
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 67% year-over-year (5 deals in the last 12 months). Average disclosed round size is $30.5M (across 35 rounds with reported amounts).
Portfolio
37
Fund Size
—
Top Stage
Growth
Last 12 Mo
5
Team
Ravi Patel
Managing Director, Head of Portfolio and Credit Solutions
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
50 investments
| Company | Round | Amount | Date |
|---|---|---|---|
| Growth | $12M | Mar 2026 | |
| RRecare | Growth | — | Jan 2026 |
| Series B | $10M | Jan 2026 | |
| Series B | — | Dec 2025 | |
| Series B | — | Oct 2025 | |
| Seed | — | Aug 2025 | |
| Series A | — | May 2025 | |
| Unknown | $20M | Feb 2025 | |
| Unknown | $6.3M | May 2024 | |
| Growth | — | Jan 2024 | |
| Series A | $12.7M | Jan 2024 | |
| Series A | $95M | May 2023 | |
| MMedfar Clinical Solutions | Series C | — | Jan 2023 |
| Series D | $60M | Oct 2022 | |
| Growth | $10M | Sep 2022 | |
| Series C | $20M | Sep 2022 | |
| Growth | $20M | Sep 2022 | |
| Growth | $66M | Aug 2022 | |
| Series B | $80M | May 2022 | |
| Growth | $12M | Jan 2022 | |
| Series B | $80M | Jan 2022 | |
| Series D | $60M | Jan 2022 | |
| Growth | $66M | Jan 2022 | |
| Series B | $50M | Dec 2021 | |
| Unknown | $35M | Jan 2021 |
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Top Co-Investors
Inovia Capital4 shared
BDC Capital3 shared
Savano Capital Partners3 shared
M-One Capital2 shared
Nueterra Capital2 shared
Health Velocity Capital2 shared
Endeavour Vision2 shared
Calm Ventures2 shared
Kayne Partners2 shared
Enterprise Ireland2 shared
GreenSky Ventures2 shared
MaRS IAF2 shared
Luge Capital2 shared
CIBC2 shared
Investissement Québec2 shared
Nyca Partners2 shared
Telstra Ventures2 shared
Capital One Ventures2 shared
JumpStart Ventures2 shared
Last updated: 7 October 2026