Canadian Imperial Bank of Commerce's Innovation Banking to Provide Modo Energy $17 Million in Growth Funding

MT Newswires Live

07/21

Canadian Imperial Bank of Commerce's (CM) Innovation Banking business said Tuesday that it has provided Modo Energy with a $17 million growth funding package to invest in the platform and expand sales and marketing operations.

The latest funding brings the total amount raised by Modo Energy to $52 million, the division said.

Shares of Canadian Imperial were up 2% in recent Tuesday premarket activity.

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