CIBC Innovation Banking Provides ContactMonkey with Growth Capital Financing
TORONTO — CIBC Innovation Banking announced today that it has provided growth capital financing to ContactMonkey, a portfolio company of Updata Partners. The company will use the financing to continue growing its reach globally and expand product offerings to new and existing customers around the world.
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ContactMonkey is an internal email platform used by over 10,000 communicators worldwide. The platform integrates with commonly used applications such as Microsoft Outlook, Microsoft Teams and major human resource information software (HRIS) platforms, helping users engage employees across their organization.
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'We are excited to partner with the CIBC Innovation Banking team to support our next phase of growth,' said David Dean, CFO at ContactMonkey. 'This agreement provides us added flexibility and opportunity as we continue to enable more organizations to deliver engaging and effective communications worldwide.'
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'We are excited to support the ContactMonkey team as it continues its growth and leadership within the internal communications space,' said Ab Makalo, Director, CIBC Innovation Banking. 'Our team looks forward to helping ContactMonkey scale as it expands its robust offering globally.'
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CIBC Innovation Banking has 25 years of specialized experience in growth-stage tech and life science companies across North America – a longer track record than most banks. CIBC Innovation Banking now has over $11 billion in funds managed including life sciences, health care, cleantech companies, investors, and entrepreneurs, and has assisted over 700 venture and private equity-backed businesses over the past six and a half years. The bank operates out of 14 global locations in San Francisco, Menlo Park, New York, Toronto, London, Austin, Boston, Chicago, Seattle, Vancouver, Montreal, Atlanta, Reston, and Durham. Connect with us today to start the conversation. https://www.innovationbanking.cibc.com/
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ContactMonkey is the internal email platform trusted by over 10,000 internal communicators worldwide. Reach employees at every corner of your organization, ensuring that essential company announcements, life-saving alerts, and critical updates are delivered promptly. With data-driven insights, understand what truly resonates with your employees, and refine your communication strategies for optimal engagement.
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