Enterprise search business Coveo raises $8.2M

The Fusion Team have completed over 70 digital and media transactions for its private, corporate and private equity clients. For more information contact pkelly@fusioncorp.co.uk or visit our website
 
FUND RAISING 
Database Reference:  F231109-279
 
Business:  Coveo
Web:  http://www.coveo.com
Location:  Canada, Quebec, QC
Region:  North America
Business description:  Provider of enterprise search solutions
Category: Search, Technology

Contact 1:  Louis Tetu, Executive Chairman, Coveo
Contact 2:  Laurent Simoneau, President and CEO, Coveo
Contact 3:  Réjean Asselin, BDC Venture Capital Director
Contact 4:  Charles Sirois, Chairman of Telesystem Ltd. and Propulsion Ventures
Contact 5:  Gaétan Morin, executive vice president of investments, The Solidarity Fund QFL

Investors:  Led by the Business Development Bank of Canada (BDC Venture Capital), and included all existing major investors, among them Propulsion Ventures SEC, The Solidarity Fund QFL, and Coveo Chairman Louis Têtu
  
Round:  Round B
Amount raised:  $8,200,000
 
Details:  Coveo has completed it $8.2M Series B financing. It plans to use the proceeds of the financing to fund its ongoing expansion. The company plans to hire an additional 60 employees over the next two years and accelerate its industry-leading product development.

Link:  Press Release

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