Silicon Valley Bank
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Silicon Valley Bank was a U.S.-based high-tech commercial bank founded in 1983.
Silicon Valley Bank was an investment bank in California (with a Canadian branch located in Toronto, at 161 Bay St.) that focused on technology, life science, cleantech, venture capital, private equity, and premium wine businesses. Founded 1983 in Santa Clara, California, United States, it invested in debt, early stage ventures, late stage ventures, private equity, series B, debt financing, series A, post-IPO debt, and seed rounds. Its portfolio companies included Symend, GoExpedi, Glofox, FreeWire Technologies, FORM, AcuityAds, Weee!, Proxy, Pager, and Fastforward.ai. At the time of closing, the US FDIC as receiver, immediately transferred to the DINB all insured deposits of Silicon Valley Bank. All Canadian assets are now held by OSFI.
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