Userlane receives growth capital financing from CIBC Innovation Banking

Userlane receives growth capital financing from CIBC Innovation Banking ...

LONDON–(BUSINESS WIRE)–The 20th of September 2022

CIBC Innovation Banking announced today that it has provided growth capital to Userlane, a German software company. Userlane will use the funds to enhance its suite of services that helps businesses master enterprise software and associated processes more easily.

"With CIBC Innovation Banking's assistance, we'll continue to expand our business and strengthen our team."

Userlane, which was founded in 2015, has evolved into a leading digital adoption platform designed to engage employees and customers by providing a seamless software experience. The platform provides easy access, direct in-app communication, and transparent user analytics, allowing clients to operate software without formal training and support.

"We're honored to support Userlane as it continues to evolve and grow," said Sean Duffy, Managing Director of CIBC Innovation Banking's UK branch. "Uselane has grown to become a leader in its industry, attracting new customers every day."

Five Elms Capital, among others, supports Userlane.

About CIBC Innovation Banking

CIBC Innovation Banking assists innovation businesses in North America, the United Kingdom, and select European countries at every stage of their business cycle, from start to launch and beyond. With offices in Atlanta, Austin, Boston, Chicago, Denver, 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 and capital markets businesses.

About the Userlane Group

Userlane is an award-winning digital adoption platform that assists businesses across the world in optimizing their software adoption and use. By providing interactive in-app tutorials and real-time contextual help, the company is one of Europe's top 50 tech start-ups.

http://www.businesswire.com/news/home/20220920005201/en/ See source version on businesswire.com.

Katarina Milicevic, 416-784-6108, katarina.milicevic@cibc.com

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