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    CIBC Innovation Banking logo

    CIBC Innovation Banking

    Toronto, CanadaFounded 2018

    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 100% year-over-year (6 deals in the last 12 months). Their most common stage is growth (40% of deals). Average disclosed round size is $29.3M (across 37 rounds with reported amounts).

    Find people at CIBC Innovation Banking on Goldilocks AI

    Portfolio

    41

    Fund Size

    —

    Top Stage

    Growth

    Last 12 Mo

    6

    Team

    Amy Olah

    Amy Olah

    Managing Director, Head of Venture Banking

    Andrew Phillips

    Andrew Phillips

    Managing Director, Head of Sponsor Finance

    Paul Gibson

    Paul Gibson

    Managing Director, Head of US East Coast Venture Banking

    Paul McKinlay

    Paul McKinlay

    Executive Managing Director, Head of Innovation Banking

    Ravi Patel

    Ravi Patel

    Managing Director, Head of Portfolio and Credit Solutions

    Sean Duffy

    Sean Duffy

    Managing Director, Head of UK and Europe

    Tej Sahi

    Tej Sahi

    Managing Director, Head of Fund Finance

    Walt Sparks

    Walt Sparks

    Executive Director, Head of Syndications

    Portfolio Breakdown

    Stage Distribution

    Sector Distribution

    Investment Activity

    DealsAvg Round Size

    Portfolio

    55 investments
    CompanyRoundAmountDate
    Axya logoAxyaSeries A—Sep 2026
    Qover logoQoverGrowth$12MMar 2026
    RRecareGrowth—Jan 2026
    Klir logoKlirSeries B$10MJan 2026
    Modo Energy logoModo EnergySeries B—Dec 2025
    Formalize logoFormalizeSeries B—Oct 2025
    Bench IQ logoBench IQSeed—Aug 2025
    Circula logoCirculaSeries A—May 2025
    ZeroNorth logoZeroNorthUnknown$20MFeb 2025
    Landytech logoLandytechUnknown$6.3MMay 2024
    Wisedocs logoWisedocsGrowth—Jan 2024
    Wisedocs logoWisedocsSeries A$12.7MJan 2024
    Smart Pension logoSmart PensionSeries A$95MMay 2023
    MMedfar Clinical SolutionsSeries C—Jan 2023
    Healthjoy logoHealthjoySeries D$60MOct 2022
    ProNavigator logoProNavigatorGrowth$10MSep 2022
    OvationCXM logoOvationCXMSeries C$20MSep 2022
    OvationCXM logoOvationCXMGrowth$20MSep 2022
    WellnessLiving logoWellnessLivingGrowth$66MAug 2022
    Panzura logoPanzuraSeries B$80MMay 2022
    Phorest logoPhorestGrowth$12MJan 2022
    Panzura logoPanzuraSeries B$80MJan 2022
    Healthjoy logoHealthjoySeries D$60MJan 2022
    WellnessLiving logoWellnessLivingGrowth$66MJan 2022
    TealBook logoTealBookSeries B$50MDec 2021
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    Top Co-Investors

    Last updated: 20 October 2026