Verve, a provider of location-powered mobile marketing, is expanding its long-standing relationship with Silicon Valley Bank (SVB) with a new $30 million debt financing package.

Growing more than 50% annually for the past four years, Verve embarked on its international expansion with the opening of its UK office this March. Current campaigns with new European partners are demonstrating strong performance and the new capital will accelerate the expansion of Verve’s patented capabilities into other markets.

“Silicon Valley Bank has played a pivotal role in Verve’s expansion,” said Nada Stirratt, Verve CEO. “Verve is a pioneer in the mobile location business, and we have proven our ability to build a rapid-growth, profitable platform with industry-leading margins. This additional investment from SVB allows us to make strategic data and technology acquisitions to complement our distinctive capabilities in the US and abroad.”

“Silicon Valley Bank is pleased to continue our long-standing relationship with Verve,” said Eric Otterson, managing director for SVB in San Diego. “We’re impressed by Nada and the leadership team that has realized the company’s consistent growth in a highly competitive market. We are thrilled to provide the Verve team with the right financing, connections and global services necessary to facilitate their continued growth.”