On October 5, 2021, Coconut Software announced it had completed its $28 million Series B financing round led by Klass Capital with participation from Information Venture Partners, ScaleUp Ventures, Conexus Venture Capital Fund and Bay Partners. The proceeds from the financing round will be used to accelerate new product launches, expand the company’s team and invest in demand and revenue generation.
Coconut Software is a Saskatoon-based software company focused on providing appointment scheduling solutions for financial institutions across North America.
Osler, Hoskin & Harcourt LLP advised Coconut Software with a team consisting of Chad Bayne, Justin Dharamdial, Jeremy Lin and Jordana Corber-Tovel (Emerging and High Growth Companies).