Articles from CIBC Innovation Banking

CIBC Innovation Banking announced today that it has provided venture debt financing to SlicedHealth, Inc. The company will use the financing to further its investment in the platform and grow its workforce. SlicedHealth raised a Series A lead by Arthur Ventures in July 2024.

CIBC Innovation Banking announced today that it has provided a growth-focused credit facility to SpryPoint Services Inc., a leading provider of software for public utilities.

CIBC Innovation Banking announced today that it has provided credit facilities to support MediSpend’s acquisition of Real Life Sciences (“RLS”), a leading provider of advanced anonymization and redaction solutions for clinical trial data. Backed by Susquehanna Growth Equity (“SGE”), MediSpend provides commercial compliance solutions for the largest pharmaceutical, medical device and dental companies as well as emerging biotech companies across the world.

CIBC Innovation Banking has provided growth capital financing to Landbase, an AI-powered go-to-market automation platform. The funding will support Landbase's growth plans and product development.

CIBC Innovation Banking today announced a US$13 million growth capital facility for Practice Better, a leading all-in-one practice management software platform serving health and wellness professionals. The investment will support Practice Better's continued expansion into new markets and accelerate product innovation empowering health and wellness professionals to reach millions of clients.

CIBC Innovation Banking has appointed Paul McKinlay and Patrick Martin as Executive Managing Directors and Co-Heads, effective November 1, 2024, as Mark Usher retires from his position as President and Executive Managing Director.

CIBC Innovation Banking announced today it has provided US$20 million in growth capital to Procurify, a leader in proactive spend management solutions. This funding will support Procurify’s continued development of innovative procurement technologies and its mission to enhance organizational spend transparency and efficiency.

CIBC Innovation Banking announced today that it has provided credit facilities to support Vertu’s strategic investment in Toronto-based LumiQ, a leading technology-enabled education platform offering accredited professional development courses and content to accounting and finance professionals. Founded in 2016, LumiQ works with over 1,000 corporate and accounting firms across North America.

CIBC Innovation Banking announced today that it has provided growth capital to Booksy, a mobile-first booking platform that connects beauty, wellness and health professionals with local customers, powering hundreds of millions of appointments each year. The company will use the financing to accelerate new customer acquisition, marketplace expansion, and platform enhancements.

CIBC Innovation Banking announced today that it has provided $15 million in credit facilities to support Rubicon Technology Partners’ strategic investment in Toronto-based Nulogy, a leading provider of supply chain collaboration solutions. Nulogy's cloud-based, multi-enterprise platform allows brands to orchestrate their extended supply chain, driving improved service while reducing waste, minimizing cost, and accelerating growth.

CIBC Innovation Banking announced today that it recently acted as the lead arranger and administrative agent on a credit facility for 360insights, a partner engagement and business optimization company based in Whitby, ON.

CIBC Innovation Banking announced today that it has provided a growth capital financing facility to threatER, a cyber defense category leader focused on eliminating cyber threats before they reach the network. This growth capital will support threatER’s scale-up as they strive to help medium-sized businesses and enterprises, especially in financial services, healthcare and legal, protect their business from cyberattacks and increasingly sophisticated digital bad actors.

CIBC Innovation Banking announced today that it has provided $10 million in growth capital to Boosted.ai, a Toronto-based company that uses AI to automate investment management processes and increase productivity. Boosted.ai will use the funds to invest in product development and sales expansion in the Canadian and US market.

CIBC Innovation Banking announced today that it has provided growth financing to Andgo Systems Inc., a market leader in workflow automation solutions for dynamic absence onboarding, shift filling, and vacation mapping in complex, high volume industries. The company will use the financing to further fuel its accelerated expansion across North America.

CIBC Innovation Banking announced today that it has provided $4.5M CAD in growth capital financing to support Wisedocs’ mission to both further broaden its client base and to expand its product offering. Wisedocs’ artificial intelligence (AI) software platform summarizes claim files for the insurance industry to enable fast and inexpensive medical record reviews.

CIBC Innovation Banking today announced $10 million in growth capital financing for Clariti, a leading provider of purpose-built community development solutions for North American local governments. This funding will accelerate the development of new product features, support the ongoing integration of permitting technology provider Camino, which was acquired by Clariti in 2023, and be reinvested in customer service teams to support the company’s rapidly growing customer base across North America.

CIBC Innovation Banking is pleased to announce that it recently acted as the lead arranger and an administrative agent on a debt facility for New York-based Yipit, LLC (YipitData), the trusted source of alternative data insights for investment funds and large corporations.

CIBC Innovation Banking announced today it has provided $10 million in growth capital to Spare, a leading provider of on-demand transit software. The funding will accelerate Spare's development of Artificial Intelligence (AI) solutions, helping to advance its mission to enhance public transit accessibility and efficiency for people underserved by conventional transit systems.

CIBC Innovation Banking announced today that it has provided credit facilities to support STG's strategic investment in Vancouver-based MediaValet Inc., a leading provider of enterprise digital asset management (DAM), video content management and creative operations software.

CIBC Innovation Banking announced today that it has provided extended financing to Boston-based Shorelight, an enrollment and performance management platform that drives international student success at top universities. Shorelight will use the extended financing to continue enhancing its product and service offering to international students and university partners.

CIBC Innovation Banking announced today that it has provided credit facilities to support Sumeru Equity Partners’ (Sumeru) strategic investment in Toronto-based Q4 Inc. (“Q4” or the “Company”), the first IR Ops Platform.

CIBC Innovation Banking announced today that it has provided growth financing for wire fraud protection company CertifID, which will use the financing to further expand its portfolio of wire fraud prevention services.

CIBC Innovation Banking announced today that it has provided growth financing to Skedda, a leading global space management and scheduling platform focused on serving employees in today’s hybrid work environment. This funding will drive product innovation and further fuel Skedda’s global expansion.

CIBC Innovation Banking announced today that it has provided growth financing to Swoogo, a leading provider of event management software for in person, digital and hybrid events. Swoogo will use the funding to solidify their position and offering for enterprise event management, helping organizers run events at scale.

CIBC Innovation Banking announced today that it has provided growth financing to Drips Holdings, LLC (Drips), an Akron, Ohio-based conversational outreach company that helps organizations orchestrate large scale 1:1 conversations precisely at critical moments in the customer journey. Drips plans to utilize the financing to bolster product development and facilitate expansion into diverse industry verticals within U.S. markets.

CIBC Innovation Banking announced today that it has provided growth financing to InsightRX, a San Francisco-based software company leveraging quantitative pharmacology and artificial intelligence (AI) to improve therapeutic decision-making from phase I drug development to the point of patient care. InsightRX applies patient-specific data and quantitative models to tailor dosing for complex treatments, including antibiotics, chemotherapeutic agents, and immunosuppressants. InsightRX also employs AI to empower data scientists in analyzing clinical trial data, aiding in trial design, understanding dose-exposure-response relationships, and refining dosing strategies for regulatory submissions.

CIBC Innovation Banking announced today that it has provided Senior Credit Facilities to CourseKey, a leading student success and retention platform for trade and vocational education programs.

CIBC Innovation Banking announced today that it has provided Senior Credit Facilities to support BVP Forge’s strategic investment, and fund the recapitalization of Parsec Automation, a leading Manufacturing Operations Management (MoM) software platform.

CIBC Innovation Banking announced today that it has provided an upsize to its growth capital financing facility with Jirav Inc. (Jirav). The company will use the financing to further accelerate product development, broaden its customer base across small and medium-sized businesses (SMBs), mid-market companies, and accounting firms while hiring talent to support its growth.

CIBC Innovation Banking is pleased to announce an upsized growth capital financing for DealMaker, a leading capital-raising technology platform. This funding will further fuel the company’s accelerated expansion across North America.

CIBC Innovation Banking announced today that it has provided a $3.5 million debt financing facility to Edmonton-based, Nanoprecise Sci Corp. (Nanoprecise). The company plans to use the funds for working capital purposes.

CIBC Innovation Banking announced today that it has provided financing support for Clearhaven Partners’ investment in Korbyt, an industry-leading workplace experience platform.

CIBC Innovation Banking announced today that it has provided $13 million in growth capital financing to Performio, an incentive compensation-software company.

CIBC Innovation Banking announced today that it has increased its growth financing commitment to Bidgely, a leading provider of artificial intelligence (AI) powered energy intelligence solutions for energy providers worldwide. The additional financing commitment will strengthen Bidgely’s ability to support critical utility initiatives, particularly as the proliferation of electric vehicles (EV) and global decarbonization goals redefine the energy market.

CIBC Innovation Banking announced today that it has provided €12m in debt financing to Phrase, a global cloud-based localisation software provider, headquartered in Prague, that helps brands localise and translate content more efficiently and manage the end-to-end process at scale. Phrase will use the funds to further develop the next generation of AI-driven language technology.

CIBC Innovation Banking is pleased to announce it has provided growth capital financing to ConnectCPA, an industry leading provider of cloud-based accounting and bookkeeping services. The financing will be used to propel ConnectCPA's product development and expand its market footprint.

CIBC Innovation Banking announced today that it has provided Senior Credit Facilities to support BVP Forge’s strategic investment and fund working capital in Medisolv, a leading healthcare quality management platform.

CIBC Innovation Banking announced today that it has provided an extension to its existing growth capital financing to construction-software company, Bridgit.

CIBC Innovation Banking is pleased to announce that its North American team is growing, with team members joining in New York and San Francisco.

CIBC Innovation Banking announced today that it has provided growth financing to KeyOps, a Toronto-based insights and engagement platform that connects physicians to life science companies. KeyOps will use the funds to invest in product development and expansion into the US market.

CIBC Innovation Banking is pleased to announce the lead arrangement of a $60 million syndicated debt financing commitment for Indianapolis-based Bloomerang, LLC (Bloomerang), a complete donor relationship management solution for thousands of small and medium-sized nonprofits. The additional capital further accelerates the company's ability to deliver the nonprofit relationship management platform of the future.

CIBC Innovation Banking announced today that it has provided $40 million in growth capital financing to Viz.ai to expand the San Francisco-based company’s AI-powered care coordination platform and fuel its expansion, including potential acquisitions.

CIBC Innovation Banking is pleased to announce a growth capital facility for Fredericton-based Beauceron Security Inc. (“Beauceron Security”), a cybersecurity SaaS platform that helps businesses of all sizes manage and monitor for cyber risks.

CIBC Innovation Banking announced today that it has provided £10m in growth capital financing to LandTech, a London-based proptech firm enabling property developers and property professionals to identify and assess off-market development opportunities.

CIBC Innovation Banking today announced that Mark Usher has been appointed Senior Vice-President, Innovation Banking; President and Executive Managing Director, CIBC Innovation Banking, effective February 28, 2023, taking on the role currently held by Mark McQueen who is departing to start the next chapter in his career.

CIBC Innovation Banking is pleased to announce the lead arrangement of a $45 million syndicated debt financing for Atlanta-based Azalea Health, a leading provider of electronic health records and revenue cycle management for community-based healthcare providers.

CIBC Innovation Banking is pleased to announce a $25 million debt financing for Massachusetts-based Podimetrics Inc. ("Podimetrics"), an integrated clinical care service company that helps prevent amputations in patients suffering from complex diabetes. Podimetrics plans to use the growth capital to expand its commercial operations.

CIBC Innovation Banking is pleased to announce a growth capital facility for San Jose-based SupportLogic, Inc. (“SupportLogic”), a support experience (SX) platform designed to proactively improve customer experience and revenue retention.

CIBC Innovation Banking announced today that it has provided growth capital financing to Userlane, a software company based in Germany. Userlane will use the funds to expand its suite of products that help companies master enterprise software and associated processes more easily.

CIBC Innovation Banking is pleased to announce a new debt financing for Massachusetts-based TransMedics Group, Inc. ("TransMedics"), a market leading medical technology company that focuses on organ transplant therapy for patients with end-stage lung, heart and liver failure. TransMedics plans to use the incremental growth capital to accelerate its commercial momentum, helping to grow transplant volume and improve clinical outcomes.

CIBC Innovation Banking is pleased to announce it has provided $40 million of debt financing to Huntress, a managed cybersecurity platform for small and mid-sized businesses (SMBs). Huntress plans to use the financing for M&A opportunities, research, product development, and expansion into international markets across Canada, the UK, Europe, Australia and New Zealand.

CIBC Innovation Banking is pleased to announce that it is expanding its presence in the Southeastern region of the U.S. through a new office in Durham, North Carolina.

CIBC Innovation Banking announced today that it has provided €35 million in growth capital financing to Ageras to accelerate the Copenhagen-based company’s strategic acquisitions pipeline and to expand its suite of software tailored to the demands of small businesses.

CIBC Innovation Banking is pleased to announce £40 million of growth financing for London-based Smart, a leading retirement technology provider. Smart will use the capital to expand its market growth, accelerate the launch of strategic products, and undertake acquisitions.

CIBC Innovation Banking is pleased to announce new debt financing for Chicago-based NowSecure, a mobile application security and privacy software company. NowSecure plans to use the capital to further invest in its advanced application security testing solutions and go-to-market strategy.

CIBC Innovation Banking is pleased to announce today that Ron Singh is joining the team as a Managing Director in CIBC Innovation Banking’s Denver office. With over 20 years of industry experience with business development, deal structuring, and team leadership, Ron brings his range of talents to CIBC Innovation Banking at an important juncture in the group’s continued evolution as it supports the growth ambitions of hundreds of existing and emerging startups in the area. Ron joins from Bank of America in Denver, where he was a Senior Vice-President.

CIBC Innovation Banking is pleased to announce growth capital financing for DealMaker, a leading capital raising technology platform. The financing will enable the company to accelerate its growth across North America.

CIBC Innovation Banking is pleased to announce today that it is opening a new office in Seattle, Washington to help support the growth ambitions of the hundreds of existing and emerging start ups in the area.

CIBC Innovation Banking is pleased to announce it has provided financing solutions, including a capital call line of credit, to Graphite Ventures (Graphite), a $100-million fund focused on seed-stage investments and extensions, through to the rights for Series A rounds. The capital call facility provides Graphite with the flexibility to make investments in portfolio companies prior to calling capital from the fund’s limited partners.

CIBC Innovation Banking is pleased to announce it has provided a $100 million credit facility to Portland-based Expensify, a payments superapp that helps individuals and businesses around the world simplify the way they manage money. This funding, provided in October 2021, will further support the company’s rapid growth and product expansion, and represents a significant increase to an existing relationship between CIBC Innovation Banking and Expensify.

CIBC Innovation Banking is pleased to announce a debt facility of $35 million for Atlanta-based Intradiem, a leading provider of automation technology solutions for customer service teams. Intradiem will use the capital to expand its market growth and accelerate the launch of strategic products to deliver on its next generation platform and machine learning initiatives.

CIBC Innovation Banking is pleased to announce the expansion of its New York City office with a series of new hires and promotions, as the group continues its strategic growth in key technology, life science, and clean tech markets in North America and the UK.

CIBC Innovation Banking is pleased to announce the funding of an acquisition credit facility for Harbor Business Compliance Corporation (d/b/a Harbor Compliance). Harbor Compliance is a technology company that empowers nonprofits and businesses with licensing, tax, and entity management solutions. Harbor utilized the new capital to finance its acquisition of Labyrinth, Inc.

CIBC Innovation Banking is pleased to announce a new debt financing for Boston-based Shorelight, an enrollment and performance management platform that drives international student success at top universities. Shorelight plans to use the capital to further invest in automated, self-service tools for students, counselors and universities engaged on its platform.

CIBC Innovation Banking is pleased to announce a debt facility of $50 million for Atlanta and Indianapolis-based Terminus Software (“Terminus”), a leading account based marketing platform. Terminus will use the capital to aid in M&A transactions, international expansion, and future product development. This includes its recent acquisition of Zylotech, a B2B customer data platform, now known as Terminus CDP.

CIBC Innovation Banking is pleased to announce a new growth capital financing to California-based Mindful Health Solutions, a provider of mental health services geared towards treatment-resistant depression. The funding will enable the company to accelerate its growth by further expanding into new locations across the United States.

CIBC Innovation Banking is pleased to announce a $30 million credit facility for Atlanta-based Azalea Health (“Azalea”). Azalea will use the capital to aid in its recent acquisition of dashboardMD, a cloud-based provider of business intelligence reporting solutions and healthcare analytics.

CIBC is pleased to announce the creation of a $450 million fund dedicated to investing in key Canadian and U.S.-based venture capital and growth equity funds.

CIBC Innovation Banking is pleased to announce a $15 million acquisition credit facility to Pennsylvania-based Blue Cloud Pediatric Surgery Centers (“Blue Cloud”), a leading provider of pediatric dental services in ambulatory surgical centers across the country.

CIBC Innovation Banking is pleased to announce the opening of its new office in London to support the ambitions of UK-based entrepreneurs and their Venture Capital-backers by providing growth capital across a number of innovation ecosystems.

CIBC Innovation Banking is pleased to announce that Jonathan Schupack is joining its growing North American team as Executive Director and Market Lead for the Texas Region. He will be based in CIBC Innovation Banking’s office in Austin, TX.

CIBC Innovation Banking is pleased to announce it has provided a $5 million credit facility to Nevada-based Karbon Inc. (“Karbon”), which provides industry-leading practice management software for accounting firms. The company plans to use the facility to support its hiring plans and further invest in its diverse product set.

CIBC Innovation Banking is pleased to announce it has provided a Capital Call Line of Credit to Vanedge Capital III L.P. (“Vanedge”), an early-stage venture capital fund. The financing solution provides Vanedge the ability to make investments in portfolio companies prior to calling capital from the fund’s limited partners and continue its investment strategy in analytics, hardtech and computational biology.

CIBC Innovation Banking is pleased to announce it has provided financing solutions, including a Capital Call Line of Credit, to Maverix Private Equity (“Maverix”). The capital call facility provides Maverix with the flexibility to make investments in portfolio companies prior to calling capital from the fund’s limited partners.

CIBC Innovation Banking today announced the appointment of Charlie Kelly and Alan Spurgin as Co-Heads of its U.S. Technology Banking team. The appointments of Mr. Kelly and Mr. Spurgin within the bank’s broader North American Innovation Banking group position CIBC to meet the needs of fast-growing technology firms, as the innovation ecosystem is poised for accelerated growth within the economic recovery.