VANCOUVER, British Columbia–(BUSINESS WIRE)–January 14, 2020–
CIBC Innovation Banking is happy to announce a $2.5 million development capital financing for Vancouver-based ePACT Network Ltd. The debt capital enhances a latest Series A fairness elevate co-led by Disruption Ventures and Yaletown Partners.
Launched in 2012, ePACT is an internet emergency preparedness community permitting customers to construct help networks, securely retailer and alternate medical info, and entry communication instruments for better interplay and preparation within the occasion of an emergency.
“ePACT has taken the tedious act of completing paper-based forms for families’ emergency and health information, simplified the process and moved it online,” mentioned Kirstin Ritson, Director, CIBC Innovation Banking Vancouver. “We are impressed with what they are doing to connect families and organizations to better share critical information in a secure and timely fashion.”
“It has been great to work with the CIBC Innovation Banking team on this additional financing to help us scale up,” mentioned Christine Sommers, CEO and Co-Founder of ePACT. “The team really understands the needs of growing businesses like ours, and we’re excited to be able to leverage this growth capital for our company, team and product growth going forward.”
About CIBC Innovation Banking
CIBC Innovation Banking delivers strategic recommendation, money administration and funding to North American innovation corporations at every stage of their enterprise cycle, from begin as much as IPO and past. With workplaces in Atlanta, Austin, Chicago, Denver, Menlo Park, Montreal, Reston, Toronto and Vancouver, the staff has intensive expertise and a robust, collaborative method that extends throughout CIBC’s industrial banking and capital markets companies within the U.S. and Canada.
About ePACT Network Ltd.
ePACT is a extremely safe, on-line emergency community used to attach organizations, households and households’ emergency contacts (mates and kin) for better interplay, info sharing, preparation and help for potential crises. Families retailer essential emergency knowledge on-line, then share it with trusted people and organizations. Organizations join throughout their neighborhood, securely accessing knowledge anytime, wherever, and sending communications day-to-day or in an emergency. With ePACT, communities cut back dangers, enhance efficiencies, reduce environmental impacts and improve the protection and help for all their members. ePACT serves a whole bunch of organizations throughout Canada and the US, and is utilized in over 110 nations worldwide.
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Kathryn Lawler, 416-242-1943