CIBC Innovation Banking puts $5 mln to work in Geoforce
CIBC Innovation Banking, the technology lending arm of CIBC, has provided US$5 million in working capital financing to Geoforce, a Dallas, Texas-based provider of field-asset tracking solutions. Founded in 2007, Geoforce uses hardware and software solutions to help companies in the energy, transportation and services sectors track large assets around the globe. It will use the funds raised to accelerate product delivery and execute on client growth strategies. Geoforce has been backed since 2013 by Houston Ventures, a U.S. energy technology growth equity firm.
3 April 2019•3 mins read
