Investment Summary

Tandem Expansion Fund Invests In Coveo

On December 10, 2012, growth capital firm Tandem Expansion Fund invested in software company Coveo

Investment Highlights
  • This is Tandem Expansion Fund’s 4th transaction in the Software sector.
  • This is Tandem Expansion Fund’s 8th transaction in Canada.
  • This is Tandem Expansion Fund’s 2nd transaction in Quebec.

Investment Summary
Date 2012-12-10
Target Coveo
Sector Software
Investor(s) Tandem Expansion Fund
Deal Type Venture

Target

Coveo

Quebec City, Quebec, Canada
Coveo search technology redefines how people access and share fragmented knowledge around the social enterprise. The company brings together the collective and yet fragmented information from social, enterprise, and cloud-based systems, relevant to every user and customer, every time. Coveo connects people to contextual content, and through content, to relevant people. This enables more efficient customer service, increased sales, shorter sales cycles, faster innovation for better product development and increased profitability. Its advanced search and unified indexing technology securely connects with and crawls all systems to create a virtual integration layer, by federating and normalizing structured and unstructured information. Coveo was formed in 2005 and is based in Quebec City, Quebec.

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Investor(S) 1

Investor

Tandem Expansion Fund

Toronto, Ontario, Canada
Category Growth Capital Firm
Founded 2009
Size Small
Type Sector Focused
DESCRIPTION

Tandem Expansion is a private growth capital fund seeking to invest in small to mid-sized tech businesses in Canada. Specific areas of interest include IT (hardware, software, service), clean tech, energy/resource, technology, advanced materials, and life science. The Firm looks to invest $10 to $30 million in fast growing businesses with $5 to $50 million in revenues. Investment proceeds are typically used to fund organic growth or provide acquisition capital. Tandem was formed in 2009 and is based in Montreal, Québec.

DEAL STATS #
Overall 8 of 11
Sector (Software) 4 of 4
Type (Venture) 6 of 6
State (Quebec) 2 of 3
Country (Canada) 8 of 10
Year (2012) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-02 Blueprint

Toronto, Ontario, Canada

Blueprint is a provider of industry-major software solutions that accelerate and de-risk the digital transformation of large organizations. Blueprint transforms the Business-IT relationship into a visual and engaging collaboration. Blueprint Software System was founded in 2004 and is based in Toronto, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-24 Lithion Group

Henderson, Nevada, United States

Lithion Group engages in business of designing, developing, manufacturing, and selling primary lithium thionyl chloride, lithium sulfuryl chloride, lithium CFX, and lithium CFX Mno2 cells and packs. Lithion Power Group manufactures non-rechargeable primary lithium cells specifically designed to work in high vibration/shock environments with temperature ratings of up to 225°C. Lithion Group was founded in 1998 and based in Henderson, Nevada.

Buy -
Mergr

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