
CIBC Innovation Banking is a division of Canadian Imperial Bank of Commerce (CIBC) that provides venture debt, growth financing, and specialized banking services to technology and life science companies. Launched in 2018 following CIBC's acquisition of Wellington Financial, it serves venture- and private equity-backed companies across North America and the UK.
Deal activity increased 150% year-over-year (5 deals in the last 12 months). Average disclosed round size is $22.6M (across 61 rounds with reported amounts).
Portfolio
51
Fund Size
—
Top Stage
Growth
Last 12 Mo
4
Team
Ravi Patel
Managing Director, Head of Portfolio and Credit Solutions
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
76 investments
| Company | Round | Amount | Date |
|---|---|---|---|
| Growth | $12M | Mar 2026 | |
| RRecare | Growth | — | Jan 2026 |
| Series B | $10M | Jan 2026 | |
| Series B | — | Oct 2025 | |
| Series A | — | May 2025 | |
| Unknown | $20M | Feb 2025 | |
| Series A | $12M | Jan 2025 | |
| Seed | — | Jan 2025 | |
| Unknown | $6.3M | May 2024 | |
| Growth | $18M | Jan 2024 | |
| WWisedocs Inc | Growth | — | Jan 2024 |
| WWisedocs Inc | Series A | $12.7M | Jan 2024 |
| Unknown | $15M | Jan 2024 | |
| Series D | $60M | Oct 2022 | |
| Growth | $10M | Sep 2022 | |
| Series C | $20M | Sep 2022 | |
| Growth | $66M | Aug 2022 | |
| Series A | $20M | Jun 2022 | |
| Series B | $80M | May 2022 | |
| Seed | $4.1M | Jan 2022 | |
| Growth | $12M | Jan 2022 | |
| Growth | $10M | Jan 2022 | |
| Series B | $35M | Jan 2022 | |
| Series B | $50M | Dec 2021 | |
| Series B | $30M | Sep 2021 |
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Top Co-Investors
Information Venture Partners6 shared
BDC Capital5 shared
Ten Coves Capital4 shared
Export Development Canada4 shared
Updata Partners4 shared
LiveOak Venture Partners3 shared
Jump Capital3 shared
Royal Bank of Canada2 shared
Zetta Venture Partners2 shared
Bay Partners2 shared
Klass Capital2 shared
ScaleUP Ventures2 shared
Edison Partners2 shared
Hyde Park Venture Partners2 shared
Arthur Ventures2 shared
Connecticut Innovations2 shared
McRock Capital2 shared
Enterprise Ireland2 shared
GreenSky Ventures2 shared
Last updated: 7 September 2026