Jane Software raises $2 million in debt financing from CIBC

BC-based Jane Software Inc., a cloud-based clinic management software company, has closed $2 million in debt financing from CIBC Innovation Banking.

Jane, operating out of North Vancouver, offers partnered health clinics online appointments, scheduling, and billing on an integrated platform. Its various features allow practitioners to make notes and track patients’ conditions while integrating clinic workflow and offering a variety of invoice methods available for businesses in 25 countries.

“We honestly couldn’t be more excited about 2019 and how CIBC will support us in the coming years.”
– Alison Taylor

Since their launch in 2014, Jane has been accepted to BC Tech’s Hypergrowth Program in 2017, and placed second in the BC New Ventures Competition in 2016. The software is utilized in over a dozen countries, by over 12,000 practitioners in a variety of disciplines. The current terms of the debt financing are undisclosed, but co-CEO of Jane, Alison Taylor, said the $2 million will help Jane experiment with new expansion strategies much faster than their presently self-funded model of growth.

“We are thrilled to be working with them as we continue to expand Jane’s team and platform here in Canada and around the world,” said Taylor. “We honestly couldn’t be more excited about 2019 and how CIBC will support us in the coming years.”

Amelia Kleinschmidt, manager with CIBC Innovation Banking in Vancouver, said their financing decision was based on Jane’s identification of a common issue in clinic management.

“We’re impressed with the team and look forward to helping support the company in their next stage of growth,” said Kleinschmidt.

Image via Jane.