Coconut Software nets C$4.2 mln in Information VP-led Series A

Coconut Software Corp, a Saskatoon-based appointment scheduling software provider, has raised C$4.2 million in a Series A financing. Canadian venture capital firm Information Venture Partners led the round and was joined by ScaleUp Ventures and StandUp Ventures. PIC Investment Group and Bay Partners, which contributed to the company’s seed funding about a year ago, also invested. Founded in 2011 by CEO Katherine Regnier, Coconut provides a technology solution that helps large enterprises manage millions of appointments and deliver service securely to customers. It will use the funds raised for expansion plans in Saskatoon and Toronto.

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