CIBC Innovation Banking provides Growth Capital to Chatkit

The Chatkit team is driven by a singular focus on customer success, so we are pleased to announce that we have raised more money to help us deliver better products and services to you, our customer.


Toronto, ON (August 2, 2018) — Founded in 2016, Chatkit’s AI-powered platform helps brands increase sales and loyalty by engaging customers in two-way dialogue over messaging channels like Facebook Messenger and SMS. By sending powerful messages at key points in the customer journey, brands are able to grow a captivated audience they can message anytime.

“We founded Chatkit because we believe in the power of chat to transform marketing communications and commerce,” said Mazdak Rezvani, CEO of Chatkit. Mr. Rezvani, the former CTO of Chango Inc., completed a seed financing in May 2017 with Mantella Venture Partners, iNovia Capital and 500 Startups Canada. “Having CIBC Innovation Banking as our financial partner allows us to further accelerate our strategy and plan for the next stage of growth” added Mr. Rezvani.

“Chatkit has attracted a strong team with deep expertise in advertising and marketing technology, and have brought those skills together to build an interactive customer success tool,” said Rob Rosen, Managing Director of CIBC Innovation Banking. “We look forward to being a partner in the company’s future success.”

About Chatkit Inc.
 
Chatkit, a pioneer of Conversational Marketing, provides an AI-powered platform that enables its customers, who include some of the most innovative e-commerce brands in the world, to deliver highly personalized messaging experiences to their customers. Chatkit provide brands with full-service concierge solutions to ensure their chat marketing campaigns deliver more leads, better engagement, and more conversions.

About CIBC Innovation Banking

With offices in Menlo Park, New York, Toronto and Vancouver, CIBC Innovation Banking is a full-service business that delivers strategic advice and funding to North American innovation clients at each stage of their business cycle, from start up to IPO and beyond. CIBC Innovation Banking brings extensive experience and a strong, collaborative team that extends across commercial banking and capital markets in Canada and the U.S.