CIBC Innovation Banking Provides Growth Capital Financing to Swoogo
06 März 2024 - 3:00PM
Business Wire
CIBC Innovation Banking announced today 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 their position and offering for enterprise
event management, helping organizers run events at scale.
Founded in 2015 by event professionals, for event professionals,
Swoogo simplifies and streamlines the complexities of event
management. The platform encompasses event organization, from
registration and session scheduling, to event website generation,
post-event data reports and communication. Swoogo also enables
event marketers to build a website specified to fit their event
needs, with embedded registration, marketing, and speaker
resources.
"The team at CIBC Innovation Banking understands our business
needs,” said Anthony Vega, SVP Finance, Swoogo. “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."
David Healey of Bain Capital, Swoogo’s lead investor since 2021,
said, “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.”
“We are excited to partner with Swoogo as they enter their next
phase of growth,” said Andrew Phillips, Managing Director in CIBC
Innovation Banking’s Boston office. “Swoogo is well positioned to
bridge the gap between in person and remote events.”
About CIBC Innovation Banking CIBC Innovation Banking
delivers strategic advice, cash management and funding to
innovation companies across North America, the UK, and select
European countries at each stage of their business cycle, from
start up to IPO and beyond. With offices in Atlanta, Austin,
Boston, Chicago, Denver, Durham, London, Menlo Park, Montreal, New
York, Reston, Seattle, Toronto and Vancouver, the team has
extensive experience and a strong, collaborative approach that
extends across CIBC’s commercial banking, private banking, wealth
management and capital markets businesses.
About Swoogo Swoogo’s leading event management platform
empowers anyone to bring people together by equipping event
organizers with the tools to bring visionary events to life. Swoogo
enables event teams to customize event sites, registration flows,
attendee agendas, speaker portals, and email communications,
delivering fully bespoke and on-brand events that supercharge
authenticity and maximize impact. With Swoogo’s partner ecosystem
and open API, event organizers can have it all, bringing together
best-of-breed partners for unparalleled event experiences. Brought
to market in 2015, Swoogo is steadfast in its commitment to
enterprise-grade solutions, transparent pricing, and exemplary
customer support. Learn more at swoogo.events.
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version on businesswire.com: https://www.businesswire.com/news/home/20240306002690/en/
Beth McKay, Beth.McKay@cibc.com. 416-552-1391
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