Prescription Eyewear, parent company of myOptique.com, SunglassesShop.com and GlassesDirect.com, has added LensOn, a Nordic online contact lens seller, to its portfolio. The acquisition was financed by Prescription Eyewear’s existing venture capital investors Acton Capital Partners, Highland Capital Partners and Index Ventures. Additional funding was received from GP BullHound Sidecar, Silicon Valley Bank and Kreos Capital.
You are browsing the archive for Silicon Valley Bank - 2/8 - peHUB.
A spun-off Silicon Valley VC sees one of its co-founders leave to launch a secondary tech investment fund. Founders Circle Capital is on the way to a new fund–which puts Panorama Capital’s future in question.
Silicon Valley Bank has appointed Bindi Karia to the bank’s UK Branch to lead its efforts in the early stage accelerator space. Karia, currently the venture capital/emerging business lead at Microsoft UK, will begin the newly created role in January 2013, reporting to Phil Cox, head of EMEA & India and president of the bank’s UK branch.
Digital media and content platform Martini Media has appointed Gagan Saksena as chief technology officer. Additionally, the company has hired Scott Graham as VP of Eastern sales. Headquartered in San Francisco, Martini Media is backed by Venrock, Reed Elsevier Ventures, Silicon Valley Bank and Granite Ventures.
Punchbowl.com said it secured $1.5M in debt financing from Silicon Valley Bank. The company has previously raised $4 million in equity financing and has Contour Venture Partners and Intel Capital as backers.
Biotechnology company Aviir 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. Aviir was founded in 2005 by cardiologists and scientists from the Stanford University School of Medicine to focus on discovery, development and commercialization of innovative diagnostic tests.
Oxford Finance has announced a $15 million round of debt financing for XDx. Silicon Valley Bank acted as co-lender in this transaction. XDx is based in Brisbane, California and is a molecular diagnostics company. Proceeds of the loan will be used for working capital and to fund the development of new diagnostic applications.
Financial marketplace SharesPost has appointed Sven Weber as managing director of investment management. Weber will lead SharesPost’s registered investment advisor, SP Investment Management, which manages funds investing in leading private growth companies. Before joining SharesPost, Sven served as president of SVB Capital at Silicon Valley Bank, where he managed the company’s venture capital investing business, [...]
Who said there’s no liquidity in life science venture investment? Certainly not Silicon Valley Bank, which says now is a great time for making new biotech and medical device investments – and for exiting existing ones.
Horizon Technology Finance Corporation, a specialty finance company and Silicon Valley Bank have provided an $8 million venture loan facility to Semprius, a developer of high concentration photovoltaic solar modules. Under the terms of the facility, Horizon provided a commitment of $5 million to and SVB provided a commitment of $3 million. PRESS RELEASE Horizon [...]