LONDON–(BUSINESS WIRE)–CIBC Innovation Banking today announced that it has provided growth capital funding to Userlane, a Germany-based software company. Userlane will use the funds to expand its suite of products that help companies more easily master enterprise software and related processes.
“CIBC Innovation Banking’s investment will help us focus on our mission to become the vendor of choice for businesses looking to maximize their investments in enterprise-grade software platforms,” said Hartmut Hahn, Founder and CEO, Userlane. “Over the past year, we have continued to scale our business and grow our team. Now, with the support of CIBC Innovation Banking, we will look to continue this development and position ourselves as a leading player in our market and continue to add mission-critical functionality that we can offer to all existing clients. .
Launched in 2015, Userlane has grown into a leading digital adoption platform designed to engage employees and customers by providing a seamless software experience. The company’s platform offers easy accessibility, direct in-app communication, and seamless user analytics, allowing customers to use software without formal training or support.
“We are delighted to support Userlane as it continues to evolve and grow,” said Sean Duffy, Managing Director of CIBC Innovation Banking’s UK office. “Its training and education platform has led Userlane to become a leader in its industry, attracting new customers every day. Our team is looking forward to supporting Userlane on this exciting journey.
Userlane is also backed by Five Elms Capital, among others.
About CIBC Innovation Banking
CIBC Innovation Banking provides strategic advice, cash management and financing to innovative companies in North America, the UK and selected European countries at every stage of their business cycle, from start-up to IPO and beyond. of the. With offices in Atlanta, Austin, Boston, Chicago, Denver, Durham, London, Menlo Park, Montreal, New York, Reston, Seattle, Toronto and Vancouver, the team has extensive experience and a strong collaborative approach that spans to all of CIBC’s commercial banking services. and capital markets firms.
About Userlane Group
Userlane is an award-winning digital adoption platform that helps businesses around the world maximize software adoption and usage. By implementing in-app interactive tutorials and real-time contextual assistance, Userlane helps users get up to speed with new software. With more than 200 customers worldwide, the company is one of the top 50 technology start-ups in Europe. www.userlane.com.