CIBC backs Madwire

CIBC Innovation Banking, the tech lending arm of Canadian bank CIBC, has provided US$16 million to Fort Collins, Colorado-based Madwire, a provider of software and services for small-to-medium-sized businesses. Also, CIBC provided a US$6 million loan to back Madwire's acquisition of Austin-based SpaceCraft, a cloud-based website development and management platform.

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