Enterprise IT Startup Secures $3.3 Million

Coconut Software announced it has secured $3.3 million in Series A financing, led by Information Venture Partners and ScaleUP Ventures. Standup Capital, Bay Partners, and PIC Investment also participated in the funding.

The IT startup provides an enterprise appointment scheduling platform that allows businesses to manage multiple staff, at multiple locations, all in one place. According to the company, Coconut Software is used by Jackson Hewitt, London Drugs, Rogers, and TELUS.

The company plans to use the additional funds for expansion plans in both Saskatoon and Toronto.