SASKATOON — Coconut Software Corporation aims to hire more employees in Saskatoon and Toronto after receiving $4.2 million from investors.
The company provides scheduling tools for companies who need to book appointments with customers; Telus, London Drugs and Rogers are a few of the service’s largest clients.
The funding was led by investors in Toronto, Silicon Valley and Saskatoon.
Coconut started with five people in Saskatoon in 2011.
CEO Katherine Regnier says about 30 people currently work for the company, but staffing is expected to climb with expansion.
“The more tech companies in Saskatoon, I think we’ll become a hot bed for talent to start drawing into,” Regnier said.
This is the company’s first large round of investment. Coconut completed seed capital less than a year ago, raising $700,000.