CIBC Innovation Banking provided $15 million in credit facilities to support Rubicon Technology Partners’ strategic investment in Toronto-based Nulogy, a provider of supply chain collaboration solutions.
“Having the right capital structure and banking partners is critical to advancing Nulogy’s vision of enabling brand manufacturers to synchronize their external supply chains through our multi-enterprise platform for greater interoperability and collaboration,” Jason Tham, CEO of Nulogy, said. “By choosing CIBC Innovation Banking and Rubicon as partners in Nulogy’s growth journey, we are even more confident in our ability to deliver new value to customers, while helping scale the strategic digital transformation initiatives of manufacturing external supply chains around the world.”
“We welcome Nulogy to our banking platform and look forward to further supporting the company’s continued leadership in solving some of the complex challenges inherent in vast, fast- moving consumer good supply chains,” Niramay, director of CIBC Innovation Banking, said. “Nulogy has established itself as the global platform of choice for multi-enterprise collaboration within FMCG external supply chains, and continues to be an innovative force in powering more efficient and sustainable supply chains through its centralized, data-driven, AI-enabled platform.”
