Stride Funding secured $30 million of low-cost education financing from Silicon Valley Bank. Stride will use the warehouse credit facility to fund upskilling programs for graduates of SV Academy, a skills and employment platform for jobseekers transitioning into technology sales and customer success careers.
Ubicquia, a provider of smart city, connectivity and smart grid solutions, entered a $25 million debt and working capital facility with Silicon Valley Bank.
Silicon Valley Bank increased the secured line of credit of CareCloud, which is currently untapped, to $20 million to support future growth. The term of the line of credit was also extended by two years to Oct. 13, 2023.
Jam City, a mobile entertainment company, completed the acquisition of mobile game studio Ludia from Fremantle for $165 million. Jam City raised $350 million in equity and debt financing from Netmarble, Kabam and affiliates of funds managed by Fortress Investment Group.
Organogenesis Holdings, a regenerative medicine company, entered into a credit agreement with Silicon Valley Bank and several other lenders. The agreement provides for a credit facility in the aggregate principal amount of $200 million.
Soltage, an independent renewable power producer, raised a $130 million debt facility led by Silicon Valley Bank. The investment will finance a 110 MW national portfolio of projects across six states, including North Carolina, South Carolina, Maine, Illinois, Virginia and Maryland.
Libertas Funding, a technology-enabled specialty finance company that provides funding solutions to small and medium-sized businesses, entered into a warehouse financing agreement of up to $100 million with Silicon Valley Bank.
Impel NeuroPharma, a late-stage biopharmaceutical company, closed a $50 million debt facility with Oxford Finance and Silicon Valley Bank. The first $20 million of the facility was funded at closing.
SVB Financial Group, the parent of Silicon Valley Bank, completed the acquisition of Boston Private Financial Holdings, the parent company of Boston Private Bank & Trust.
PLAYSTUDIOS, a developer of free-to-play casual mobile and social games, entered into a $75 million, five-year secured revolving credit facility to support its future growth initiatives. JPMorgan Chase served as the administrative agent for the transaction.