CIBC Innovation Banking Provides Growth Capital to Skedda

BOSTON, March 14, 2024--(BUSINESS WIRE)--CIBC Innovation Banking announced today that it 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 funding 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, VP of Finance, Skedda.

"We’re thrilled to be working with Skedda as it solves a new pain point that emerged from the post-pandemic 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 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 Skedda

Skedda is a leading global space management and scheduling platform, serving over 7,000 customers and nearly two million users, including Siemens, Mercedes-Benz, and Harvard University. The company is a key player in helping to define the future of the workplace experience, helping businesses design meaningful, seamless, fully-integrated employee experiences and interactions in the hybrid workplace. Today, the product serves customers with interactive floorplans, space booking, visitor management, rich utilization analytics, as well as integrations with Microsoft365 and Google Workspace. Each year Skedda wins awards from G2, Capterra, and SoftwareAdvice.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240314252371/en/

Contacts

Beth McKay, beth.mckay@cibc.com, 416-552-1391