CIBC
About
Canadian Imperial Bank of Commerce is a Canadian financial institution that provides its clients with banking services.
- Toronto,Ontario,Canada
- https://www.cibc.com
Details
- Last Funding Type
- Post-IPO Debt
- Last Funding Money Raised
- $800M
- Industries
- Banking,Credit Cards,Financial Services
- Founded date
- Jan 1, 1867
- Operating Status
- Active
- Stock Symbol
- nyse:CM
- Legal Name
- CIBC
- Also Known As
- Canadian Imperial Bank of Commerce
- Investor Type
- Investment Bank,Venture Debt
CIBC has been providing banking services to Canadians since 1867. With over 1,000 branches, more than 4,000 bank machines, banking by phone, internet and mobile devices, we have you covered.
Funding Rounds
| Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
|---|---|---|---|---|---|---|
| Jun 8, 2022 | Post-IPO Debt | $800M | — | — | — | Detail |
| Nov 21, 1997 | IPO | — | — | — | — | Detail |
Investments
|
Date
Company Name
|
Round | Money Raised | Industry | Lead Investor |
|---|---|---|---|---|
|
Dec 21, 2022
Taiga Building Products
|
Post-IPO Debt | $250M | Building Material | — |
|
Aug 30, 2022
Arevon
|
Debt Financing | $400M | Asset Management | Yes |
|
Jul 28, 2022
Converge Technology Partners
|
Post-IPO Debt | $600M | Information Technology | Yes |
|
Jun 15, 2022
Power Corporation of Canada
|
Post-IPO Equity | $210M | Energy | — |
|
Jan 11, 2022
MSP Corp
|
Series Unknown | $35M | Cloud Computing | — |
Employee Profiles
Exits
CIBC has had 23 exits. CIBC most notable exits include MindMed , Expensify
| Date | Company Name | Exit Type | Industry | |
|---|---|---|---|---|
| Jul 8, 2022 | MindMed | IPO | Biotechnology | Detail |
| Nov 10, 2021 | Expensify | IPO | Accounting | Detail |
| Sep 22, 2021 | HomeEquity Bank | M&A | Banking | Detail |
| Sep 16, 2021 | Archaea Energy | M&A | Energy | Detail |
| Apr 13, 2021 | Dext | M&A | Accounting | Detail |
Acquisition
CIBC has acquired 3 organizations. Their most recent acquisition was PrivateBancorp on Jun 23, 2017. They acquired PrivateBancorp for $5B.
|
Date
Company Name
|
Industry | Acquisition Type | Price | |
|---|---|---|---|---|
|
Jun 23, 2017
PrivateBancorp
|
Banking | acquisition | $ 5B | Detail |
|
Jan 8, 2018
Wellington Financial
|
Finance | lbo | — | Detail |
|
Sep 9, 2019
Cleary Gull Inc.
|
Financial Services | acquisition | — | Detail |
