CIBC Innovation Banking

CIBC Innovation Banking is a division of CIBC that serves entrepreneurs and investors in the innovation economy. Backed by CIBC, it offers financial capital, a broad network of connections, and insightful service to help growth-oriented companies and their investors secure funding, form partnerships, and scale operations. The bank's team combines capital solutions with practical guidance and access to a wide ecosystem of industry partners to support startups and venture-backed businesses through key growth stages.

Sean Duffy

Managing Director

Ab Makalo

Director, Innovation Banking

Paul McKinlay

Vice President and Head of US Originations

Mark R. McQueen

President and Executive Managing Director

Niramay CFA

Director, Relationship Management

Past deals in ERP

Vena Solutions

Debt Financing in 2025
Vena Solutions, established in 2011, specializes in financial planning and analysis software. It seamlessly integrates with Microsoft Excel and offers a cloud-based platform that automates and streamlines financial, accounting, and business processes. Vena's solution connects spreadsheets, templates, and models to a central database, governed by a workflow engine and business rules. It supports mobile access for task assignment, workflow review, alerts, and status updates. Vena caters to a wide range of business solutions, including budgeting, financial close management, reporting, and automating other spreadsheet-driven processes across various departments. With over 1,800 global clients, Vena is renowned for its agile planning capabilities, advanced analytics, and AI-powered insights, enhancing productivity, collaboration, and data-driven decision-making.

Rossum

Debt Financing in 2024
Founded in 2017, Rossum develops AI-powered data extraction software. Its platform automates information processing from invoices and other documents, integrating with ERP or accounting systems. Serving over 275 enterprise businesses worldwide, Rossum aims to boost productivity and precision while mitigating risks.

Ignition

Debt Financing in 2023
Ignition, officially known as Practice Ignition Pty Ltd, is an Australian company based in Chippendale that specializes in online proposal and practice management solutions for accounting practices. Founded in 2011, it offers a platform that enables users to create intelligent proposals that streamline workflows, automate back-office tasks, and improve client conversion rates. The software eliminates the need for traditional documentation methods, such as word processing and email exchanges, thereby reducing data duplication and enhancing efficiency in managing accounting practices.

Vena Solutions

Private Equity Round in 2020
Vena Solutions, established in 2011, specializes in financial planning and analysis software. It seamlessly integrates with Microsoft Excel and offers a cloud-based platform that automates and streamlines financial, accounting, and business processes. Vena's solution connects spreadsheets, templates, and models to a central database, governed by a workflow engine and business rules. It supports mobile access for task assignment, workflow review, alerts, and status updates. Vena caters to a wide range of business solutions, including budgeting, financial close management, reporting, and automating other spreadsheet-driven processes across various departments. With over 1,800 global clients, Vena is renowned for its agile planning capabilities, advanced analytics, and AI-powered insights, enhancing productivity, collaboration, and data-driven decision-making.
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