Square 1 Bank has provided a $3 million term loan to SteadyMed Therapeutics. Ramon, Calif.-based SteadyMed is a specialty pharmaceutical company backed by KB Partners and Samson Ventures. SteadyMed plans to use the proceeds to continue development of its PatchPump technology and complete clinical trials for FDA Approval, according to a statement.
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Ryan Dammeyer has joined Square 1 Bank as a VP for the Midwest region. He will be based in Chicago and responsible for building the bank’s portfolio of clients in the technology and life sciences sectors. Previously, Dammeyer was CFO at Liquidus Marketing.
Square 1 Bank, a banking partner to entrepreneurs and the venture capital community, has appointed Michael Madden as senior vice president and managing director in the Boston office. Madden will be responsible for expanding Square 1 Bank’s presence in the technology market and fostering relationships with entrepreneurs and venture capital firms throughout New England.
Square 1 Bank has provided a $2.25 million debt facility to Carolus Therapeutics, a biopharmaceutical company. The financing will support future growth. The company is backed by Avalon Ventures.
Square 1 Bank has made three recent new hires in Silicon Valley. Benjermin Colombo has been hired as senior vice president, life sciences. Philip Korn has been appointed senior vice president, venture capital relationships/banking. And Timothy J. McDonough has been hired as vice president, venture banking.
One month after announcing a $9 million Series B round led by Austin Venture Partners and Milestone Venture Partners, the Austin-based online health and fitness company MapMyFitness has announced an additional $3 million in financing from Square 1 Bank. The company is also announcing that it has surpassed 10 million registered members. PRESS RELEASE: MapMyFITNESS, [...]
Medical device company iScience Interventional has secured a $5 million debt facility from Square 1 Bank. iScience specializes in the discovery and development of interventional therapies and procedures targeting ophthalmic diseases. PRESS RELEASE Square 1 Bank, the exclusive banking partner to entrepreneurs and the venture capital community, is pleased to provide a $5 million debt [...]
Square 1 Bank, a diversified financial services company, has appointed Sam Bhaumik as an executive vice president and head of Silicon Valley. Bhaumik will be a member of Square 1 Bank’s senior leadership team and brings more than 25 years of debt financing and investment experience. PRESS RELEASE Square 1 Bank, a diversified financial services [...]
Rally Software, the Colorado-based software technology firm, has secured a $20 million round of fundraising from Meritech Capital Partners. Prior investors and debt providers include Mohr Davidow Ventures, Boulder Ventures, Mobius Venture Capital and Vista Ventures as well as Square 1 Bank.
The Mountain View, Calif.-based online business directory and social network MerchantCircle has sold for $60 million in cash and stock after raising $14.3 million over two rounds from Rustic Canyon Partners, Scale Venture Partners, Square 1 Bank, and Steamboat Ventures. The company was purchased by the online advertising business Reply, based in San Ramon, Calif. [...]