CIBC Innovation Banking Provides $1.5 Million in Growth Capital to Vessel

MONTREAL--(BUSINESS WIRE)--CIBC Innovation Banking announced today that it has provided a $1.5 million debt facility in growth capital to Vessel Funds Inc. (Vessel), a leading platform that simplifies investor relations, fund reporting and compliance tasks. The financing will support Vessel’s continued global expansion and product innovation.

Vessel’s platform enables fund managers and limited partners with real-time insights, streamlined workflows, and enhanced transparency, helping drive operational efficiency and improved decision-making across the investment lifecycle.

“We are excited to support Vessel as it continues to innovate in the fund management space,” said Eric Laflamme, Managing Director, CIBC Innovation Banking. “Vessel’s technology is transforming how private market funds and their LPs operate, and we look forward to supporting its continued growth.”

“This relationship with CIBC Innovation Banking is a significant milestone for Vessel,” said Thomas Terrats, CEO and Co-Founder, Vessel. “The growth capital will enable us to accelerate our product development and expand our reach, serving more funds globally while helping more General Partners and Limited Partners unlock greater value from their investments.”

Vessel is supported by leading investors and tech-forward venture capital firms including Inovia, Afore Capital, BY Venture Partners, FJ Labs and Golden Ventures.

About CIBC Innovation Banking

CIBC Innovation Banking has 25 years of specialized experience in growth-stage tech and life science companies across North America – a longer track record than most banks. CIBC Innovation Banking now has over $11 billion in funds managed including life sciences, health care, cleantech companies, investors, and entrepreneurs, and has assisted over 700 venture and private equity-backed businesses over the past six and a half years. The bank operates out of 14 global locations in San Francisco, Menlo Park, New York, Toronto, London, Austin, Boston, Chicago, Seattle, Vancouver, Montreal, Atlanta, Reston, and Durham. Connect with us today to start the conversation. www.innovationbanking.cibc.com

About Vessel

Vessel is a leading platform designed for funds and their limited partners, providing advanced tools to manage, track, and optimize fund operations. By leveraging real-time data and automation, Vessel enables fund managers and limited partners to make smarter decisions, increase transparency, and improve operational efficiency. For more information, visit https://vessel.co