CIBC Innovation Banking launches to serve North American companies

On January 8, 2018, CIBC announced that it acquired the loan assets of Wellington Financial Fund V LP ("Wellington Financial") as part of CIBC Innovation Banking, a newly launched, full-service business that delivers strategic advice and funding to North American technology and innovation clients at each stage of their business cycle, from start up to IPO and beyond.

CIBC is a leading Canadian-based global financial institution with 11 million personal banking, business, public sector and institutional clients.

Wellington Financial is a leading, privately-held provider of growth capital to early and mid-stage technology companies.

Further information can be found on Canada Newswire's website.