CIBC Innovation Banking Provides Financing Solutions to Graphite Ventures | News

TARONTA – (BUSINESS WIRE) – February 22, 2022–

CIBC Innovation Banking is pleased to announce that it has provided financial solutions, including a capital call credit line, Graphite Ventures (Graphite), a $ 100 million investment-focused fund and an extension of the initial phase, up to the rights to Series A rounds. The capital call feature gives Graphite the ability to invest in portfolio companies before capital outflows from limited fund partners.

Building on the team’s record, using a disciplined and proven investment model, Graphite will continue to support early-stage company investments across Canada. This allows startups to compete and scale around the world. The foundation focuses on B2B SaaS, digital healthcare, proptech, fintech and capital-efficient hardware business. To date, Graphite has closed eight investments and raised $ 77 million in capital. The fund plans to close $ 100 million in 2022.

“The team behind Graphite has demonstrated an effective investment strategy over the years, and CIBC is proud to support them in their future portfolio investments,” said Rob Rosen, Managing Director of CIBC Innovation Banking in Toronto. “They have consistently supported companies at an early stage to help them get to Serie A and beyond, and we are excited to see how they continue to help develop Ontario’s thriving innovation startup ecosystem.”

“CIBC Innovation Banking is a valuable partner in the ecosystem, and they have supported many of our portfolio companies by providing competitive banking solutions. Our CIBC Capital Challenge Program will help us effectively deploy capital in our investments, which is an integral part of our fund’s operations. We look forward to continuing to work with CIBC as we scale Graphite Ventures and the portfolio companies we support, ”said Aaron Bast, General Partner of Graphite Ventures.

About CIBC Innovation Banking

CIBC Innovation Banking provides strategic advice, cash management and funding to innovative companies in North America, the UK and selected European countries at every stage of their business cycle, from start to IPO and beyond. With offices in Atlanta, Austin, Boston, Chicago, Denver, London, Menlo Park, Montreal, New York, Restan, Toronto and Vancouver, the team has extensive experience and a strong approach to collaboration that extends to commercial banking and CIBC capital markets . in the US and Canada.

About Graphite Ventures

Graphite Ventures is the starting point for a large-scale venture company. Founded in 2021 as an evolution of the IAF MaRS, we are one of Canada’s most active and consistent venture funds, investing in 175 companies over the past decade. Graphite Ventures invests in B2B SaaS, technology, proptech, digital health and capital efficient equipment business. For more information visit, email us at or follow @graphitevc at Twitter and LinkedIn.

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SOURCE: CIBC Innovation Banking

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PUB: 22.02.2022 09: 00 / DISK: 22.02.2022 09:02

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