Silicon Valley Bank

Silicon Valley Bank

Silicon Valley Bank is an u.s.-based high-tech commercial bank founded in 1983.

Silicon Valley Bank is an investment bank in California that focuses on technology, life science, cleantech, venture capital, private equity, and premium wine businesses. Founded 1983 in Santa Clara, California, United States, it invests in debt, early stage ventures, late stage ventures, private equity, series B, debt financing, series A, post-IPO debt, and seed rounds. Its portfolio companies include Symend, GoExpedi, Glofox, FreeWire Technologies, FORM, AcuityAds, Weee!, Proxy, Pager, and Fastforward.ai. As of June 2020, Silicon Valley Bank has made 601 investments. The company has had 206 exits, the most notable of which include Draper Esprit, Vonage, and Teladoc. Silicon Valley Bank has raised three funds, their latest being Silicon Valley Bank III.

Silicon Valley Bank offers online and banking services, payments, deposits and fraud prevention services. In addition, the company offers investments and asset management services, credit solutions and commercial card programs and strategic advisory services, such as deal sourcing, benchmarking, strategic valuations and transaction support.

Silicon Valley Bank has 330 monthly app downloads. The most popular apps downloaded are SVB Mobile Banking-Commercial, SVB Private Bank, and SVB Wealth Advisory.

Timeline

May 7, 2020

The most recent investment of Silicon Valley Bankwas on May 7, 2020, when Symend raised $52M.

May 1, 2020

Silicon Valley Bank invested in GoExpedi Debt financing ($15M).

April 28, 2020

Silicon Valley Bank invested in Glofox Series A Round ($10M).

1983

Founded

Funded Companies

Company
Description
Industry
Website
Location
Bolt Threads

Bolt Threads is a biotechnology company that makes high performance fabrics and materials using biology.

Fashion
Emeryville, California
FireEye

Fireeye, inc. is a Milpitas, California-based publicly listed network security company

Security
California
Zendesk

Customer service software company

Software
San Francisco
Directly

Directly is a San Francisco-based developer of artificial intelligence systems of customer experience and chatbots founded by Antony Brydon, Jean Tessier and Jeff Patterson.

Artificial intelligence (AI)
San Francisco
Azimo

Azimo is an online remittance service founded by Marta Krupinska.

Service (economics)
London
Fabric (insurance company)

Fabric Insurance is a Brooklyn-based digital insurance broker.

Insurance
Brooklyn
NerdWallet

NerdWallet is a San Francisco-based provider of financial information, offering consumers personalized advice to help them make money decisions.

Personal finance
San Francisco
Aicure

AiCure is an advanced data analytics company that uses artificial intelligence to understand how patients respond to treatments.

Artificial intelligence (AI)
New York
Cofactor Genomics

A company using RNA to diagnose disease and to develop biomarkers that predict treatment outcomes. Cofactor is founded by Jarret Glasscock.

Artificial intelligence (AI)
San Francisco
Ouster

An electronic manufacturing company with a focus on high-resolution LIDAR sensors. It was founded in 2015 and is located in San Francisco, California.

Computer Vision
San Francisco
Reonomy

A company offering a software platform for the commercial real estate industry that is leveraging big data and machine learning.

Machine learning
New York
BlueVine

A company offering an online platform for small and medium-sized businesses to gain access to financial products.

Finance
Redwood City, California
10X Genomics

A biotechnology company offering a genomics platform supporting scientific research into life sciences such as oncology, immunology, and neuroscience.

Genomics
Pleasanton, California
Root Insurance

An insurance technology company offering car insurance.

Artificial intelligence (AI)
Columbus, Ohio
SaaSOptics

A software company offering a business to business subscription management platform.

Atlanta
WHOOP

Whoop is a performance optimization system for elite athletes and teams.

Sport
Boston
Singularity University Startup Accelerator

A startup accelerator focusing on commercializing technologies developed in research facilities

Software
Mountain View, Contra Costa County, California
Vouch

Vouch is an insurance company for startups.

Software
San Francisco
Bench

Company

Accounting
Canada
Knewton

Knewton is a New York City-based education technology and artificial intelligence company founded in 2008 by Jose Ferreira.

Machine learning
Hoboken, New Jersey
Rainforest QA

Rainforest QA is a San Francisco-based company founded by Russell Smith.

Machine learning
San Francisco
EatStreet

EatStreet is a Madison, Wisconsin-based company.

Software
Madison, Wisconsin
Lightspeed POS

Lightspeed POS is a Montreal-based company founded in 2005.

Software
Montreal
Sidecar (Marketing campaign company)

Sidecar is a Philadelphia-based company founded by Andre Golsorkhi.

Artificial intelligence (AI)
Philadelphia
ID.me

ID.me is a Washington, D.C. based company producing digital identity software for a user's indication verification.

Identity management
Washington, D.C.
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Associated investment funds

Investment Fund
Total offering (USD)
Total sold (USD)
Location
Date signed
Strategic Investors Fund V, L.P.
250,000,000
142,800,000
Palo Alto, California
August 18, 2011
Sprout Endurance Partners, L.P.
392,000,000
392,000,000
Menlo Park, California
May 16, 2018
Qualified Investors Fund V, LLC
10,015,000
10,015,000
Menlo Park, California
June 9, 2017
Strategic Investors Fund IX Master, L.P.
703,000,000
703,000,000
Menlo Park, California
May 16, 2018
Capital Partners IV, L.P.
225,000,000
225,000,000
Menlo Park, California
May 8, 2017
Strategic Investors Fund V-A Opportunity, L.P.
50,000,000
50,000,000
Palo Alto, California
June 6, 2012
Venture Overage Fund, L.P.
275,000,000
Menlo Park, California
March 20, 2015
Strategic Investors Fund X LS SPV, L.P.
25,000,000
25,000,000
Menlo Park, California
November 2019
Capital Partners III, L.P.
125,000,000
Menlo Park, California
December 10, 2013
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People

Name
Role
LinkedIn

Andrew Hoang

Employee

Bharat Bhate

Employee

Charlotte Torres

Employee

Chris Kirschke

Employee

David Mort

Employee

Edward Shenderovich

Employee

Eileen Nolan

Employee

Eric Benhamou

Employee

Jacob Laufer

Employee

Jason Mok

Employee

Jim Marshall

Employee

Jim Rutter

Employee

John Karakelle

Employee

Kathleen Ward

Employee

Ken Loveless

Employee

Lauren McLaughlin

Employee

Liam Fairbairn

Employee

Mark Lau

Employee

Michael Burke

Employee

Mike Ball

Employee

Nick de Porcel

Employee

Nicole Staple

Employee

Rohan Shah

Employee

Ron Sherman

Employee

Samir Kaji

Employee

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Further reading

Title
Author
Link
Type
Date

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

AcuityAds

Fastforward.ai

FORM

FreeWire Technologies

Glofox

GoExpedi

Pager

Proxy

Symend

Weee!

News

Title
Author
Date
Publisher
Description
Marlize van Romburgh
June 16, 2020
AmericanInno
The National Venture Capital Association is spinning out a new nonprofit organization aimed at advancing diversity and inclusion in the industry and expanding access to venture capital, the association said Tuesday. The new 501(c)(3) nonprofit is called Venture Forward and will be based at the NVCA's headquarters in Washington, D.C., and at new offices in San Francisco. Its focus will be on advancing diversity, inclusion and access to opportunities in the venture and startup worlds, which continue to be heavily dominated by white men in a handful of coastal markets. "A big part of our mission here is to make sure that we are expanding opportunities for women, for people of color, for people in geographies outside of California, Massachusetts and New York, to be able to learn about venture capital and participate in our ecosystem, whether as an entrepreneur or as an investor," Maryam Haque, the executive director of Venture Forward, told the Silicon Valley Business Journal in an
Marlize van Romburgh
June 16, 2020
AmericanInno
The National Venture Capital Association is spinning out a new nonprofit organization aimed at advancing diversity and inclusion in the industry and expanding access to venture capital.
Isabelle Kirkwood
May 5, 2020
BetaKit
Silicon Valley Bank has appointed Paul Parisi, formerly the president of PayPal Canada, as its new head of Canada.
Erin Griffith and David McCabe
April 27, 2020
www.nytimes.com
Some young companies have turned to the government loans not for day-to-day survival but simply to buy useful time.
Jonathan Shieber
April 8, 2020
TechCrunch
In a sign of just how broken the process is for startups looking to receive stimulus dollars, Silicon Valley Bank, the bank that claims "more innovative startups bank with us than any other bank," only just began processing claims today. "Since the CARES Act and the PPP were announced, we have been hard at work [...]
Annie Musgrove
January 6, 2020
Tech.eu
Icelolly, the UK travel and holiday comparison platform, has closed £2 million in venture debt financing from Silicon Valley Bank (SVB) to support growth and increase brand recognition. Icelolly's platform collects holiday deals and travel inspiration to help vacationers book the cheapest, best-suited package, from flights to car hire to accommodation. Founded in West Yorkshire ...
Shannen Balogh
November 5, 2019
Business Insider
JPMorgan is building a team tasked with providing coverage for VC firms and helping the commercial bank work with other areas like investment banking and wealth management.
Meagan Simpson
November 4, 2019
BetaKit
RenoRun, the Montreal startup that connects construction workers with on-demand materials, has closed its Series A round for a total of $22 million.
Megan Hernbroth
September 17, 2019
Business Insider
Vouch is the latest startup out of Silicon Valley to cater exclusively to other startups. The company currently operates in Utah and Illinois.
Jessica Galang
September 10, 2019
BetaKit
Parity, which builds software that uses AI to eliminate energy waste in multi-residential buildings, has received $1.25 million from Silicon Valley Bank.
Jonathan Shieber
Invalid Date
TechCrunch
A slew of banks are coming together to back a new roll-up strategy for the Los Angeles-based mobile gaming studio Jam City and giving the company $145 million in new funding to carry that out. There's no word on whether the new money is in equity or debt, but what is certain is that JPMorgan ...

References

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