Cibc Innovation Banking news and trends

UK Retirement Tech Firm Smart Raises $47M
Investments // July 14, 2022

Smart, a London-based company that provides retirement technology, has raised 40 million pounds ($47.5 million) in growth financing from CIBC Innovation Banking, according to a Thursday (July 14) press release. Smart will use the funding to expand its market growth, launch new products and make...

CIBC Pledges $12M to Help Salon-Booking App Phorest Grow
Investments // March 07, 2022

London-based CIBC Innovation Banking has invested $12 million in growth financing in Phorest, an online booking and management software platform for salon owners. Dublin-based Phorest will use the funding to expand its market growth and boost the launch of new products, the company said in...

CIBC Innovation Banking Finances Graphite Ventures Through Series A Rounds
Investments // February 22, 2022

CIBC Innovation Banking on Tuesday (Feb. 22) provided financing solutions, including a capital call line of credit, to seed-stage investment firm Graphite Ventures through to the rights for Series A rounds. According to a joint press release, the capital call facility will allow Graphite to...

Terminus Software Gets $50M Debt Facility from CIBC 
B2B Payments // November 01, 2021

The account-based marketing (ABM) platform Terminus Software has received a debt facility of $50 million from CIBC Innovation Banking.  The two entities announced the capital in a news release Monday (Nov. 1), saying Terminus, which is headquartered in Indianapolis and Atlanta, would use this capital...

Quick Reads
Clariti Secures $10 Million Financing for Government Permitting, Licensing Solutions

June 26, 2024
Clariti has secured $10 million in growth capital financing from CIBC Innovation Banking for its permitting and licensing software solutions for North American local governments. The company also recently received an investment of $18 million from Vistara Growth, according to a Wednesday (June 26) press release. Clariti will use the funding to develop new features, […]

UK Retirement Tech Firm Smart Raises $47M

July 14, 2022
Smart, a London-based company that provides retirement technology, has raised 40 million pounds ($47.5 million) in growth financing from CIBC Innovation Banking, according to a Thursday (July 14) press release....

CIBC Pledges $12M to Help Salon-Booking App Phorest Grow

March 07, 2022
London-based CIBC Innovation Banking has invested $12 million in growth financing in Phorest, an online booking and management software platform for salon owners. Dublin-based Phorest will use the funding to...