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CIBC Innovation Banking Provides Credit Facilities to MediaValet Inc.

Retrieved on: 
Thursday, May 30, 2024
Technology, Venture Capital, Banking, Professional Services, Audio, Video, Digital Cash Management, Digital Assets, Software, Asset Management, Data Management, DAM, Growth, STG, Management

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.

Key Points: 
  • 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.
  • “The successful completion of this transaction marks an important moment in the evolution of MediaValet.
  • By choosing CIBC Innovation and STG, I am confident that we have established a top-tier financial platform for success.
  • “We are thrilled to support MediaValet as it continues its growth and leadership in DAM, a critical software category for content focused enterprises,” said Niramay, Director, CIBC Innovation Banking.

CIBC Innovation Banking Provides Financing to Shorelight

Retrieved on: 
Wednesday, May 29, 2024
Technology, Finance, Venture Capital, Banking, Professional Services, Software, University, Data Management, Education, CIBC, Student

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.

Key Points: 
  • 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.
  • "We are thrilled to enhance our relationship with CIBC Innovation Banking through the successful closing of our new $30M revolving credit facility,” said Adam Packer, Chief Financial Officer, Shorelight.
  • "CIBC is excited to continue supporting Shorelight as it further scales its impact with universities in driving successful education outcomes through innovation,” said Andy Schwartz, Managing Director in CIBC Innovation Banking’s Chicago office.

CIBC Innovation Banking Provides Credit Facilities to Q4 Inc.

Retrieved on: 
Thursday, April 25, 2024
Venture Capital, Finance, Public Relations, Investor Relations, Artificial Intelligence, Banking, Communications, Professional Services, Technology, Growth

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.

Key Points: 
  • 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.
  • "With the successful completion of the transaction with our new sponsor, Sumeru Equity Partners, we are excited to deliver even greater value to our clients as the first AI-driven IR Ops Platform,” said Darrell Heaps, Founder and CEO of Q4 Inc. “We are pleased to have the continued support from CIBC Innovation Banking as the Company continues on our next phase of growth."
  • "We are proud to support Q4 as it continues its growth and leadership in the capital markets access space,” said Adam Weiers, Executive Director, CIBC Innovation Banking.
  • “The Company and its platform are well positioned to continue to transform the space and provide value to its global customers."

CIBC Innovation Banking Provides Growth Capital Financing to CertifID

Retrieved on: 
Tuesday, April 2, 2024
Technology, Insurance, Finance, Venture Capital, Security, Fintech, Banking, Professional Services, Software, Start-Up, Growth, Cryptocurrency

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.

Key Points: 
  • 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.
  • Through its portfolio of protection software, insurance and recovery services, CertifID’s mission is to help stop wire fraud and keep its clients’ money safe.
  • “CIBC Innovation Banking is a trusted partner to CertifID in our journey to protect more customers from wire fraud,” said Tyler Adams, CEO of CertifID.
  • “Given their proven track record of supporting technology startups, we look forward to expanding our business with CIBC Innovation Banking at our side.”
    “We are excited to work with CertifID as they enter the next phase of their growth,” said Jonathan Schupack, Managing Director, CIBC Innovation Banking.

CIBC Innovation Banking Provides Growth Capital to Skedda

Retrieved on: 
Thursday, March 14, 2024
Professional Services, Apps, Applications, Technology, Software, Finance, Venture Capital, Banking, Growth, University

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.

Key Points: 
  • 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.
  • “We’re excited to work with CIBC’s Innovation Banking team to accelerate Skedda’s product innovation and fuel our non-stop effort to provide our customers with a world-class workplace management platform that enables them to solve their hybrid work challenges,” said Michael Records, VP of Finance, Skedda.
  • “We’re thrilled to be working with Skedda as it solves a new pain point that emerged from the post-pandemic hybrid work environment,” said Brittany Blanco, Director, CIBC Innovation Banking.

CIBC Innovation Banking Provides Growth Capital Financing to Swoogo

Retrieved on: 
Wednesday, March 6, 2024
Data Management, Banking, Technology, Professional Services, Marketing, Venture Capital, Events, Concerts, Entertainment, Communications, Software, Finance, CIBC, Growth, Communication

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.

Key Points: 
  • 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.
  • Founded in 2015 by event professionals, for event professionals, Swoogo simplifies and streamlines the complexities of event management.
  • "The team at CIBC Innovation Banking understands our business needs,” said Anthony Vega, SVP Finance, Swoogo.

CIBC Innovation Banking Provides Growth Capital to Drips Holdings, LLC

Retrieved on: 
Wednesday, February 28, 2024
Technology, Mobile, Wireless, Finance, Venture Capital, Marketing, Telecommunications, Communications, Professional Services, Artificial Intelligence, Growth, Insurance, Organization, Education, Entrepreneurship, SMS

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.

Key Points: 
  • 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.
  • We chose CIBC Innovation Banking to come along side us in our journey and fuel our growth.
  • “We are excited to partner with the Drips team to reach the next phase in their growth cycle and become an integral component in the customer communication cycle,” said John Flemming, CIBC Innovation Banking Managing Director.

CIBC Innovation Banking Provides Growth Capital to InsightRX

Retrieved on: 
Friday, February 23, 2024
Biotechnology, Banking, Technology, Professional Services, Health, Pharmaceutical, Venture Capital, Health Technology, Software, Artificial Intelligence, Finance, Clinical trial, Pharmacology, Patient safety, Drug development, CIBC, Growth, Artificial intelligence, Intelligence, Patient, Pharmaceutical industry

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.

Key Points: 
  • 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.
  • To help us achieve our strategic vision of transforming patient care, we worked with CIBC for the necessary financing to accelerate our growth.
  • CIBC showed intellectual curiosity about the intricacies of our business and were thoughtful in their approach,” said Sirj Goswami, Ph.D., CEO and co-founder of InsightRX.

CIBC Innovation Banking Provides Growth Financing to CourseKey

Retrieved on: 
Tuesday, December 12, 2023
Technology, Finance, Venture Capital, Fintech, Banking, Professional Services, Software, Continuing, Training, Education, Student, CFO, Management

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.

Key Points: 
  • 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 is the right team at the right time for CourseKey,” said Craig Anderson, CFO, CourseKey.
  • Together with CIBC Innovation Banking, CourseKey can confidently continue to enable vocational workforces."
  • "We are thrilled to work with CourseKey as it continues to support students in achieving their career ambitions in trades and specialized professions,” said Brittany Blanco, Director, CIBC Innovation Banking.

CIBC Innovation Banking Provides Senior Credit Facilities to Parsec Automation

Retrieved on: 
Tuesday, November 28, 2023
Professional Services, Technology, Finance, Software, Venture Capital, Banking, Automation, Manufacturing operations management, Mom, BVP, Management

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.

Key Points: 
  • 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.
  • Parsec Automation enables manufacturing companies to optimize manufacturing processes, maximize asset utilization, and reduce lead times.
  • “We are pleased to work with CIBC Innovation Banking, a team that shares our commitment to innovation and excellence,” said Eddy Azad, Founder & CEO, Parsec Automation.
  • We look forward to achieving great success together.”
    "We are excited to work with Parsec Automation and support its mission of simplifying manufacturing operations, especially as manufacturers around the world focus on digitalization,” said Youssef Kabbani, Executive Director, CIBC Innovation Banking.