Volusion was able to obtain a 35 million credit facility from Silicon Valley Bank, the first external funding the ecommerce firm received since it was established in 1999.
Tags: Silicon Valley Bank
Silicon Valley Bank report says more UK start-ups prefer acquisition than IPOs
Silicon Valley Bank report shows 59% of UK start-up heads chose to be acquired rather than seek IPOs. Many UK executives consider hiring labours to be more challenging than other business issues.
California Drought Has Affected U.S. Wine Industry
Four years of drought in California is recorded as one of the most severe. The drought has taken effect on U.S. wine industry, as the amount of grape harvested is reduced significantly.
Tidemark upgrades products, receives $32 million funding
Tidemark, a financial forecasting app announced today that it has upgraded its products along with an investment round valued $32 million from investors including Silicon Valley Bank, Redpoint Ventures, Tenaya Capital, Greylock Partners and Andreesen Horowitz.
British cross-border payments startup The Currency Cloud raises $10M in funding
London, UK-based cross-border payments startup The Currency Cloud raised $10 million in a Series B funding round to make international payments smoother and more transparent.
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Through a joint venture formed with Shanghai Pudong Development Bank Co formed in 2012, US-based Silicon Valley Bank looks to meet the demand of investors for China funds.
New York-based innovative learning company EdTech has landed $51 million in a funding round led by London venture firm Atomico to take personalized learning on a global scale.
PaeDae founder and chief executive officer Rob Emrich explained to TechCrunch that it launched a debt-and-equity round instead to be able to obtain a sizeable amount of capital while being able to retain its position as an early acquisition target.
CoreDial announced that it had received a USD 1.5 million senior debt facility from Silicon Valley Bank.
Silicon Valley Bank requested a loan receiver for Alvarion Ltd over a US$3 million debt that the bank says it cannot pay.
Augme Tech gets loan facility from Silicon Valley Bank. Augme Technologies, Inc together with its fully owned subsidiary, Hipcricket, Inc divulged to the public last Friday that it was able to get a credit facility on its accounts receivable from the Silicon Valley Bank.
SVB Financial Group's banking unit Silicon Valley Bank said it plans to lend $100 million to the Irish innovation sector.
SVB Financial Group's banking unit Silicon Valley Bank said it would open its first international branch in London.
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