Square 1 Bank recruits Churchill as SVP

Square 1 Bank has hired Randy Churchill as senior vice president to lead the company’s tech banking efforts in Los Angeles and Orange County. Previously, Churchill worked at Cooley LLP where he was a founding member and a senior vice president of business development at the company’s LA office.


Horizon backs InVisage

InVisage has received a venture loan facility led by Horizon Technology Finance Corp. No financial terms were disclosed. Square 1 Bank also participated in the financing. Based in Menlo Park, Calif., InVisage is a advanced materials and imaging platform firm.

Square 1 Bank increases credit facility to $6 mln for Accelerize

Accelerize New Media, a provider of marketing tech solutions, has received an increase in its credit facility from Square 1 Bank. The loan is now at $6 million from $3 million. According to the company, the financing will be used for marketing and sales of Accelerize’s newly launched product CAKE for Advertisers.


Formation Data Systems snags $24.2 mln Series A

Formation Data Systems has raised $24.2 million in Series A funding, a company spokesperson confirmed. Pelion Venture Partners led the round with participation from other investors that included Dell Ventures, Third Point, Mayfield Fund and Square 1 Bank. Headquartered in Fremont, Calif., Formation Data Systems is a data management and storage platform.

Oxford Finance, Square 1 provide $10 mln to Tarsa Therapeutics

Oxford Finance and Square 1 Bank have provided a $10 million senior credit facility to biopharmaceutical company Tarsa Therapeutics. The company plans to use the proceeds to help file a drug application with the U.S. Food and Drug Administration for medication to treat post-menopausal osteoporosis, targeted for early 2015. Tarsa also announced biopharmaceutical veteran Daniel Soland has joined the company’s board.


Cybersecurity firm EdgeWave picks up $11 mln

EdgeWave said Tuesday that it has secured $6 million in Series A funding from TVC Capital. In addition to the funding, EdgeWave has also received a $5 million credit facility from Square 1 Bank. Based in San Diego, EdgeWave is a cybersecurity firm.

VC-backed Vascular Pathways nabs $5 mln from Square 1 Bank

Square 1 Bank has provided a $5 million credit facility to Vascular Pathways. Backed by CHL Medical Partners, Ascension Health Ventures and MVM Life Sciences, Vascular Pathways is a medical device maker that specializes in wire-guided peripheral Intravenous catheter technology.

Square 1 Bank backs NutraMed

Square 1 Bank has provided a $12.5 million credit facility to NutraMed, a manufacturer of nutraceuticals and dietary supplements. Proceeds from the facility will be used in conjunction with an equity investment from Ampersand Capital Partners for acquisition financing and working capital.

Square 1 Banks Provides $3 Mln Term Loan to SteadyMed

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.

Dammeyer Joins Square 1 Bank

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 Appoints Senior VP and MD

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.

New Hires at Square 1 Bank

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.

MapMyFitness Raises $3 Million More

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, […]

iScience Interventional Secures Debt Facility from Square 1 Bank

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 Appoints Silicon Valley Head

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 […]

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