CIBC Innovation Banking Fuels ContactMonkey's Global Expansion and Product Development

CIBC Innovation Banking Offers Growth Capital Financing to ContactMonkey TORONTO—CIBC Innovation Banking recently announced a growth capital financing agreement with ContactMonkey, a portfolio company of Updata Partners. This financial injection will empower ContactMonkey to expand its global footprint and enhance its product offerings for both new and existing customers. ContactMonkey is an internal email platform utilized by over 10,000 communicators globally. The platform seamlessly integrates with popular applications like Microsoft Outlook, Microsoft Teams, and leading human resource information systems (HRIS), facilitating effective employee engagement across organizations. David Dean, Chief Financial Officer at ContactMonkey, expressed enthusiasm about the partnership: "We are thrilled to collaborate with CIBC Innovation Banking to drive our next phase of growth. This financing agreement offers us increased flexibility and opportunities as we strive to help more organizations achieve engaging and impactful internal communications." Ab Makalo, Director of CIBC Innovation Banking, echoed this sentiment: "We are excited to support ContactMonkey as it continues to grow and lead in the internal communications sector. Our team is committed to assisting ContactMonkey as it scales and expands its comprehensive product suite globally." CIBC Innovation Banking boasts over 25 years of expertise in funding growth-stage tech and life science companies across North America, surpassing the track record of many other banks. The bank manages more than $11 billion in assets, spanning sectors such as life sciences, healthcare, and cleantech. In the past six and a half years alone, CIBC Innovation Banking has supported over 700 venture and private equity-backed businesses. With a presence in 14 global locations—including San Francisco, Menlo Park, New York, Toronto, London, Austin, Boston, Chicago, Seattle, Vancouver, Montreal, Atlanta, Reston, and Durham—CIBC Innovation Banking is well-positioned to serve a wide array of clients. ContactMonkey stands out as a trusted platform for internal communicators, enabling organizations to reach employees across various roles and locations with crucial announcements, life-saving alerts, and important updates. Powered by data-driven insights, ContactMonkey helps companies refine their communication strategies to maximize engagement and productivity. To learn more about how ContactMonkey can transform your workforce’s communication and engagement, visit contactmonkey.com. For additional details on CIBC Innovation Banking’s offerings and global impact, visit innovationbanking.cibc.com.