Montreal-based investment platform Vessel Funds Inc. has secured a $1.5 million debt facility in growth capital from CIBC Innovation Banking to support the company’s global expansion and ongoing product development efforts.
According to a news release, Vessel’s platform supports fund managers and limited partners by simplifying investor relations, fund reporting and compliance tasks. It’s designed to streamline workflows and provide insights to improve efficiency across the investment lifecycle.
“The growth capital will enable us to accelerate our product development and expand our reach, serving more funds globally while helping more General Partners and Limited Partners unlock greater value from their investments,” Thomas Terrats, CEO of Vessel, said in a statement.
Vessel is backed by venture capital firms including Inovia, Afore Capital and BY Venture Partners.
