News

CIBC’s tech-lending arm ramps up cross-border strategy with new hires, deals

CIBC Innovation Banking, the tech-lending arm of CIBC, is pursuing a bold North American scaling strategy, boosting in-house resources and accelerating its deal pace. The activity includes a batch of senior hires. Since launching earlier this year, the group has recruited no fewer than six managing directors, most of them from rivals in the debt space. Mark McQueen, president and executive managing director, says the hires bring fresh talent to CIBC’s tech-lending arm, and extend its reach into Canadian and U.S. tech hubs.

CIBC’s tech-lending arm ramps up cross-border strategy with new hires, deals

SEC takes first action against cryptocurrency-sector firms for failure to register

Health Velocity Capital raises $99 mln toward maiden venture-capital fund

Health Velocity Capital has raised $99 million toward a $150 million maiden venture-capital fund, according to a filing with the SEC.

Lightbox raises $178 mln for third venture fund

Lightbox Ventures has raised $178.1 million of a targeted $200 million for a third venture fund, according to a regulatory filing.

Fund Performance: UTIMCO venture portfolio, vintages 2012 to 2014

MissionOG gathers $60.9 mln for sophomore fund

Philadelphia-based MissionOG, an early-to-growth stage venture firm, has raised $60.9 million for its second fund, according to an SEC filing. The target is $100 million.

Rise of the rest is 'greatest arbitrage' of a lifetime, says Steve Case

Aramco considering $1 bln tech venture fund: WSJ

Aramco, Saudi Arabia's national oil company, is considering a $1 billion venture fund that will invest in international technology firms, according to the Wall Street Journal. The news outlet also reported that Aramco is contemplating opening an office in Silicon Valley or "elsewhere in the U.S. to generate deals."

Chinese entrepreneurs ahead in AI implementation, says investor Kai-Fu Lee