CIBC Innovation Banking announced that it has provided growth capital financing to ContactMonkey, a portfolio company of Updata Partners. ContactMonkey is an internal email platform used by 10,000+ communicators worldwide. And the platform integrates with commonly used applications such as Microsoft Outlook, Microsoft Teams, and major human resource information software (HRIS) platforms, helping users engage employees across their organization.
What the funding will be used for: The company will use the funding to continue growing its global reach and expanding product offerings.
KEY QUOTES:
“We are excited to partner with the CIBC Innovation Banking team to support our next phase of growth. This agreement provides us added flexibility and opportunity as we continue to enable more organizations to deliver engaging and effective communications worldwide.”
David Dean, CFO at ContactMonkey
“We are excited to support the ContactMonkey team as it continues its growth and leadership within the internal communications space. Our team looks forward to helping ContactMonkey scale as it expands its robust offering globally.”
Ab Makalo, Director, CIBC Innovation Banking
