CIBC Innovation Banking provided senior credit facilities to support BVP Forge’s investment and fund the recapitalization of Parsec Automation, a manufacturing operations management software platform.
CIBC Innovation Banking upsized its growth capital financing facility with Jirav, which will use the financing to further accelerate product development and broaden its customer base.
CIBC Innovation Banking provided a $3.5 million debt financing facility to Edmonton, AB-based Nanoprecise, which plans to use the funds for working capital purposes.
CIBC Innovation Banking provided $13 million in growth capital financing to Performio, an incentive compensation-software company offering a software-as-a-service platform that provides real-time insights and enables data-driven decision-making.
CIBC Innovation Banking provided €12 million ($13.35 million) in debt financing to Phrase, a Prague-based cloud-based localization software provider that helps brands localize and translate content and manage the end-to-end process at scale.
CIBC Innovation Banking provided growth capital financing to ConnectCPA, a provider of cloud-based accounting and bookkeeping services. The financing will be used to propel ConnectCPA’s product development and expand its market footprint.
CIBC Innovation Banking provided senior credit facilities to support BVP Forge’s strategic investment and fund working capital in Medisolv, a healthcare quality management platform.
CIBC Innovation Banking expanded its North American team by hiring Ben Shephard as an executive director based in the company’s office in New York and Sean Thompson as managing director and market lead in the company’s Menlo Park office in San Francisco.
CIBC Innovation Banking provided growth financing to KeyOps, a Toronto-based insights and engagement platform that connects physicians to life science companies. KeyOps will use the funds to invest in product development and expansion into the U.S. market.
CIBC Innovation Banking acted as lead arranger of a $60 million syndicated debt financing commitment for Indianapolis-based Bloomerang, a complete donor relationship management solution for thousands of small and medium-sized nonprofits.