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News Stories (68 Results) - Silicon Valley Bank

Silicon Valley Bank (SVB), a division of First Citizens Bank, along with lending partner Trinity Capital, provided a $125 million warehouse facility to fintech infrastructure startup, Parafin. Recently named to the 2024 Fintech Innovation 50, Parafin... Read Story
April 10, 2024, 07:00 AM

Float, one of Canada’s fastest growing fintechs, kicked off 2024 with an aggressive expansion plan and the backing of a C$50 million credit facility in partnership with Silicon Valley Bank (SVB), a division of First Citizens Bank. Under the terms of... Read Story
February 14, 2024, 07:35 AM

Grindr, the world’s largest social network for the LGBTQ community, completed a refinancing via a new $300 million Term Loan A facility and a $50 million Revolving Credit facility. The joint lead arrangers of the transaction are J.P. Morgan, Bank of... Read Story
November 30, 2023, 08:10 AM

After this spring’s rapid collapse of Silicon Valley Bank, Signature Bank and First Republic Bank, the banking industry is closely measuring the possible regulatory after-effects. Those impacts may include closer regulatory scrutiny for both... Read Story
August 14, 2023, 08:00 AM

Connectbase secured a $16 million debt facility from Silicon Valley Bank, a division of First Citizens Bank, to be used for growth and market expansion.The news comes on the heels of several major announcements, including the company's first... Read Story
July 19, 2023, 07:47 AM

Flux Power Holdings, a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, has renewed the available credit under its existing facility with Silicon Valley Bank, a division of First... Read Story
April 28, 2023, 07:50 AM

Mitsubishi UFJ Financial Group (MUFG) announced the hiring of five senior executives, and a total of at least 20 new team members, to significantly expand the capabilities of its Technology, Media and Telecom (TMT) Banking group to support the... Read Story
April 20, 2023, 08:01 AM

Stifel Financial Corp. announced a significant expansion of its business serving growth companies in the venture community through the addition of three key partners formerly with Silicon Valley Bank, (“SVB”). Jake Moseley, Matt Trotter, and Ted... Read Story
March 24, 2023, 08:15 AM

SVB Financial Group filed a voluntary petition for a court-supervised reorganization under Chapter 11 in the United States Bankruptcy Court for the Southern District of New York to preserve value.SVB Securities and SVB Capital's funds and general... Read Story
March 20, 2023, 08:00 AM

Socure, a leading provider of digital identity verification and fraud solutions, entered into a $95 million, three-year credit facility with J.P. Morgan, Silicon Valley Bank, and KeyBanc Capital Markets. This line of credit will further strengthen... Read Story
March 09, 2023, 07:45 AM

Aspen Neuroscience, a private biotechnology company developing autologous cell therapies including the first iPSC-derived autologous neuron replacement treatment for Parkinson's disease (PD), signed a $40 million credit facility with Silicon Valley... Read Story
December 22, 2022, 07:34 AM

Silicon Valley Bank and Hercules Capital provided a $300 million credit facility to Oak Street Health, a network of value-based primary care centers for adults on Medicare. The financing is intended to provide Oak Street Health with operational and... Read Story
November 17, 2022, 07:00 AM

ViewRay entered into a new five-year loan facility agreement with MidCap Financial and Silicon Valley Bank. The Agreement consists of a term loan of up to $100 million and a revolving line of credit of up to $25 million. "We are pleased with the... Read Story
November 15, 2022, 07:45 AM

Savara, a clinical stage biopharmaceutical company focused on rare respiratory diseases, entered into a term loan agreement of $26.5 million with Silicon Valley Bank to replace its existing credit facility with the bank. The new facility represents a... Read Story
April 25, 2022, 07:29 AM

Click Therapeutics, a leader in Digital Therapeutics™ as prescription medical treatments, secured a $15 million term loan from Silicon Valley Bank. Proceeds from the financing were used in part to retire Click’s existing term loan facility with K2... Read Story
April 15, 2022, 08:02 AM

Liquidia Corporation closed a debt facility on January 7, 2022, with Silicon Valley Bank (SVB) which provides Liquidia with up to $40.0 million in term loans of which the first $20.0 million was funded at closing. Liquidia initially entered a debt... Read Story
January 10, 2022, 08:00 AM

Global fintech MODIFI announced $145 million in debt financing with existing bank partners Silicon Valley Bank and Solarisbank. The funds will be used to address increasing demand and help more small and medium-sized enterprises trade internationally... Read Story
December 16, 2021, 07:50 AM

Viracta Therapeutics, a precision oncology company primarily focused on targeting virus-associated malignancies, entered into a loan and security agreement with Silicon Valley Bank (SVB) and Oxford Finance LLC (Oxford) for up to $50.0 million. In... Read Story
November 08, 2021, 08:02 AM

MarketWise, formerly known as Beacon Street Group, a leading multi-brand digital subscription services platform providing premium financial research, software, education, and tools for self-directed investors, announced that its direct subsidiary... Read Story
November 01, 2021, 08:05 AM

Stride Funding secured $30 million of low-cost education financing from Silicon Valley Bank (SVB) to fund the high-growth asset class of outcomes-driven funding products. The warehouse credit facility will be used to fund upskilling programs for... Read Story
October 22, 2021, 07:16 AM

Runway Growth Capital, a leading provider of growth loans to both venture and non-venture backed companies seeking an alternative to raising equity, hired Igor DaCruz as Managing Director to continue to expand the company’s Life Sciences Origination... Read Story
October 07, 2021, 07:39 AM

Taysha Gene Therapies entered into a loan and security agreement with Silicon Valley Bank (SVB) that provides Taysha with up to $100 million of borrowing capacity.“Access to this non-dilutive financing at an attractive cost of capital, along with the... Read Story
August 16, 2021, 07:30 AM

Motus GI Holdings, a medical technology company providing endoscopy solutions that improve clinical outcomes and enhance the cost-efficiency associated with the diagnosis and management of gastrointestinal conditions, refinanced its debt and expanded... Read Story
July 22, 2021, 07:49 AM

Libertas Funding, a technology-enabled specialty finance company that provides funding solutions to small and medium-sized businesses (SMB), entered into a warehouse financing agreement of up to $100 million with Silicon Valley Bank (SVB). This... Read Story
July 16, 2021, 07:40 AM

VidCrunch, a leading web and app video content-based monetization provider and a Google MCM Partner, announced that it secured a multi-million-dollar financing facility from Silicon Valley Bank  to expand the company's global sales team, enhance its... Read Story
June 01, 2021, 07:27 AM

SCYNEXIS secured a $60 million term loan facility with Hercules Capital and Silicon Valley Bank (SVB). The capital strengthens SCYNEXIS’ balance sheet ahead of the anticipated commercial launch of Brexafemme, the expected trade name for ibrexafungerp... Read Story
May 17, 2021, 08:00 AM

Accuray entered into a new five-year $80 million term loan and $40 million revolving credit facility with Silicon Valley Bank and a syndicate of banks. The closing and funding of the new credit facility is subject to customary conditions precedent... Read Story
May 07, 2021, 07:00 AM

J.P. Morgan Commercial Banking announced the hire of five key executives to its growing Innovation Economy team within the Middle Market Banking and Specialized Industries (MMBSI) group. This marks another significant milestone in the firm’s... Read Story
April 01, 2021, 08:10 AM

Digi International entered into an amended and restated credit agreement with BMO Harris Bank as administrative agent and collateral agent.The new facility provides Digi with a senior secured credit facility consisting of a $200 million senior... Read Story
March 22, 2021, 07:59 AM

Zoom Telephonic, doing business as Minim, the creator of innovative internet access products, closed on a $13.0 million credit facility in partnership with Silicon Valley Bank in lieu of its previous $5.0 million credit facility. This announcement... Read Story
March 16, 2021, 07:50 AM

Horizon Technology Finance and Silicon Valley Bank provided a $20 million venture loan facility to Canary Medical, Inc., a medical data company improving healthcare outcomes with its proprietary smart medical devices. Under the terms of the agreement... Read Story
January 05, 2021, 08:05 AM

Clearbanc, the world's largest e-commerce investor and funding platform, and Silicon Valley Bank (SVB), the bank of the world's most innovative companies and their investors, today announced a new partnership to accelerate the growth of US-based... Read Story
December 08, 2020, 09:00 AM

Scholar Rock, a clinical-stage biopharmaceutical company focused on the treatment of serious diseases in which protein growth factors play a fundamental role, announced the closing of a $50 million debt facility with Silicon Valley Bank and Oxford... Read Story
October 19, 2020, 08:45 AM

Beyond Meat, Inc., a food company specializing in plant-based meat, announced that it has entered into a new $150 million five-year secured revolving credit facility to support its future growth initiatives. The New Credit Facility also includes an... Read Story
April 23, 2020, 09:10 AM

Silicon Valley Bank (SVB), the bank of the world’s most innovative companies and their investors, today announced three senior hires in its specialty finance group. Emily Barron, former head of finance at Branch International, and Brian Foley, former... Read Story
January 08, 2020, 09:15 AM

Silicon Valley Bank (SVB) announced that it led a $55 million senior secured term loan to US HealthVest (USHV), a developer and operator of behavioral health facilities.The financing includes a $30 million first lien revolving line and term loan from... Read Story
April 19, 2019, 08:50 AM

Achaogen, Inc., a biopharmaceutical company developing and commercializing innovative antibacterial agents to address multi-drug resistant (MDR) gram-negative infections, announced that it has filed a voluntary petition under Chapter 11 of the... Read Story
April 16, 2019, 09:00 AM

SVB Financial Group (SVB) announced that it has entered into a merger agreement to acquire Leerink Holdings LLC (Leerink), the Boston-based parent company of Leerink Partners LLC, a leading investment bank focused on the healthcare and life science... Read Story
November 16, 2018, 07:18 AM

Sierra Oncology, Inc, a clinical stage drug development company focused on advancing targeted therapeutics for the treatment of patients with significant unmet needs in hematology and oncology, announced that it has obtained a debt facility from... Read Story
August 23, 2018, 07:12 AM

Persado, a provider of AI-generated marketing language for top global brands, unveiled the expansion of its marketing language cloud and introduced Persado One, a feature that enables personalized emotional engagement at scale. Presenting at... Read Story
October 30, 2017, 07:00 AM, a Mac hosting authority and provider of Mac Pro private cloud infrastructure-as-a-service (IaaS), announced that it has received a $3 million debt facility from Silicon Valley Bank. MacStadium recently raised a growth capital... Read Story
June 13, 2017, 07:05 AM

Oxford Finance LLC, a specialty finance firm that provides senior debt to life sciences and healthcare services companies, and Silicon Valley Bank announced the closing of a $20 million credit facility with Castle Biosciences, Inc., a privately held... Read Story
May 10, 2017, 07:18 AM

Sientra, Inc., a medical aesthetics company, has entered into a $15 million secured line of credit and a $5 million term loan agreement with Silicon Valley Bank (SVB). This agreement provides up to $20 million of capital to the company to be used for... Read Story
March 27, 2017, 07:00 AM

Cartiva, Inc., an Alpharetta, Ga.-based developer of innovative products for the treatment of cartilage damage and osteoarthritis, secured $8.5 million in Series E financing.The round was led by New Enterprise Associates (NEA) with participation from... Read Story
January 16, 2017, 07:33 AM

ID Watchdog, Inc., provider of consumer-facing identity theft protection and resolution services, announced today that it has entered in to a new $3.0 million credit facility with Silicon Valley Bank (the "Facility").  The Facility will consist of up... Read Story
October 03, 2016, 07:42 AM

Xtant Medical Holdings, Inc.announced the expansion of the accounts receivable revolver credit facility with Silicon Valley Bank to provide an additional $5 million in funds, making the total credit facility available, $11 million. The credit... Read Story
August 17, 2016, 07:23 AM

Verve, a leader in location-powered mobile marketing, announced that it is expanding its long-standing relationship with Silicon Valley Bank (SVB) with a new $30 million debt financing package. Growing over 50 percent annually for the past four years... Read Story
June 21, 2016, 07:26 AM

Vericel Corporation, a leading developer of patient-specific expanded cellular therapies for the treatment of severe diseases and conditions, has entered into a term loan and revolving line of credit agreement with Silicon Valley Bank, providing... Read Story
March 10, 2016, 07:38 AM

RMG Networks Holding Corporation, or RMG Networks, a leading provider of technology-driven visual communications solutions, announced it has entered into a new $7.5 million revolving credit facility with Silicon Valley Bank. The credit facility has a... Read Story
November 05, 2015, 07:14 AM

PulsePoint, a global programmatic platform for brand engagement, announced its recent $30 million debt financing from Silicon Valley Bank. The funds will be used for business expansion and future acquisitions of technology companies. This... Read Story
September 29, 2015, 07:23 AM

IronPlanet, a leading online marketplace for buying and selling used heavy equipment and trucks, has closed a new $55 million senior secured credit facility. The new facility repays a prior senior secured loan and provides additional capital for... Read Story
September 18, 2015, 08:01 AM

Hercules Technology Growth Capital announced that it has expanded into Southern California, the third largest U.S. venture capital investment region. Tim Barnes, a former Silicon Valley Bank vice president, has joined Hercules’ investment team as a... Read Story
September 17, 2015, 07:22 AM

Ocata Therapeutics, Inc. has entered into a secured term loan facility of up to $10 million with Silicon Valley Bank. Ocata received initial funding of $6 million and has a conditional option to receive an additional $4 million upon the successful... Read Story
August 20, 2015, 07:15 AM

Alvarez & Marsal (A&M) has added former Chief Information Officer (CIO) and IT executive Beth Devin, enhancing the firm’s expertise in technology services. She joins as a Managing Director based in San Francisco where she will focus on expanding the... Read Story
August 13, 2015, 07:28 AM

Flexion Therapeutics, Inc. entered into a syndicated senior secured term loan facility with MidCap Financial and Silicon Valley Bank that allows Flexion to borrow up to $30 million at an annual interest rate of 6.25 percent with a maturity of... Read Story
August 05, 2015, 07:28 AM

EndoChoice Holdings has completed the refinancing of its outstanding debt and closed on a new $58 million senior secured credit facility with Midcap Financial and Silicon Valley Bank.  The new facility consists of a $43 million term loan and a $15... Read Story
July 01, 2015, 07:34 AM

Oxford Finance and Silicon Valley Bank announced the closing of a credit facility, including a $10 million senior secured term loan and a $7 million line of credit, with Labcyte Inc. Labcyte is a global biotechnology tools company that is... Read Story
May 06, 2015, 07:34 AM

Castle Biosciences, Inc., a provider of molecular diagnostics to improve cancer treatment, announced the funding of a new credit facility with Silicon Valley Bank. The new loan provides $6 million in new capital to support Castle Biosciences’ growth... Read Story
April 15, 2015, 07:36 AM

Boingo Wireless, Inc. announced that the company entered into a new credit agreement, dated November 21, 2014, with Bank of America Merrill Lynch and Silicon Valley Bank. Bank of America Merrill Lynch will serve as the sole lead arranger and sole... Read Story
December 01, 2014, 07:53 AM

First Capital announced the hiring of Ramsey Naber, Senior Vice President, in the Factoring Western Region.  Naber will perform the role of Portfolio and Business Development Manager throughout the Western Region and will be based out of the Los... Read Story
August 19, 2014, 07:24 AM

RuiYi, Inc., a global therapeutic innovation leader, announced the close of a $4 million debt financing from Silicon Valley Bank to advance a pipeline of novel monoclonal antibodies (mAb) targeting G protein coupled receptors (GPCRs). RuiYi plans to... Read Story
June 12, 2014, 07:21 AM

Ceterix Orthopaedics, Inc., a developer of novel surgical tools for arthroscopic procedures, announced that the company has closed $18 million in new financing. Previous investors Novo A/S, Versant Ventures and 5AM Ventures participated in the round... Read Story
May 14, 2014, 07:04 AM

Gibraltar Business Capital has announced the formation of Gibraltar Technology Finance, a unit of the company that will focus on making non-dilutive growth capital available to software and technology companies across the US.  Recognizing the unique... Read Story
May 06, 2014, 07:42 AM

Response Biomedical Corp. has secured a $2.5 million term loan from Silicon Valley Bank ("SVB"). The Company will initially draw down $1.5 million of the facility, and a further $1.0 million will become available for draw down if certain financial... Read Story
February 12, 2014, 07:14 AM

Oxford Finance LLC, a specialty finance firm that provides senior debt to life sciences and healthcare services companies, announced the closing of a $31.6 million debt financing expansion with Proteus Digital Health. The financing package, which was... Read Story
January 22, 2014, 07:39 AM

Business Capital announced the addition of banking expert  Michael Foley as senior underwriter and analyst .  He will join the credit team working with lending partners and clients to effectuate the syndication of commercial financing for small to... Read Story
October 31, 2013, 07:43 AM

Fifth Street Management LLC announced that its venture lending group, Fifth Street Technology Partners, has worked with Silicon Valley Bank ("SVB") to refinance an existing credit facility and provide additional growth capital for HealthEdge Software... Read Story
October 10, 2013, 07:23 AM

Singulex, Inc., a provider of Single Molecule Counting technology for scientific discovery and clinical testing services, announced it has secured a debt facility for up to $40 million from Oxford Finance and Silicon Valley Bank. In June 2013, the... Read Story
September 27, 2013, 07:39 AM