Ms. Brittany Blanco reports

CIBC INNOVATION BANKING PROVIDES GROWTH CAPITAL TO SKEDDA

Canadian Imperial Bank of Commerce's CIBC Innovation Banking has provided growth financing to Skedda, a leading global space management and scheduling platform focused on serving employees in today's hybrid work environment. This financing will drive product innovation and further fuel Skedda's global expansion.

Skedda's product serves customers across multiple verticals, including workplaces and universities, with functionality including interactive floorplans, space booking, visitor management, rich usage analytics and more.

"We're excited to work with CIBC's Innovation Banking team to accelerate Skedda's product innovation and fuel our non-stop effort to provide our customers with a world-class workplace management platform that enables them to solve their hybrid work challenges," said Michael Records, vice-president of finance, Skedda.

"We're thrilled to be working with Skedda as it solves a new pain point that emerged from the postpandemic hybrid work environment," said Brittany Blanco, director, CIBC Innovation Banking. "The platform is well positioned to help clients manage the future of working teams efficiently."

About Canadian Imperial Bank of Commerce

CIBC Innovation Banking delivers strategic advice, cash management and funding to innovation companies across North America, the United Kingdom and select European countries at each stage of their business cycle, from start up to IPO (initial public offering) and beyond.