Key Takeaways
- • CIBC Innovation Banking provided a $1.5 million debt facility in growth capital to Vessel Funds Inc. (Vessel), a fund reporting and investor relations platform, according to a Business Wire release dated October 15, 2025.
- • The financing is intended to support Vessel's global expansion and product innovation, with proceeds earmarked to accelerate product development and widen its reach to more funds.
- • Vessel is backed by Inovia, Afore Capital, BY Venture Partners, FJ Labs and Golden Ventures, per the release.
- • CIBC Innovation Banking reports over $11 billion in funds managed and has assisted more than 700 venture and private equity-backed businesses over the past six and a half years.
Summary
CIBC Innovation Banking announced that it has provided a $1.5 million debt facility in growth capital to Vessel Funds Inc. (Vessel), a platform that simplifies investor relations, fund reporting and compliance tasks for private market funds, according to the company's Business Wire announcement from Montreal.
According to the release, the financing will support Vessel's continued global expansion and product innovation. Vessel's platform gives fund managers and limited partners real-time insights, streamlined workflows and enhanced transparency, which the company says improves operational efficiency and decision-making across the investment lifecycle.
Eric Laflamme, Managing Director at CIBC Innovation Banking, said the bank was excited to support Vessel as it innovates in fund management, adding that the company's technology is transforming how private market funds and their LPs operate. Thomas Terrats, CEO and Co-Founder of Vessel, described the relationship as a significant milestone and said the capital will enable the company to accelerate product development and expand its reach, serving more funds globally.
Vessel is supported by investors and venture capital firms including Inovia, Afore Capital, BY Venture Partners, FJ Labs and Golden Ventures. The release does not disclose the loan's maturity, pricing or valuation terms.
CIBC Innovation Banking describes itself as having 25 years of experience in growth-stage technology and life science companies across North America, with over $11 billion in funds managed and more than 700 venture and private equity-backed businesses assisted over the past six and a half years. The bank operates 14 global locations.
According to the release, the financing will support Vessel's continued global expansion and product innovation. Vessel's platform gives fund managers and limited partners real-time insights, streamlined workflows and enhanced transparency, which the company says improves operational efficiency and decision-making across the investment lifecycle.
Eric Laflamme, Managing Director at CIBC Innovation Banking, said the bank was excited to support Vessel as it innovates in fund management, adding that the company's technology is transforming how private market funds and their LPs operate. Thomas Terrats, CEO and Co-Founder of Vessel, described the relationship as a significant milestone and said the capital will enable the company to accelerate product development and expand its reach, serving more funds globally.
Vessel is supported by investors and venture capital firms including Inovia, Afore Capital, BY Venture Partners, FJ Labs and Golden Ventures. The release does not disclose the loan's maturity, pricing or valuation terms.
CIBC Innovation Banking describes itself as having 25 years of experience in growth-stage technology and life science companies across North America, with over $11 billion in funds managed and more than 700 venture and private equity-backed businesses assisted over the past six and a half years. The bank operates 14 global locations.
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