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Last updated on April 18, 2014 at 10:25 EDT

Latest SVB Financial Group Stories

2013-02-14 08:37:00

SANTA CLARA, Calif., Feb. 14, 2013 /PRNewswire/ -- Silicon Valley Bank, financial partner to technology, life science and cleantech companies worldwide, found that while the vast majority (87%) of startups are hiring, equal numbers are struggling to find enough people with the skills they need to grow. The report is derived from anecdotes from numerous startup companies and the results of Silicon Valley Bank's fourth annual Startup Outlook study, a survey of startup companies nationwide. See...

2013-01-15 12:27:49

ALEXANDRIA, Va., Jan. 15, 2013 /PRNewswire/ -- On December 28, 2012, Oxford Finance LLC ("Oxford"), a specialty finance firm that provides senior debt to life sciences and healthcare services companies, closed a $30 million round of debt financing for Halozyme Therapeutics, Inc. (Halozyme). Silicon Valley Bank also participated in this transaction. "Oxford is very pleased to provide Halozyme capital to support its unique and innovative portfolio of products that addresses therapeutic...

2013-01-15 12:25:43

ST. HELENA, Calif., Jan. 15, 2013 /PRNewswire/ -- Silicon Valley Bank, a leading provider of commercial banking services to the wine industry, releases its Annual State of the Wine Industry Report in a live broadcast from SVB TV studios today. The report captures trends and addresses current issues facing the U.S. wine industry, offering unique data and observations that help wine business owners and managers think critically about their strategies. (Photo:...

2012-12-31 08:22:14

SAN FRANCISCO, Dec. 31, 2012 /PRNewswire/ -- CrowdOptic, a maker of crowd-driven mobile applications, announced today that it has closed additional debt financing from Silicon Valley Bank. The company will use the financing for product and market expansion, to capitalize on runaway demand for its mobile technology, and to deliver an end-to-end mobile enterprise solution based on its core mobile enterprise technology platform. In July 2011, CrowdOptic introduced the first technology that...

2012-09-18 22:21:09

IRVINE, Calif., Sept. 19, 2012 /PRNewswire/ -- Aviir Inc., a biotechnology company dedicated to the prevention of cardiovascular disease through innovative laboratory tests, announced today that it has secured $5 million in growth debt capital and a $3 million line of credit on receivables from Silicon Valley Bank to accelerate commercialization activities and infrastructure build-out for its cardiac risk assessment portfolio of laboratory tests targeted at fostering cardiac disease...

2012-09-12 06:36:20

SAN FRANCISCO, Sept. 12, 2012 /PRNewswire/ -- Zendesk, the proven cloud-based customer service software provider, today announced the completion of $60 million of new financing. "This new funding allows us to invest aggressively in global expansion, top-notch talent, and technology innovation," said Mikkel Svane, Zendesk CEO and founder. "Today's introduction of the 'new Zendesk' demonstrates how we are changing the face of customer service forever." Redpoint Ventures led the $45 million...

2012-09-12 06:31:55

ALEXANDRIA, Va., Sept. 12, 2012 /PRNewswire/ -- Oxford Finance LLC ("Oxford"), a specialty finance firm that provides senior debt to life sciences and healthcare services companies, today announced a $15 million round of debt financing for XDx, Inc. Silicon Valley Bank acted as co-lender in this transaction. Proceeds of the loan will be used for working capital and to fund the development of new diagnostic applications using XDx's molecular expression technology. "XDx is a pioneer in the...

2012-09-04 02:37:23

PRINCETON, N.J., Sept. 4, 2012 /PRNewswire/ -- Snap MyLife, Inc., a fast-growing developer of cloud-service mobile applications for consumers, today announced that the company has received a $3 million term loan from Silicon Valley Bank. Snap MyLife, Inc. will use the cash infusion to drive ongoing growth and customer acquisition initiatives. The current term loan is the latest transaction in a long-term partnership. A top tech company financer, Silicon Valley Bank has extended debt to Snap...

2012-07-19 02:26:31

SANTA CLARA, Calif., July 19, 2012 /PRNewswire/ -- Silicon Valley Bank, financial partner to technology and life science companies and their investors worldwide, released a study today that examines the merger and acquisition behavior of private, venture capital-backed biotech and medical device companies. (Photo: http://photos.prnewswire.com/prnh/20120719/SF42867) (Logo: http://photos.prnewswire.com/prnh/20100106/SF32918LOGO) Based on an analysis of private merger or acquisition...

2012-06-21 06:23:39

ALEXANDRIA, Va., June 21, 2012 /PRNewswire/ -- Oxford Finance LLC ("Oxford"), a specialty finance firm that provides senior debt to life sciences and healthcare services companies, today announced it was the lead lender for a $30 million debt facility to Avanir Pharmaceuticals, Inc. Silicon Valley Bank also participated in this transaction. Proceeds of the loan will be used for the expansion of the company's product line and working capital. "Avanir Pharmaceuticals' seasoned management...