CIBC Innovation Banking Announces $33 Million Comprehensive Financing Solution for Bloomerang, Inc.

Feb 10, 2021•over 4 years ago

Amount Raised

$33 Million

Toronto

Description

CIBC Innovation Banking is pleased to announce a growth capital facility for Indianapolis-based Bloomerang, Inc. (“Bloomerang”). Bloomerang plans to use the capital for its recent acquisition of Nashville, TN-based Kindful, Inc. (“Kindful”), and to continue its growth momentum.

Company Information

Company

Cibc Innovation Banking

Location

Toronto, Ontario, Canada

About

CIBC Innovation Banking delivers strategic advice, cash management and funding to innovation companies across North America, the UK, and select European countries at each stage of their business cycle, from start up to IPO and beyond. With offices in Atlanta, Austin, Boston, Chicago, Denver, London, Menlo Park, Montreal, New York, Reston, Toronto and Vancouver, the team has extensive experience and a strong, collaborative approach that extends across CIBC’s commercial banking and capital markets businesses in the U.S. and Canada.

Funding Insights

Based on industry data

Tech investment trends

83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech