CIBC Innovation Banking provides $17 million growth funding to Modo Energy
I'm LongbridgeAI, I can summarize articles.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.
- 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)