13 Oct, 2021

CIBC announces $450 Million fund focused on Venture Capital and Growth Equity funds

Over the past three years, CIBC has made financial commitments as a Limited Partner to 12 Canadian-based venture capital and growth equity funds, covering every stage of the entrepreneurial lifecycle. The underlying fund strategies have included woman-led startups, Fintechs, disruptive tech and early stage software companies. These financial commitments are above and beyond CIBC’s previously-announced leadership role in the establishment and early capitalization of the Canadian Business Growth Fund.

CIBC has recently doubled its capital commitment to venture fund investing and is now making Limited Partner investments in select later-stage, U.S.-based growth equity funds supporting the tech and life science sectors.

CIBC Launches $450 Million Fund Focused on Venture Capital and Growth Equity Funds (yahoo.com)
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About : Kevin Bae

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