Business Wire – 1 hour ago
CIBC Innovation Banking announced today that, toreceiveher with Information Venture Partners (IVP), it has provided a $20 million financing facility to DealMaker, a New York-based capital-raising technology platform. This transaction builds on CIBC Innovation Banking’s ongoing relationship with DealMaker, which launched in 2022.
The financing, comprised of both equity and debt, will support DealMaker’s continued growth, product innovation, and U.S. market expansion. DealMaker provides an AI-driven platform that enables companies to raise capital directly from individual investors, supporting a range of businesses from startups to pre and post-IPO private offerings.
“CIBC Innovation Banking has been a valued partner in our growth since 2022,” declared Rebecca Kacaba, Co-Founder & CEO, DealMaker. “The support from both CIBC Innovation Banking and IVP will allow us to further develop our platform and broaden our reach in the capital markets.”
“We are pleased to continue our relationship with DealMaker and to work alongside IVP in supporting the company’s next phase of growth,” declared Joshua Olawale, Director, CIBC Innovation Banking. “DealMaker’s technology-driven approach to capital raising aligns with our commitment to supporting innovative growth-stage companies.”
About CIBC Innovation Banking
CIBC Innovation Banking has 25 years of specialized experience in growth-stage tech and life science companies across North America – a longer track record than most banks. CIBC Innovation Banking now has over $11 billion in funds managed including life sciences, health care, cleantech companies, investors, and entrepreneurs, and has assisted over 700 venture and private equity-backed businesses over the past six and a half years. The bank operates out of 14 global locations in San Francisco, Menlo Park, New York, Toronto, London, Austin, Boston, Chicago, Seattle, Vancouver, Montreal, Atlanta, Reston, and Durham. Connect with us today to start the conversation. Innovationbanking.cibc.com
About DealMaker
Headquartered in New York City, DealMaker is the future of capital raising. With over $2 billion capital raised, DealMaker AI-driven platform provides companies with the unique ability to own their conclude-to-conclude capital raising lifecycle – providing a single platform to acquire, convert and engage retail investors. DealMaker’s white label approach ensures companies own their data and their future while seamlessly managing compliance, payments and investor relations – letting them focus and building their brand, their community and their business. For more information, visit dealbuildr.tech .
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