When was Coconut Software founded?

Coconut Software was founded in 2007 and raised its 1st funding round 9 years after it was founded.

Where is Coconut Software located?

Coconut Software is headquartered in Saskatoon, Canada. It is registered at 1874 Scarth Street, Suite 1500, Regina.

How many employees does Coconut Software have?

As of Sep 30, 2026, the latest employee count at Coconut Software is 181.

Is Coconut Software a funded company?

Coconut Software is a funded company, having raised a total of $30.9M across 6 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on 2016.

When was the latest funding round of Coconut Software?

Coconut Software's latest funding was a $***** Series B round on Oct 05, 2021, with participation from 5 investors.

Where does Coconut Software rank among its competitors?

Coconut Software ranks 1st amongst 7 active competitors, only 1 of which is funded. Coconut Software, which secured $22.2M in Oct, 2021.

Who are the top competitors of Coconut Software?

Coconut Software's top competitors include FMSI, Lobby6 and Credit Society Software. Among them, Coconut Software secured the most recent funding round in October, 2021.

Coconut Software - 2026 Company Profile, Funding & Competitors

Company Details

AI-powered branch experience platform. It is designed for banks and credit unions to optimize in-branch and advisor-led customer interactions. It provides tools for appointment scheduling, lobby and queue management, workforce forecasting, intelligent client-to-advisor matching, video banking, and performance analytics. The system unifies branch demand across walk-ins, bookings, and digital channels to improve staffing efficiency, reduce wait times, and enhance customer experience. It helps financial institutions improve service delivery, increase operational efficiency, and better align staffing resources with customer demand.

Website: www.coconutsoftware.com/
Social
Email ID: *****@coconutsoftware.com
Phone Number: +1 **********
Registered Address: 1874 Scarth Street, Suite 1500, Regina

Key Metrics

Founded Year

2007

Location

Saskatoon, Canada

Stage

Series B

Total Funding

$30.9M in 6 rounds

Latest Funding Round

Series B, Oct 05, 2021, $*****

Investors

Klass Capital & 9 more

Ranked

1^st among 7 active competitors

Employee Count

181 as on Sep 30, 2026

Similar Companies

FMSI & 6 more

View Coconut Software's full profile

Coconut Software is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
COCONUT SOFTWARE CORPORATION CIN: 10468606 , Canada, Active	Oct 27, 2017	-	-	-

Coconut Software has raised a total funding of $30.9M over 6 rounds. Its first funding round was on 2016. Its latest funding round was a Series B round on Oct 05, 2021 for $*****. 5 investors participated in its latest round. Coconut Software has 10 institutional investors.

Here is the list of recent funding rounds of Coconut Software:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Oct 05, 2021	3282607	Series B	1600118	5646171	3473132	4588787
Nov 26, 2019	2304791	Series A	1733736	1698008	3563419	SaskWorks & 5 more
Jul 25, 2019	1557447	Grant (prize money)	9608460	4324287	1087924	Canadian Space Agency

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View details of Coconut Software's funding rounds and investors

Coconut Software's employee count trend

Coconut Software has 181 employees as of Sep 26. Here is Coconut Software's employee count trend over the years:

Employee count trend for Coconut Software

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Top competitors of Coconut Software include FMSI, Lobby6 and Credit Society Software. Here is the list of Top 10 competitors of Coconut Software, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Coconut Software 2007, Saskatoon (Canada), Series B	AI-powered branch experience platform	$30.9M	Information Venture Partners, ScaleUP Ventures ... & 8 others	63/100
2nd	FMSI 1990, Alpharetta (United States), Acquired	Developer of software for managing branch operations and staff scheduling	-	Solen Software Group	44/100
3rd	Lobby6 2014, Portland (United States), Unfunded	Metal sheet forming machinery research, manufacturing, and sales specializing in plate processing	-	-	24/100
4th	Credit Society Software 2010, Jaipur (India), Unfunded	Developer of software for multi-state credit society management	-	-	24/100
5th	Antuar 2013, Dublin (Ireland), Funding Raised	Retail banking branch solution provider.	-	-	21/100
6th	Bankhost.net Unfunded	Provider of secure hosting and digital queue management for banks	-	-	16/100
7th	Product4 1991, St. Louis (United States), Deadpooled	Branch automation solutions	-	-	15/100
8th	Dar Amana Erbil (Iraq), Unfunded	Provider of cloud software for managing currency exchange office operations	-	-	-