---
title: "CIBC Innovation Banking provides $17 million growth funding to Modo Energy"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293330031.md"
description: "CIBC Innovation Banking provided $17 million in growth funding to Modo Energy, marking its largest single commitment. This brings Modo's total raised capital to $52 million. The funds will be used to invest in its platform, expand sales and marketing, hire staff, and enter new markets."
datetime: "2026-07-21T11:00:46.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293330031.md)
  - [en](https://longbridge.com/en/news/293330031.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293330031.md)
---

# CIBC Innovation Banking provides $17 million growth funding to Modo Energy

-   CIBC Innovation Banking provided a $17 million growth funding package to Modo Energy, lifting the company’s total funding raised to $52 million. \* CIBC Innovation Banking was the lead backer in the new capital, described as Modo Energy’s largest single commitment to date. \* Modo Energy plans to use the financing to invest in its platform, expand sales and marketing, hire staff, and enter new markets. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CIBC - Canadian Imperial Bank of Commerce published the original content used to generate this news brief via Business Wire (Ref. ID: 20260721223180) on July 21, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)

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