Coveo Secures $6 Million in Funding; Names Two to Board of Directors

Oct 24, 2006

Coveo Solutions Inc., a provider of secure search for the enterprise, has announced that it has secured $6 million through a Series A Preferred venture capital financing agreement. The investment was led by Solidarity Fund QFL and Propulsion Ventures. This funding round also included investments from Fier Succes and existing investors of the company lead by Accès Capital. The additional round of funding enables Coveo to expand sales, product development, and channel operations to meet the growing demand for its product. Coveo has also announced that Benoit Hogue, managing partner, Propulsion Ventures, and Serge Michaud, senior investment advisor, information technologies, Solidarity Fund QFL, have been appointed to serve on the company's board of directors.