Last week, we were pleased to announce a new round of $18 million in funding from the Tandem Expansion Fund, Canada’s largest late-stage technology investment firm. All of our existing major investors contributed to the round, showing their continued support. These include BDC Venture Capital, Propulsion Ventures SEC and The Solidarity Fund QFL.
The timing for this investment couldn’t be better, as the market is heating up and there is an increased demand for solutions that create actionable insight from big data to improve customer engagement. Many leading organizations such as Gartner predict that environments will continue to be more complex and heterogeneous. We believe this funding serves as a belief in our ability to help companies utilize all of their existing data for increased innovation, greater customer service and higher sales.
This funding will help us to expand sales and marketing, and to scale our operations to ensure we continue to provide game-changing technology with the highest degree of service and support. It’s a testament to the support we have received from our community of users, partners and customers, who at the forefront of their markets.
For additional viewpoints of what the funding means for Coveo, I encourage you to read about us in the Wall Street Journal. Thank you to everyone who helped to contribute in this important milestone for our company – and here’s to another great year in 2013.