Coveo Scores $8.2 Million Worth of Funding

Dec 11, 2009

Enterprise search company Coveo announced the completion of a round of Series B financing that secured the company $8.2 million in funds. The round of financing was led by the Business Development Bank of Canada and included additional participation from Propulsion Ventures SEC, The Solidarity Fund QFL, and Coveo Chairman Louis Têtu.

Coveo announced that it plans to use the funs to fund its expansion, with plans to hire an additional 60 employees over the next two years and engage in further product development.