment scheduling as easy as picking a time.”

As part of the investment, IVP’s David Unsworth, ScaleUp Venture’s Kevin Kimsa, and Bay Partners’ Neal Dempsey will join Coconut Software’s board of directors.

The Saskatoon-based company provides an enterprise-scale appointment scheduling platform for companies with broad-facing customer interactions like telecoms or retail stores. The hope is that allowing the customer to schedule appointments reduces frustration from waiting in line or on the phone. Jackson Hewitt, London Drugs, Rogers, and Telus are all using the platform.

“Customers want their problems solved without wasting time waiting for an appointment, and corporations want to provide a digital customer experience,” said Katherine Regnier, CEO of Coconut. “At Coconut, we’re making appointment scheduling as easy as picking a time. This investment will bolster our platform, and we are thrilled with the level of expertise and sophistication each investor brings to the table.”

Regnier has recently been nominated for CBC Saskatchewan’s Future 40, as well as selected to participate in The C100’s December 48hrs in the Valley cohort.