CIBC Innovation Banking provided a growth capital facility for Crunchbase, a San Francisco-based provider of private-company prospecting and research solutions.
“The team at Crunchbase has done a phenomenal job of growing the platform’s unique data set and introducing product features that make it easier and more efficient for businesses to discover new opportunities in the private sector,” Holly Dungan, managing director at CIBC Innovation Banking, said. “We’re continually impressed by Crunchbase’s growth and excited to help accelerate their efforts.”
“This year, we’ve focused on building best-in-class company prospecting software and growing our rich database of companies,” Jager McConnell, CEO of Crunchbase, said. “Customers have already reported significant return on investment gains from new features like our Salesforce integration, enhanced search experience and updated company profiles. We’re looking forward to working with CIBC Innovation Banking as we continue to grow.”