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Your partner for the innovation economy
Partners in innovation
Innovation Banking offers a complete ecosystem of financial services tailored to each stage of the business lifecycle, from the debt and financing solutions early-stage companies need to get started to the growth capital and runway extensions that enable middle- and mature-stage businesses to take that next step.
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Expensify
San Francisco-based Expensify, which specializes in expense-management reporting, secured $11 million US in debt financing with us to support its growth plans.
Geoforce
The Plano, Texas-based field asset tracking solutions company worked with our team to set up $5 million US in working capital financing to assist with accelerating its product delivery and executing on client growth strategies.
Hootsuite
Vancouver-based Hootsuite, creator of the world’s most-used social media management platform, entered into a credit financing agreement of up to $50 million US with us to support growth expansion in Asia, Europe and Latin America.
Jane Software Inc.
Vancouver-based Jane Software is a leading cloud-based clinic management software company. Our team recently provided $2 million in growth capital financing to assist with Jane’s worldwide business expansion.
Lightspeed
Montreal-based Lightspeed POS closed a $55 million US debt facility with us to assist with strategic acquisitions and support the company’s growth strategy for its point-of-sale software following its $276-million IPO on the Toronto Stock Exchange.
Parchment
Scottsdale, Arizona-based Parchment, a leader in the education sector that specializes in digitizing and distributing education credential records, worked with us to set up $7 million US in growth capital financing to help meet future business strategy and goals.
Client testimonials
In the innovation economy, a startup needs a minimal viable product. But how do you create one without wasting time and money? Construction software success story Bridgit explains the secret to their success in Episode 1 of CIBC’s Innovation Economy series.
Disclaimer: Any video appearing on this webpage has been prepared for introductory and informational purposes only. No such video shall, in any way, represent an offer to buy or sell any security discussed therein or otherwise be relied upon in connection with the purchase or sale of any security discussed therein. CIBC expressly disclaims any liability based in whole or in part on any information contained in any such video, including, without limitation, its accuracy, adequacy or completeness.
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