Founded in 1983, Silicon Valley Bank (SVB) headquartered in Santa Clara, CA is the largest bank in Silicon Valley. It is the California bank subsidiary of Nasdaq listed SVB Financial Group (Nasdaq: SIVB). SVB is a member of the Federal Reserve System and FDIC. Initially, the bank collected deposits from venture-backed companies and then later expanded into venture financing and offering banking services to start-ups. Over the years the bank has helped raise capital for over 35,000 start-ups. The bank has expanded into other locations and has operations in cities such as London, Tel Aviv, Frankfurt, Beijing and Bangalore.
SVB maintains best in class operating standards in its core purpose of funding start-ups and consequently helping them access a range of important financial services as they mature. It is thus no surprise that the Export-Import Bank of the United States named them Bank of the Year in 2011. Also, it has been recognized by Forbes as one of the places to work in. SVB is a leader in workplace gender balance and is a member of the Bloomberg Gender-Equality Index.
Over the years SVB has worked with various high profile start-ups enhancing their reputation as an adequately capitalized bank that provides tailor-made solutions for young businesses. Some of the high-growing and famous start-ups they have worked with include Jive, Pinterest and Cloudera.
Financing start-ups, private banking for venture capitalists and supporting maturing start-ups with various banking facilities have been the main areas SVB has concentrated on. Specifically, SVB offers banking amenities for life science and technology companies. It also offers credit solutions, international banking, commercial banking, debt financing, foreign exchange solutions and treasury management services for start-ups.
SVB offers early-stage start-ups banking solutions such as online banking, company debit cards, wire transfers, cash management, account alerts, connection to third party accounting applications and fraud detection. For scaling businesses, SVB provides tailored services such as Outgoing ACH payments, remote deposit capture and payment automation through ERPs.
SVB continuously works with start-ups through their entire journey. It helps founders prepare for fundraising by designing the right financial structure when launching. As the businesses gain traction and growth accelerates SVB provides essential services such as venture debt, working capital, receivables and payables solutions that allow the businesses to take advantage of new opportunities without worrying about equity dilution or cash flow deficiencies.
For mature start-ups with considerable scale, SVB continues to support their businesses by offering foreign exchange solutions to support operations in foreign countries. Also, for those in need of capital boosts SVB partners with them to arrange syndicated debt deals. SVB helps growing start-ups using acquisitions to enter into new markets or acquire customers SVB by providing acquisition financing and recapitalization.
Finally, Silicon Valley Bank has a wealth of experience in private equity having operated in venture financing since 1983. Their dedicated team help clients navigate their funds by managing their capital requirements, offering advice on streamlining operations, providing connections to industry actors and providing strategic insights on deals.
Silicon Valley Bank (SVB) has been at the center of innovation for decades. Over the years SVB has provided financing, banking and consulting to start-ups in the software, life sciences, internet, hardware, energy and venture sectors. Their broad expertise is underlined by having 50% of venture-funded life science and technology companies in the US as their clients in 2019. Start-ups and venture funds have a perfect financing and banking partner in SVB.