Date Closed

December 10, 2012

Lead Office

Montréal

Value

18.00 Million CAD

On December 10, 2012, Coveo announced that it had secured $18 million in funding, in a round led by Tandem Expansion Fund, Canada's largest late-stage technology investment firm. All major existing investors also participated in the round, including BDC Venture Capital, Propulsion Ventures SEC and Fonds de solidarité FTQ.

The funding will support Coveo's expansion as the market continues to heat up for solutions that enable actionable insight from Big Data. Coveo's advanced search technology redefines how people access fragmented information and collaborate around the social enterprise. Organizations are increasingly data-rich but insight-poor, fueled in large part by the data variety explosion, the inability to integrate information from legacy systems, exponentially growing social media, and the move of many organizational systems to the cloud. Coveo brings together this collective knowledge for every user, giving them actionable insights into customers, products, projects, people and more.

Coveo, headquartered in Québec, Québec, is a provider of text search technology.

Tandem Expansion Fund, headquartered in Montréal, Québec, ia a growth equity investor in Canadian technology businesses.

McCarthy Tétrault LLP represented Tandem Expansion Fund with a team led by Véronique Wattiez.