# CIBC: portfolio, investments and team

> CIBC is a vc firm based in Canada. 116 investments on record, 30 in the last 12 months, latest Sept 2026. Portfolio, stages, co-investors and team.

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

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

# CIBC

Last cheque observed Sep 2026; 116 cheques on record.

Deploying now VC firm Website unconfirmed

Debt Venture Series B Enterprise Software Health Care Banking

Deploying now

**61%** of best year **30** **cheques in 12 months**, 116 on record

Since the last cheque **32** days **00** hrs **00** min **00** sec

Median round **$26M** Rounds led **0 of 116** Sole investor **9 rounds** Mostly in **Canada, 46%**

Pitch CIBC

## CIBC highlights

- 01 30 cheques in the last 12 months
- 02 Mostly Debt and Venture: 87% of its rounds
- 03 Sole investor in 9 rounds, median $13M

## What they do

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Not stated
- **Sectors:** Enterprise Software Health Care Banking
- **Based in:** Toronto, Canada
- **Cold pitches:** Not stated

A website was listed for this organisation, but we could not confirm it belongs to the firm that wrote these cheques. Either the site never mentions them, or it turned out to be a different company sharing the name. We show neither it nor anything read from it. [Tell us the right one](https://millionrounds.com/corrections?slug=cibc).

## The record

Every round we can evidence, newest first **116 appearances**

- **2026** 22 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
- **Jun** **[Definium Therapeutics](https://millionrounds.com/company/definium-therapeutics)** US **$805M** With 1 other
- **May** **[EnsoData](https://millionrounds.com/company/ensodata)** Venture · US **Undisclosed** With 4 others
- **May** **[Mustgrow Biologics](https://millionrounds.com/company/mustgrow-biologics)** CA **$2.7M** Sole investor
- **May** **[Triple Flag Precious Metals](https://millionrounds.com/company/triple-flag-precious-metals)** Debt · CA **$300M** 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** **[Pulse Clean Energy](https://millionrounds.com/company/pulse-clean-energy)** Debt · GB **$71M** With 3 others
- **Apr** **[REG](https://millionrounds.com/company/reg)** Venture · GB **Undisclosed** With 1 other
- **Mar** **[Arevon](https://millionrounds.com/company/arevon)** Debt · US **$482M** With 3 others
- **Mar** **[Gradient AI](https://millionrounds.com/company/gradient-ai)** Venture · US **Undisclosed** With 3 others
- **Feb** **[Cannara Biotech](https://millionrounds.com/company/cannara-biotech)** CA **$4.6M** With 2 others
- **Feb** **[Lydian Energy](https://millionrounds.com/company/lydian-energy)** Debt · US **$689M** Sole investor
- **Feb** **[Logan Energy](https://millionrounds.com/company/logan-energy)** GB **$47M** With 2 others
- **Jan** **[Mustgrow Biologics](https://millionrounds.com/company/mustgrow-biologics)** CA **$1.4M** Sole investor
- **Jan** **[Low Carbon](https://millionrounds.com/company/low-carbon)** Debt · GB **$683M** With 4 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** **[SB Energy](https://millionrounds.com/company/sb-energy)** Venture · US **$1.0B** With 4 others
- **Jan** **[Science&Humans](https://millionrounds.com/company/science-and-humans)** Series A · CA **$5.0M** With 2 others
- **2025** 41 rounds
- **Dec** **[BinSentry](https://millionrounds.com/company/binsentry)** Debt · CA **$25M** With 3 others
- **Dec** **[Zenobe Energy](https://millionrounds.com/company/zenobe-energy)** Venture · GB **Undisclosed** With 2 others
- **Dec** **[Tribe Property Technologies](https://millionrounds.com/company/tribe-property-technologies)** Debt · CA **$11M** Sole investor
- **Nov** **[DealMaker](https://millionrounds.com/company/dealmaker)** Growth · US **$20M** With 1 other
- **Nov** **[PharmaCorp Rx](https://millionrounds.com/company/pharmacorp-rx)** CA **$14M** Sole investor
- **Nov** **[Akaysha Energy](https://millionrounds.com/company/akaysha-energy)** Debt · AU **$299M** With 4 others
- **Nov** **[Goodleaf Farms](https://millionrounds.com/company/goodleaf-farms)** Venture · CA **$37M** With 1 other
- **Oct** **[Formalize](https://millionrounds.com/company/formalize)** Series B · DK · Silicon Canals **$35M** With 5 others
- **Oct** **[MindMed](https://millionrounds.com/company/mindmed)** **$225M** With 1 other
- **Oct** **[My FLiiP](https://millionrounds.com/company/my-fliip)** Debt · CA **$1.5M** With 4 others
- **Oct** **[Tenaz Energy](https://millionrounds.com/company/tenaz-energy)** Debt · CA **$83M** With 1 other
- **Oct** **[G Mining Ventures Corp.](https://millionrounds.com/company/g-mining-ventures-corp)** Debt · CA **$278M** With 3 others
- **Sept** **[Fidra Energy](https://millionrounds.com/company/fidra-energy)** Debt · GB **$804M** With 4 others
- **Sept** **[Energy Transition Centre foundation](https://millionrounds.com/company/energy-transition-centre-foundation)** Venture · CA **$10M** With 2 others
- **Sept** **[Discovery Silver](https://millionrounds.com/company/discovery-silver)** Debt · CA **$250M** With 2 others
- **Aug** **[Smart Pension](https://millionrounds.com/company/smart-pension)** Debt · GB **$81M** With 3 others
- **Aug** **[Bench IQ](https://millionrounds.com/company/bench-iq)** Seed · CA **$5.3M** With 5 others
- **Aug** **[MedMe Health](https://millionrounds.com/company/medme-health)** Venture · CA **Undisclosed** 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 team

Named by the firm itself, on a filing, its Form ADV or its company registration **11 named**

DM **David Michael Scandiffio** President and Chief Executive Officer i Form ADV

ED **Edward Dodig** Director i Form ADV

E(**Elena (nmn) Tomasone** Vice President, Business and Investment Services i Form ADV

F(**Frank (nmn) Vivacqua** Director i Form ADV

MH **Michael Henry Leroux** Director i Form ADV

MJ **Mudit Jain** Director i Form ADV

RF **Robert Francis Cancelli** Director i Form ADV

SK **Saher Kazmi** Chief Compliance Officer i Form ADV

SA **Stephen Anthony Gittens** Director i Form ADV

WS **Wilhelmina Stephania Ditchfield** Chair i Form ADV

WW **Winnie Wakayama** Chief Financial Officer i Form ADV

We also hold **44** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$163B** assets it manages Oct 2026

**Registered** investment adviser full reporting to the SEC

- **Legal name:** CIBC Asset Management Inc.
- **SEC number:** CRD 106508

Funds on its Form ADV

**5** private funds, **$4.8B** in gross assets · filed Nov 2024

Liquidity **4** Hedge **1**

- CIBC Money Market Fund *Liquidity* 243,278 investors $2.7B
- Imperial Money Market POOL *Liquidity* 8,050 investors $1.3B
- CIBC Multi-Asset Absolute Return Strategy *Hedge* 17,981 investors $568M
- Renaissance US Money Market Fund *Liquidity* 1,193 investors $128M
- Renaissance Money Market Fund *Liquidity* 4,440 investors $115M

Funds they back

## 3 fund commitments on record

- **Managers:** 3

Every fund on record that it has committed money to, and the managers who invest it. Source: fund news.

Managers it backs most

- [Inovia Capital 1 fund](https://millionrounds.com/fund/inovia-capital)
- [Intrepid Growth Partners 1 fund](https://millionrounds.com/fund/intrepid-growth-partners)
- [Vertu Capital 1 fund](https://millionrounds.com/fund/vertu-capital)

Most recent commitments

- [Inovia Capital Inovia Capital Fund VI](https://millionrounds.com/fund/inovia-capital)
- [Intrepid Growth Partners inaugural fund](https://millionrounds.com/fund/intrepid-growth-partners)
- [Vertu Capital Vertu Partners Fund I](https://millionrounds.com/fund/vertu-capital)

## What they claim to have backed

From their own portfolio page (on their website)

**0** of 4 we have independently watched raise

CIBC Rewards Opens Canada Deposit Insurance Capital Markets Top GIC questions

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

## The cheque

Debt Venture Series B

Median round joined **$26M** the round, not its cheque Alone, median **$13M**

Led 0 of 116 rounds **0%**

- **Sole investor:** 9 rounds
- **Last cheque:** Sept 2026

Rounds by stage said on their site

- Debt *44*
- Venture *36*
- Series B *4*
- Series C *4*
- Series A *4*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [CIBC Innovation Banking](https://millionrounds.com/fund/cibc-innovation-banking) 68
- [BDC Capital](https://millionrounds.com/fund/bdc-venture-capital) 9
- [Bank of Montreal (BMO)](https://millionrounds.com/fund/bmo-financial-group) 7
- [Export Development Canada](https://millionrounds.com/fund/export-development-canada) 7
- [National Bank of Canada](https://millionrounds.com/fund/national-bank-of-canada) 5
- [Royal Bank of Canada](https://millionrounds.com/fund/royal-bank-of-canada) 5

**Pitching CIBC?** 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. A count of rooms they were both in, not a relationship either has claimed.

[**CIBC Innovation Banking** VC firm **68** rounds together](https://millionrounds.com/fund/cibc-innovation-banking)[**BDC Capital** VC firm **9** rounds together](https://millionrounds.com/fund/bdc-venture-capital)[**Bank of Montreal (BMO)** Corporate VC **7** rounds together](https://millionrounds.com/fund/bmo-financial-group)[**Export Development Canada** Government **7** rounds together](https://millionrounds.com/fund/export-development-canada)[**National Bank of Canada** Private equity **5** rounds together](https://millionrounds.com/fund/national-bank-of-canada)[**Royal Bank of Canada** Growth equity **5** rounds together](https://millionrounds.com/fund/royal-bank-of-canada)[**ABN AMRO Fund** Corporate VC **4** rounds together](https://millionrounds.com/fund/abn-amro-clearing)[**Inovia Capital** VC firm **4** rounds together](https://millionrounds.com/fund/inovia-capital)[**JMI Equity** Private equity **4** rounds together](https://millionrounds.com/fund/jmi-equity)[**JP Morgan** Investment bank **4** rounds together](https://millionrounds.com/fund/jpmorgan)[**Santander** VC firm **4** rounds together](https://millionrounds.com/fund/santander)[**Societe Generale** Corporate VC **4** rounds together](https://millionrounds.com/fund/societe-generale-2)

## Recently backed

The latest companies CIBC put money into.

[**Modo Energy** $17M · Jul 2026](https://millionrounds.com/company/modo-energy)[**Definium Therapeutics** $805M · Jun 2026](https://millionrounds.com/company/definium-therapeutics)[**EnsoData** May 2026](https://millionrounds.com/company/ensodata)[**Mustgrow Biologics** $2.7M · May 2026](https://millionrounds.com/company/mustgrow-biologics)[**CertifID** $48M · Apr 2026](https://millionrounds.com/company/certifid)[**Vena Solutions** Apr 2026](https://millionrounds.com/company/vena-solutions)

## Mentioned on podcasts

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

- [Growth Investor](https://millionrounds.com/podcasts/growth-investor) 8 Oct 2025 · 29 min Top Software Investors: PSG’s Marco Ferrari and Tom Reardon With [Marco Ferrari](https://millionrounds.com/person/marco-ferrari) Mentions [BV Investment Partners](https://millionrounds.com/fund/bv-investment-partners)[CIBC](https://millionrounds.com/fund/cibc)[CIBC Capital Partners](https://millionrounds.com/fund/cibc-capital-partners) *+1* Apple PodcastsShow page
- [Fintech Insider](https://millionrounds.com/podcasts/fintech-insider) 20 Feb 2023 · 1h 1m 708. News: Is Buy Now Pay Later regulation finally happening? Mentions [CIBC](https://millionrounds.com/fund/cibc) Apple PodcastsShow page
- [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

### What does CIBC invest in?

CIBC invests most often at Debt and Venture (87% of the rounds on record), in sectors such as Enterprise Software, Health Care and Banking.

### How active is CIBC?

116 investments on record, 30 of them in the last 12 months. The most recent was in Sept 2026.

### What has CIBC invested in recently?

Its most recent investments on record: Axya (Series A, Sept 2026), Modo Energy (Debt, Jul 2026) and Definium Therapeutics (Undisclosed round, Jun 2026).

### How big are CIBC's cheques?

The median round it joins is $26M.

### Does CIBC lead rounds?

Rarely, if at all: none of its 116 investments on record names it as the lead.

### Where does CIBC invest?

Most of the companies it backs are in Canada (46%), the United Kingdom (23%) and the United States (23%).

### Is CIBC investing now?

Yes: it is actively investing, with 30 investments in the last 12 months.

### Who does CIBC invest alongside?

Most often CIBC Innovation Banking (68 rounds together), BDC Capital (9 rounds together) and Bank of Montreal (BMO) (7 rounds together).

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Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=cibc) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=cibc)