# CIBC Innovation Banking: portfolio, investments and team

> CIBC Innovation Banking is a vc firm. 70 investments on record, 13 in the last 12 months, latest Sept 2026. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/cibc-innovation-banking (Millionrounds; every figure on the page links to its filing or article)

[Investor](https://millionrounds.com/investors)

# CIBC Innovation Banking

Last cheque observed Sep 2026; 70 cheques on record.

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Deploying now VC firm

Venture Debt Series B Software Telecommunications

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Deploying now

**52%** of best year **13** **cheques in 12 months**, 70 on record

Since the last cheque **38** days **00** hrs **00** min **00** sec

Median round **$15M** Rounds led **0 of 70** Sole investor **1 rounds** Mostly in **Canada, 43%**

Pitch CIBC Innovation Banking

## CIBC Innovation Banking highlights

- 01 13 cheques in the last 12 months
- 02 Mostly Venture and Debt: 82% of its rounds
- 03 Sole investor in 1 rounds, median $50M

## What they do

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Not stated
- **Sectors:** Software Telecommunications
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **70 appearances**

- **2026** 11 rounds
- **Sept** **[Axya](https://millionrounds.com/company/axya)** Series A · CA · BetaKit **$12M** With 7 others
- **Jul** **[Modo Energy](https://millionrounds.com/company/modo-energy)** Debt · GB **$17M** With 5 others
- **May** **[EnsoData](https://millionrounds.com/company/ensodata)** Venture · US **Undisclosed** With 4 others
- **Apr** **[CertifID](https://millionrounds.com/company/certifid)** Series C · US · Ventureburn **$48M** With 3 others
- **Apr** **[Vortexa](https://millionrounds.com/company/vortexa)** Debt · GB **$50M** With 5 others
- **Apr** **[Vena Solutions](https://millionrounds.com/company/vena-solutions)** Venture · CA **Undisclosed** With 3 others
- **Apr** **[REG](https://millionrounds.com/company/reg)** Venture · GB **Undisclosed** With 1 other
- **Mar** **[Gradient AI](https://millionrounds.com/company/gradient-ai)** Venture · US **Undisclosed** With 3 others
- **Jan** **[Klir](https://millionrounds.com/company/klir)** Debt · US **$7.5M** With 5 others
- **Jan** **[Recare](https://millionrounds.com/company/recare)** Venture · DE **$36M** With 1 other
- **Jan** **[Science&Humans](https://millionrounds.com/company/science-and-humans)** Series A · CA **$5.0M** With 2 others
- **2025** 23 rounds
- **Dec** **[BinSentry](https://millionrounds.com/company/binsentry)** Debt · CA **$25M** With 3 others
- **Nov** **[DealMaker](https://millionrounds.com/company/dealmaker)** Growth · US **$20M** With 1 other
- **Oct** **[Formalize](https://millionrounds.com/company/formalize)** Series B · DK · Silicon Canals **$35M** With 5 others
- **Oct** **[My FLiiP](https://millionrounds.com/company/my-fliip)** Debt · CA **$1.5M** With 4 others
- **Aug** **[MedMe Health](https://millionrounds.com/company/medme-health)** Venture · CA **Undisclosed** With 4 others
- **Aug** **[Bench IQ](https://millionrounds.com/company/bench-iq)** Seed · CA **$5.3M** With 5 others
- **Aug** **[Smart Pension](https://millionrounds.com/company/smart-pension)** Debt · GB **$81M** With 3 others
- **Jul** **[d1g1t](https://millionrounds.com/company/d1g1t)** Venture · CA **Undisclosed** With 5 others
- **Jul** **[showd.me](https://millionrounds.com/company/showd-me)** Venture · US **$1.0M** With 1 other
- **Jul** **[Cyber](https://millionrounds.com/company/cyber)** Venture · US **$20M** With 2 others
- **Jun** **[ZestyAI](https://millionrounds.com/company/zestyai)** Debt · US · TechStartups **$15M** With 2 others
- **Jun** **[Work Truck Solutions](https://millionrounds.com/company/work-truck-solutions)** Venture · US **Undisclosed** With 4 others
- **Jun** **[Wint](https://millionrounds.com/company/wint)** Venture · SE **Undisclosed** With 2 others
- **May** **[Redica Systems](https://millionrounds.com/company/redica-systems)** Venture · US **$5.0M** With 1 other
- **May** **[Circula](https://millionrounds.com/company/circula)** Series A · DE **$17M** With 3 others
- **May** **[ContactMonkey](https://millionrounds.com/company/contactmonkey)** Venture · CA **Undisclosed** With 1 other
- **Apr** **[Traction Complete](https://millionrounds.com/company/traction-complete)** Venture · CA **Undisclosed** With 1 other
- **Apr** **[Sedna](https://millionrounds.com/company/sedna)** Debt · GB **$10M** With 3 others
- **Apr** **[HiringBranch](https://millionrounds.com/company/hiringbranch)** Venture · CA **$2.5M** With 4 others
- **Mar** **[Phoenix Health](https://millionrounds.com/company/phoenix-health)** Series A · CA **$35M** With 4 others
- **Mar** **[Nanoprecise Sci Corp](https://millionrounds.com/company/nanoprecise-sci-corp)** Series C · CA **$38M** With 4 others
- **Feb** **[ZeroNorth](https://millionrounds.com/company/zeronorth)** Debt · DK **$20M** With 2 others
- **Jan** **[CourseKey](https://millionrounds.com/company/coursekey)** Venture · US **Undisclosed** With 5 others
- **2024** 14 rounds
- **Nov** **[Practice Better](https://millionrounds.com/company/practice-better)** Debt · CA **$13M** With 3 others
- **Oct** **[Vortexa](https://millionrounds.com/company/vortexa)** Debt · GB **$25M** With 4 others
- **Oct** **[LumiQ](https://millionrounds.com/company/lumiq)** CA · Vertu Capital **Undisclosed** With 2 others
- **Sept** **[Spare](https://millionrounds.com/company/spare)** Series B · CA **$31M** With 5 others
- **Sept** **[Threater](https://millionrounds.com/company/threater)** Venture · US **Undisclosed** With 5 others
- **Aug** **[Wisedocs](https://millionrounds.com/company/wisedocs)** Debt · CA **$3.2M** With 4 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The cheque

Venture Debt Series B

Median round joined **$15M** the round, not its cheque Alone, median **$50M**

Led 0 of 70 rounds **0%**

- **Sole investor:** 1 rounds
- **Last cheque:** Sept 2026

Rounds by stage said on their site

- Venture *27*
- Debt *22*
- Series B *4*
- Series A *4*
- Series C *3*

Cheques by month Led Joined

Dec 2023 Nov 2026

Often in the room with

- [CIBC](https://millionrounds.com/fund/cibc) 68
- [BDC Capital](https://millionrounds.com/fund/bdc-venture-capital) 7
- [Inovia Capital](https://millionrounds.com/fund/inovia-capital) 4
- [Y Combinator](https://millionrounds.com/fund/y-combinator) 4
- [Export Development Canada](https://millionrounds.com/fund/export-development-canada) 3
- [FJ Labs](https://millionrounds.com/fund/fj-labs) 3

**Pitching CIBC Innovation Banking?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

The investors most often in the same rounds as CIBC Innovation Banking. A count of rooms they were both in, not a relationship either has claimed.

[**CIBC** VC firm **68** rounds together](https://millionrounds.com/fund/cibc)[**BDC Capital** VC firm **7** rounds together](https://millionrounds.com/fund/bdc-venture-capital)[**Inovia Capital** VC firm **4** rounds together](https://millionrounds.com/fund/inovia-capital)[**Y Combinator** Accelerator **4** rounds together](https://millionrounds.com/fund/y-combinator)[**Export Development Canada** Government **3** rounds together](https://millionrounds.com/fund/export-development-canada)[**FJ Labs** VC firm **3** rounds together](https://millionrounds.com/fund/fj-labs)[**Real Ventures** Family office **3** rounds together](https://millionrounds.com/fund/real-ventures-2)[**Arthur Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/arthur-ventures)[**Creative Destruction Lab** Accelerator **2** rounds together](https://millionrounds.com/fund/creative-destruction-lab)[**Cultivation Capital** VC firm **2** rounds together](https://millionrounds.com/fund/cultivation-capital)[**Five Elms Capital** VC firm **2** rounds together](https://millionrounds.com/fund/five-elms-capital)[**GreenSky Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/greensky-ventures)

## Recently backed

The latest companies CIBC Innovation Banking put money into.

[**Modo Energy** $17M · Jul 2026](https://millionrounds.com/company/modo-energy)[**EnsoData** May 2026](https://millionrounds.com/company/ensodata)[**CertifID** $48M · Apr 2026](https://millionrounds.com/company/certifid)[**Vena Solutions** Apr 2026](https://millionrounds.com/company/vena-solutions)[**REG** Apr 2026](https://millionrounds.com/company/reg)[**Gradient AI** Mar 2026](https://millionrounds.com/company/gradient-ai)

## Mentioned on podcasts

Episodes that name CIBC Innovation Banking in their description, not their title.

- [The BetaKit Podcast](https://millionrounds.com/podcasts/betakit) 24 Jul 2022 · 51 min Mark McQueen thinks it's a great time to have a chequebook With [Mark McQueen](https://millionrounds.com/person/mark-mcqueen) Mentions [CIBC](https://millionrounds.com/fund/cibc)[CIBC Innovation Banking](https://millionrounds.com/fund/cibc-innovation-banking) Apple PodcastsShow page

## Quick answers about CIBC Innovation Banking

### What does CIBC Innovation Banking invest in?

CIBC Innovation Banking invests most often at Venture and Debt (82% of the rounds on record), in sectors such as Software and Telecommunications.

### How active is CIBC Innovation Banking?

70 investments on record, 13 of them in the last 12 months. The most recent was in Sept 2026.

### What has CIBC Innovation Banking invested in recently?

Its most recent investments on record: Axya (Series A, Sept 2026), Modo Energy (Debt, Jul 2026) and EnsoData (Venture, May 2026).

### How big are CIBC Innovation Banking's cheques?

The median round it joins is $15M.

### Does CIBC Innovation Banking lead rounds?

Rarely, if at all: none of its 70 investments on record names it as the lead.

### Where does CIBC Innovation Banking invest?

Most of the companies it backs are in Canada (43%), the United States (30%) and the United Kingdom (15%).

### Is CIBC Innovation Banking investing now?

Yes: it is actively investing, with 13 investments in the last 12 months.

### Who does CIBC Innovation Banking invest alongside?

Most often CIBC (68 rounds together), BDC Capital (7 rounds together) and Inovia Capital (4 rounds together).

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