Silicon Valley Bank Archives

Silicon Valley Bank Provides $30MM Warehouse Credit Facility to Stride Funding

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.

October 22, 2021 Nick Christian | Rahim Fazal | Silicon Valley Bank | Stride Funding Ian Koplin

Silicon Valley Bank Provides $25MM Debt and Working Capital Facility to Ubicquia

Ubicquia, a provider of smart city, connectivity and smart grid solutions, entered a $25 million debt and working capital facility with Silicon Valley Bank.

September 24, 2021 Dale Kirkland | Ian Aaron | Silicon Valley Bank | Ubicquia Ian Koplin

Silicon Valley Bank Increases CareCloud’s LOC to $20MM

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.

September 23, 2021 Bill Korn | CareCloud | Silicon Valley Bank Ian Koplin

Netmarble, Kabam & Fortress Provide $350MM Equity & Debt Financing to Support Jam City Acquisition

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.

Silicon Valley Bank Delivers $200MM in Financing for Organogenesis

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.

Silicon Valley Bank Provides $130MM Debt Facility to Soltage

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.

July 28, 2021 Bret Turner | Silicon Valley Bank | Soltage | Sripradha Ilango Ian Koplin

Silicon Valley Bank Provides $100MM Warehouse Facility to Libertas Funding

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.

July 16, 2021 Libertas Funding | Nick Christian | Randy Saluck | Silicon Valley Bank Ian Koplin

Oxford Finance and SVB Provide $50MM Debt Facility to Impel NeuroPharma

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 Acquires Boston Private Financial Holdings

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.

JPMorgan Chase Agents $75MM Revolver for PLAYSTUDIOS

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.

June 28, 2021 Andrew Pascal | JPMorgan Chase Bank | PLAYSTUDIOS | Silicon Valley Bank | Wells Fargo Securities Ian Koplin

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