CIBC Innovation Banking announced that, together 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 began in 2022.
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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,” said 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,” said Joshua Olawale, Director, CIBC Innovation Banking. “DealMaker’s technology-driven approach to capital raising aligns with our commitment to supporting innovative growth-stage companies.”
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