Coconut Software, a Saskatoon, Saskatchewan, Canada-based cloud SaaS appointment scheduling and lobby management solution provider, raised $1.75m in debt financing.
CIBC Innovation Banking provided the financial resources.
The company will use the financing to support its strategic plan and to invest in its growth.
Founded in 2007 and led by Katherine Regnier, CEO, Coconut Software provides a centralized, service engagement platform, which allows financial organizations to optimize their workforce with real-time insights into sales and support interactions, while providing a customer experience across all touchpoints, whether online, in-branch, or through the contact center.
The company, which also has an office in Toronto, is backed by Information Venture Partners, ScaleUp Ventures, StandUp Ventures and Neal Dempsey of Bay Partners.