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Venture Capital
klass.com

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Investments

22

Funds

2

About Klass Capital

Klass Capital is a North American venture capital firm targeting high growth enterprise software companies. The company's target equity investment size is between $2 million and $10 million. Klass Capital has a unique entrepreneurial culture and its portfolio includes innovative companies like Nulogy, Vena Solutions, Firmex and Dealer.com. In late April, Klass Capital announced that it had received a significant commitment from Healthcare of Ontario Pension Plan (HOOPP), increasing the size of the fund to $50 million. HOOPP is one of Canada's largest pension plans and oversees $40-billion of assets.

Klass Capital Headquarter Location

130 Spadina Suite 504

Toronto, Ontario, M5V 2L4,

Canada

416-901-2190

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Latest Klass Capital News

Financial scheduling outfit Coconut snags $28 million in new funding

Oct 7, 2021

External | what does this mean? This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Financial scheduling outfit Coconut snags $28 million in new funding 20 minutes ago Source: Coconut Software Coconut Software, the leading provider of appointment scheduling and lobby management solutions for financial institutions announced today it has raised $28 Million CAD in Series B funding. The round was led by Klass Capital, a Toronto-based, long term-oriented growth equity firm that invests in high growth enterprise software businesses. All of Coconut’s existing investors, including Information Venture Partners, ScaleUp Ventures, Conexus Venture Capital Fund and Bay Partners also participated in the round. Coconut Software is used by leading banks and credit unions in North America to deliver an appointment scheduling experience that results in fewer no shows, higher NPS and better conversion rates. The company has seen strong momentum over the last three years, achieving 100%+ year over year revenue growth, as financial institutions sprint to modernize their customer experience. “We started Coconut Software with a clear mission to enable people to connect effortlessly with their financial institutions (“FIs”), when and how they want to. The value this brings to a bank or credit union’s customers and members has never been more clear, and we’re seeing a real race to adopt digital experiences,” said Katherine Regnier, CEO of Coconut Software. “Our partnership with Klass will allow our team to accelerate important new product introductions to continue this mission. We also plan to hire into key roles across the business, and invest in demand and revenue generation through marketing, sales and customer success—as we work to help FIs transform their customer experience.” Recently named one of Canada’s Top Growing Companies by the Globe and Mail, a Great Place to Work for Inclusion and Mental Wellbeing and a trailblazer for experimenting with a 4-day work week, CEO Katherine Regnier has built an endearing ‘people first’ culture that caught the attention of Klass Capital. “Coconut is well positioned to continue its rapid growth as FIs look to modernize their omni-channel experience and better connect with customers both in-branch and virtually. We’re extremely excited about Coconut’s platform vision and impressed with the level of importance they place on the happiness of both their employees and customers. We look forward to partnering with Katherine and the entire Coconut team in its next phase of growth,” said Daniel Klass, Managing Partner and Founder at Klass Capital. “We couldn’t be more excited to partner with Klass Capital on our Series B round. I was so impressed with their long-term approach to investing, scale and diversity of their current portfolio companies—and am fortunate to be a part of their group of best-in-class CEOs, including Jason Atkins, Founder and CEO of 360insights who we’re thrilled to have join our board, ” said Regnier. Related Companies

Klass Capital Investments

22 Investments

Klass Capital has made 22 investments. Their latest investment was in Coconut Software as part of their Series B on October 10, 2021.

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Klass Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

10/5/2021

Series B

Coconut Software

$22.2M

Yes

2

6/29/2021

Series D

Wonderflow

$19.61M

Yes

2

6/22/2021

Series D

AlayaCare

$182.8M

No

4

2/11/2021

Seed VC

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$99M

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10

11/9/2017

Seed VC

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$99M

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10

Date

10/5/2021

6/29/2021

6/22/2021

2/11/2021

11/9/2017

Round

Series B

Series D

Series D

Seed VC

Seed VC

Company

Coconut Software

Wonderflow

AlayaCare

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Amount

$22.2M

$19.61M

$182.8M

$99M

$99M

New?

Yes

Yes

No

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Co-Investors

Sources

2

2

4

10

10

Klass Capital Acquisitions

5 Acquisitions

Klass Capital acquired 5 companies. Their latest acquisition was GuestLogix on July 07, 2016.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

7/7/2016

$99M

Take Private

1

1/1/2016

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$99M

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10

11/27/2015

Growth Equity

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$99M

$99M

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10

4/13/2015

Private Equity

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$99M

$99M

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10

12/11/2014

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$99M

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10

Date

7/7/2016

1/1/2016

11/27/2015

4/13/2015

12/11/2014

Investment Stage

Growth Equity

Private Equity

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$99M

$99M

Note

Take Private

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Sources

1

10

10

10

10

Klass Capital Fund History

2 Fund Histories

Klass Capital has 2 funds, including Klass Capital Co-Invest Fund I.

Closing Date

Fund

Fund Type

Status

Amount

Sources

4/2/2015

Klass Capital Co-Invest Fund I

$0.31M

1

4/24/2012

Klass Capital Fund I LP

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$99M

10

Closing Date

4/2/2015

4/24/2012

Fund

Klass Capital Co-Invest Fund I

Klass Capital Fund I LP

Fund Type

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Status

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Amount

$0.31M

$99M

Sources

1

10

Klass Capital Team

2 Team Members

Klass Capital has 2 team members, including current Founder, Managing Partner, Daniel Klass.

Name

Work History

Title

Status

Daniel Klass

Dealer.com, and EdgeStone Capital Partners

Founder, Managing Partner

Current

Will Anderson

Iron Data Solutions, Jonas Software, and Monitor Group

Chief Executive Officer

Former

Name

Daniel Klass

Will Anderson

Work History

Dealer.com, and EdgeStone Capital Partners

Iron Data Solutions, Jonas Software, and Monitor Group

Title

Founder, Managing Partner

Chief Executive Officer

Status

Current

Former

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