Secured Research | Equipment Finance Originator | Monitor | Monitor Suite | Converge | STRIPES Leadership
No Result
View All Result
ABF Journal
Forward for Specialty Finance
SUBSCRIBE
Lender & Services Directory
  • News
    • People
    • Economy
    • All News
  • Deals
  • Magazine
    • Magazine Issues
    • Nominations
  • Features
  • Recruiting
  • Events
  • Advertise
  • Contact Us
  • News
    • People
    • Economy
    • All News
  • Deals
  • Magazine
    • Magazine Issues
    • Nominations
  • Features
  • Recruiting
  • Events
  • Advertise
  • Contact Us
No Result
View All Result
ABF Journal
No Result
View All Result
Home Deal Announcements

Silicon Valley Bank Provides $75MM in Debt Financing to Evolv Technology

byPhil Neuffer
December 22, 2022
in Deal Announcements

Evolv Technology, a provider of artificial intelligence-based weapons detection security screening, closed a $75 million non-dilutive debt financing facility with Silicon Valley Bank.

“Today’s announcement is consistent with our previously disclosed capital allocation plans,” Mark Donohue, CFO of Evolv Technology, said. “We believe the non-dilutive capital from this debt facility will further strengthen our already strong balance sheet and support our rapidly growing subscription business. Evolv Express is the industry’s leading AI-based weapons detection solution and is comprised of highly advanced hardware and software, which we deliver to our customers through long-term subscription contracts. We believe this program with Silicon Valley Bank will enable us to offset any cash we deploy to fund these hardware purchases from our contract manufacturer, enabling us to operate a capital free SaaS model while more effectively supporting our long-term growth plans.”

“Silicon Valley Bank is pleased to continue to work with Evolv Technology and support its continued growth,” Yvonne McCague, managing director at Silicon Valley Bank, said. “Evolv Express is deployed at over 400 customers across education, healthcare, professional sports and various other markets. The program announced today is designed to significantly reduce the capital required to support Evolv Technology’s growth plans while also supporting its mission to make a safer world for people to live, work, learn and play.”

Previous Post

Valley National Bank Agents $71.5MM Loan for Trulieve Cannabis

Next Post

Wells Fargo and Regions Bank Increase eCapital’s Syndicated Bank Facility

Related Posts

Advanced Power Closes $100M Corporate Credit Facility
Deal Announcements

Fervo Energy Secures $421MM in Non-Recourse Project Financing for Cape Station

March 23, 2026
Deal Announcements

Assembled Brands Partners with Swag Golf to Fuel Global Omnichannel Expansion

March 23, 2026
Deal Announcements

CB&I Upsizes Credit Facility to $400MM with Bank Syndicate

March 23, 2026
Advanced Power Closes $100M Corporate Credit Facility
Deal Announcements

Chicago Atlantic Agents Senior Secured Facility to Support Acquisition of Lionel by Round 2

March 20, 2026
Deal Announcements

Versant Funds $5MM Non-Recourse Factoring Facility to Service Provider

March 20, 2026
Deal Announcements

SouthStar Capital Provides $500K A/R Financing Facility for Low-Voltage Services Provider

March 20, 2026
Next Post

Wells Fargo and Regions Bank Increase eCapital’s Syndicated Bank Facility

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

The Tug-of-War Between Syndicated Loans and Direct Lending

Direct Lending and BSL Markets: The Battle for Middle Market Share
byLisa Rafter
March 5, 2026
ShareTweetSend

About Us

For over 50 years, RAM Holdings’ brands have led the commercial finance industry in publishing, talent development, research and events. ABF Journal’s audience is comprised of as many as 18,000 specialty finance industry executives, private equity investors, investment bankers, advisors, service providers and more.

Our Brands

  • Secured Research
  • Equipment Finance Originator
  • Monitor
  • Monitor Suite
  • Converge
  • STRIPES Leadership

 

Learn More

  • Advertise
  • Magazine
  • Contact Us

Newsletter

Driving specialty finance forward for decades with insights, recognition and deals. Sign up now.

SUBSCRIBE >>

© 2025 RAM Group Holdings - A Leading Commercial Finance Publishing Group For Over 50 Years

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • News
    • People
    • Economy
    • All News
  • Deals
  • Features
  • Magazine
    • Magazine Issues
    • Nominations
  • Events
  • Advertise
  • Contact Us
Provider Directory >>

© 2025 RAM Group Holdings - A Leading Commercial Finance Publishing Group For Over 50 Years