Huntress snags $40m debt financing from CIBC Innovation Banking

• The company’s existing investors include JMI Equity, Forgepoint Capital and Gula Tech Adventures
• Huntress recently acquired Curricula, a security awareness training platform
• Kyle Hanslovan serves as CEO of Huntress

CIBC Innovation Banking, the technology lending arm of Canadian bank CIBC, has provided $40 million of debt financing to Ellicott City, Maryland-based Huntress, a managed cybersecurity platform for small and mid-sized businesses.

Huntress plans to use the financing for M&A opportunities, research, product development, and expansion into international markets across Canada, the UK, Europe, Australia and New Zealand.

“Huntress is growing faster than ever,” said Kyle Hanslovan, CEO of Huntress, in a statement. “In a market surrounded by increasingly expensive capital, CIBC Innovation Banking’s team understood our needs as a high-growth startup. With their help, we’ve already made a strategic acquisition, launched new managed security products and more. We’re thrilled that CIBC Innovation Banking supports our vision for the future—this investment will help us continue innovating as we further our mission to protect small and midsized businesses.”

Huntress recently acquired Curricula, a security awareness training platform.

The company’s existing investors include JMI Equity, Forgepoint Capital and Gula Tech Adventures.

CIBC Innovation Banking delivers strategic advice, cash management and funding to companies across North America, the UK, and select European countries at each stage of their business cycle, from start up to IPO and beyond.