# Coconut Software funding: rounds and investors

> Coconut Software has raised $22M across 1 round since 2021. Investors include Klass Capital, Bay Partners and Information Venture Partners.

Source: https://millionrounds.com/company/coconut-software (Millionrounds; every figure on the page links to its filing or article)

Canada · [Series B startup](https://millionrounds.com/companies)

# Who invested in *Coconut Software*

One round we have observed, with the 6 investors named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Fintech Software

Funding summary Updated 26 Oct 2026

**$22M** raised across 1 round since 2021, from 1 source

- **Latest round:** Series B, $22M Oct 2021
- **Led by:** Klass Capital
- **Investors:** 6 (1 led)

See who backed them

## The rounds

- **Oct 2021** Series B **$22M** [Klass Capital](https://millionrounds.com/fund/klass-capital) Lead [Bay Partners](https://millionrounds.com/fund/bay-partners) [Information Venture Partners](https://millionrounds.com/fund/information-venture-partners) [Conexus Venture Capital Inc](https://millionrounds.com/fund/conexus-venture-capital-inc) [Scaleup VC](https://millionrounds.com/fund/scaleup-vc) [PIC Investment Group](https://millionrounds.com/fund/pic-investment-group) Reported by Firms' own news pages

## Founders and team

From Coconut Software's own website: 1 founder, 10 on the team.

**Romeo Iula** Co-Founder

- **Michelle Zatlyn** President + COO at Cloudflare
- **Joe Payne** President and CEO at Code42
- **Bobbi Holte** Chief Financial
- **Brady Murphy** Chief Revenue
- **Melanie Scheepers** Chief People and
- **Isabelle Rochon** Engineering Officer
- **Daniela Puzzo** Team
- **Dave Bullock** Team
- **Denise Willet** Team
- **Katherine Regnier** Team

## Everyone who backed them

[Klass Capital](https://millionrounds.com/fund/klass-capital) VC firm **1** round, led 1

[Bay Partners](https://millionrounds.com/fund/bay-partners) VC firm **1** round

[Information Venture Partners](https://millionrounds.com/fund/information-venture-partners) VC firm **1** round

[Conexus Venture Capital Inc](https://millionrounds.com/fund/conexus-venture-capital-inc) VC firm **1** round

[Scaleup VC](https://millionrounds.com/fund/scaleup-vc) VC firm **1** round

[PIC Investment Group](https://millionrounds.com/fund/pic-investment-group) Family office **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=coconut-software).

## Also claim to have backed them

This firm lists Coconut Software as a portfolio company on their own website, but no report of a round names it. They are the firms' own claims, kept apart from the rounds above.

[ScaleUP Ventures](https://millionrounds.com/fund/scaleup-venture-partners-inc) VC firm Per its own site

## Quick answers about Coconut Software

### Who invested in Coconut Software?

Coconut Software's investors include Klass Capital, Bay Partners, Information Venture Partners, Conexus Venture Capital Inc and Scaleup VC, and 1 more on record. Klass Capital led its latest round.

### How much has Coconut Software raised?

Coconut Software has raised $22M across 1 round since 2021.

### When did Coconut Software last raise?

Coconut Software's most recent round was a Series B of $22M in Oct 2021, led by Klass Capital.

### What was Coconut Software's biggest round?

Its most recent round, $22M in Oct 2021, is also its largest on record.

### Who backed Coconut Software first?

Coconut Software's first round on record, in Oct 2021, was backed by Klass Capital, Bay Partners and Information Venture Partners and 3 others.

### What stage is Coconut Software at?

Coconut Software's latest named round is a Series B, in Oct 2021.

### Where is Coconut Software based?

Coconut Software is based in Canada.

### Who led Coconut Software's rounds?

Klass Capital led the Series B in 2021.

## Companies like Coconut Software

In the same sector, and raised in the last eighteen months.

[**Neo Financial** $182M · Oct 2026](https://millionrounds.com/company/neo-financial)[**Timia Capital** Aug 2026](https://millionrounds.com/company/timia-capital)[**Helcim** $59M · Aug 2026](https://millionrounds.com/company/helcim)[**Clearco** $200M · Aug 2026](https://millionrounds.com/company/clearco)[**Innerlogic** $12M · Jul 2026](https://millionrounds.com/company/inner-logic)[**Nesto** $302M · Jun 2026](https://millionrounds.com/company/nesto)

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