CIBC’s Innovation Banking Supports YCharts Evolving Business

CIBC provided YCharts with flexible, dynamic financing solutions and banking support tailored to its development en route to a successful exit.

Challenge

Within a few months of raising capital led by a strategic investor, YCharts sought a new banking partner that understood the dynamic startup world and had the appetite to support its growth ambitions.

Outcome

As an early-stage software company, CIBC provided YCharts a venture term loan to extend its runway. As a growth-stage firm, CIBC amended the structure to provide more flexibility and growth capital. With this steady backstop in place, YCharts continued its consistent growth without the need for additional dilutive capital, leading to a successful exit.