News Summary

Montréal-based startup Vessel, which offers an AI-powered fund- and investor-management platform, has secured $1.5 million in growth capital from CIBC Innovation Banking to support its expansion across North America and Europe. Vessel’s platform automates fundraising workflows, centralizes data, and provides an institutional-grade investor experience, enabling Canadian general partners to raise capital globally. The partnership with CIBC is seen as a shared mission to elevate Canada’s venture ecosystem by improving systems and standards. Earlier this year, Vessel raised a $10.3-million CAD seed round led by Inovia Capital and Afore Capital, both of which are also clients of the startup.