CIBC Innovation Banking invests in growth of DealMaker

• DealMaker has a suite of primary issuance, shareholder management and capital raising solutions to support global private placements exemptions
• The company was recently selected to join Google for Startups Accelerator program
• CIBC Innovation Banking is the technology lending arm of Canadian bank CIBC

CIBC Innovation Banking has provided an upsized growth capital financing for DealMaker, a Toronto-based capital-raising technology platform. No financial terms were disclosed.

DealMaker was founded in 2018 by Rebecca Kacaba and Matt Goldstein to modernize the shareholder issuance space. It has a suite of primary issuance, shareholder management and capital raising solutions, including investor ranking algorithms and data analytics tools, to support global private placements exemptions.

The company, which also has offices in Austin, Texas and Tampa, Florida, was recently selected to join Google for Startups Accelerator program.

“DealMaker’s comprehensive platform creates a more equitable and modern capital raising experience, focusing intently on transparency,” said Rob Rosen, a managing director in CIBC Innovation Banking’s Toronto office, in a statement. “We are thrilled to extend our team’s financial and advisory support as the company continues to scale impressively.”

CIBC Innovation Banking is the technology lending arm of Canadian bank CIBC. It provides funding to technology companies across North America, the UK, and select European countries at each stage of their business cycle, from startup to IPO and beyond.