CIBC Innovation Banking is the tech lending arm of CIBC (Canadian bank, $50bn+ market cap), est. 2018 via Wellington Financial acquisition. Deployed $11.2bn growth capital; 700+ portfolio companies. Team: 8+ members (Toronto-headquartered), offices in Toronto, London, NYC, Boston, SF, Austin, Chicago, Denver. Core: venture debt, recurring revenue financing, growth equity for Series A+ tech/life sci startups. Non-dilutive, 18-24mo runway extension typical. Mark McQueen (President, MD).
Investment Focus
Investment Thesis
Venture debt + recurring revenue financing for tech/life sciences. Focus: Series A-C to late-stage, growth-stage startups. Cheque size £5m-£30m+. Non-dilutive capital, asset-light. Avoid early-stage pure equity deals. Sector specialization: SaaS, software, biotech, fintech. Strong software space expertise. Geographic: North America, UK, Europe. Differentiator: 25+ yrs experience; backed by major N.A. bank ($50bn+); deployed $11.2bn to 700+ companies; flexible, founder-friendly approach.
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