CIBC Innovation Banking has provided a C$25 million credit facility to Toronto-based Q4, a provider of cloud-based investor relations and capital markets solutions. The financing will be used to continue to scale Q4’s team, expand its technology platform and pursue growth opportunities. Q4’s backers include First Ascent Ventures, Information Venture Partners and Napier Park Financial Partners.
TORONTO–(BUSINESS WIRE)–CIBC Innovation Banking is pleased to announce a $25 million credit facility for Q4 Inc. (Q4), a Toronto based leading global provider of cloud-based investor relations and capital markets solutions. Q4 will use this latest growth financing to support continued scaling of its team, deepening of its best-in-class technology platform, and the continued pursuit of inorganic growth opportunities.
Q4 is the industry’s only full-suite provider of investor relations solutions, delivering products to serve needs across websites, virtual events, corporate access, data & analytics, CRM and capital markets intelligence. Q4 is used by 2,200 clients across Canada, the United States, the United Kingdom and Europe.
“We are excited to work with the team at CIBC Innovation Banking and appreciate its support as we execute on our mission of helping IR teams deliver strategic impact to their companies,” said Darrell Heaps, CEO of Q4. “The strategic importance of investor relations is made ever more apparent during challenging times. We are proud to have the backing of CIBC Innovation Banking and our other investors as we do everything in our power to help IR teams successfully navigate through to market recovery.”
Q4 completed a $35 million USD growth equity raise in 2018, and since then has achieved significant organic and inorganic growth, including notable strategic transactions with Business Wire and S&P Global Market Intelligence.
“Q4 provides an innovative and modern platform of tools that truly enables investor relations professionals,” said Mark Usher, Managing Director and North American Team Lead, CIBC Innovation Banking. “They have built a durable and growing company and we are very excited to work with their team.”
Q4 is backed by leading investment firms Napier Park Financial Partners, First Ascent Ventures, and Information Venture Partners, along with other notable venture capital and angel investors.
About CIBC Innovation Banking
CIBC Innovation Banking delivers strategic advice, funding and cash management to North American innovation companies at each stage of their business cycle, from start-up to IPO and beyond. With offices in Atlanta, Austin, Chicago, Denver, Menlo Park, Montreal, Reston, Toronto and Vancouver, the team has extensive experience and a strong, collaborative approach that extends across CIBC’s commercial banking and capital markets businesses in the U.S. and Canada.