CIBC Innovation Banking provided a $25 million credit facility to Q4, a Toronto-based provider of cloud-based investor relations and capital markets solutions. Q4 will use the financing to support continued scaling of its team, deepening of its technology platform and the continued pursuit of growth opportunities.
“We are excited to work with the team at CIBC Innovation Banking and appreciate its support as we execute on our mission of helping IR teams deliver strategic impact to their companies,” Darrell Heaps, CEO of Q4, said. “The strategic importance of investor relations is made ever more apparent during challenging times. We are proud to have the backing of CIBC Innovation Banking and our other investors as we do everything in our power to help IR teams successfully navigate through to market recovery.”
Q4 completed a $35 million growth equity raise in 2018 and since then has achieved organic and inorganic growth, including strategic transactions with Business Wire and S&P Global Market Intelligence.
“Q4 provides an innovative and modern platform of tools that truly enables investor relations professionals,” Mark Usher, managing director and North American team lead at CIBC Innovation Banking, said. “They have built a durable and growing company and we are very excited to work with their team.”
Q4 is backed by investment firms Napier Park Financial Partners, First Ascent Ventures and Information Venture Partners, along with other venture capital and angel investors.
CIBC Innovation Banking delivers advice, funding and cash management to North American companies at each stage of the business cycle.
