CIBC Innovation Banking announced that it has provided growth financing to Swoogo, a leading provider of event management software for in-person, digital, and hybrid events. Swoogo will use the funding to solidify its position and offering in enterprise event management, helping organizers run events at scale.
Launched in 2015 by event professionals, for event professionals, Swoogo simplifies and streamlines the complexities of event management. And the platform encompasses event organization, from registration and session scheduling, to event website generation, post-event data reports and communication. Swoogo enables event marketers to build a website specified to fit their event needs, with embedded registration, marketing, and speaker resources.
KEY QUOTES:
“The team at CIBC Innovation Banking understands our business needs. This round of financing will unlock opportunities that we could not have pursued otherwise. We look forward to working with CIBC for years to come.”
- Anthony Vega, SVP Finance, Swoogo
“Swoogo has achieved rapid, profitable growth and this raise is the culmination of the company’s stellar performance. CIBC is a great partner and we’re excited to work with them in support of Swoogo’s acceleration.”
- David Healey of Bain Capital; Swoogo’s lead investor since 2021
“We are excited to partner with Swoogo as they enter their next phase of growth. Swoogo is well positioned to bridge the gap between in person and remote events.”
- Andrew Phillips, Managing Director in CIBC Innovation Banking’s Boston office
