Coveo Secures $35M in Series D Financing

coveoCoveo, a Quebec City, Canada-based provider of an intelligent search platform, secured $35m in Series D financing.

The round was led by IQ Venture Capital with participation from existing investors Tandem Expansion Fund, BDC Capital, Propulsion Ventures SEC, Fonds de solidarité FTQ, and Coveo CEO Louis Tetu.

The company, which has raised $75m in financing to date, intends to use the funds to launch additional intelligent search apps for large enterprise technology ecosystems, and to increse sales and marketing, R&D and product groups.

Coveo provides businesses and enterprise platforms with technology to recommend the most relevant information, people, products and services for customer and employee engagement.
The company applies its technology to deliver value across many use cases for digital customer and employee engagement, including:
– Coveo Cloud, an end-to-end, intelligent search cloud platform delivering unified search as an enterprise-class service to surface and recommend the information and experts that customers and employees need;
– Coveo for Salesforce, which delivers self-service success across customer, employee, and partner communities, and enable support staff to deliver customer experiences with real-time access to the most relevant content and experts from across the IT ecosystem, right in the Salesforce Platform; and
– Coveo for Sitecore, which creates engaging website search experiences.



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