DENVER, Jan. 21, 2020 /PRNewswire/ -- Silicon Valley Bank
(SVB Financial Group, NASDAQ: SIVB), the bank of the world's most
innovative companies and their investors, today announced the
opening of its new office in downtown Denver. SVB has played a key role in building
and supporting the technology, life science and investor community
in Colorado since 1996 when it
opened an office in Boulder.
"SVB is a vital part of the fabric of the Colorado innovation economy," said
David Cohen, Founder of Techstars.
"They have a deep understanding of the needs and challenges of
local technology and life science companies and are committed to
helping them achieve their goals. We're proud of our continued
partnership with SVB and their unwavering support of Techstars and
our portfolio companies."
"With $2.03 billion raised in
venture capital in 2019 and more companies expanding into the
region, Colorado continues to
rightfully attract the attention of investors and founders," said
Josh Dorsey, Managing Director at
Silicon Valley Bank. "We knew Colorado was a special place more than two
decades ago when Greg Becker, our
current CEO, moved from Silicon Valley to Boulder to open our first office here. Since
then we've had an incredible opportunity to help build and support
innovation and entrepreneurship throughout the state and are
thrilled to continue to work with founders and investors from our
new Denver office."
With the move to the Tabor Center at 1200 17th
Street, the Denver office will
house 50 employees with space for planned future growth.
Denver serves as a leadership hub
for credit administration and several SVB teams, including the
Global Fund Banking team serving the Rocky Mountains, the Central
US, the Pacific Northwest and Canada, and the Central US Life Sciences
team. Led by Mark Thylin, the
Global Fund Banking Team works with venture and private equity
firms, including local firms Foundry Group, Platte River Equity,
Resource Capital Funds and Techstars Ventures. Managing Director
Tom Hertzberg and his team of
healthcare bankers provide financial services to fast-growing local
companies such as Clovis Oncology, Inscripta, Array Biopharma and
ArcherDX. In addition, Mike
Devery, head of the Strategic Capital Group, provides
mezzanine and convertible debt to growth stage technology
companies.
The downtown office features an event space for SVB-hosted and
industry events and a board room with video conferencing for use by
SVB clients and local non-profits supported by SVB. With 12 ski
resorts within a two hour drive, the office also offers ski lockers
and a home base for founders, CEOs and investors visiting the area
and looking to hit the slopes.
Silicon Valley Bank serves innovative companies and their
investors around the world, from life science to healthcare,
venture capital to private equity and tech. SVB banks half of all
venture-backed companies in the U.S. and is one of the
fastest-growing companies in the world. By providing innovative
banking products with an entrepreneurial spirit and advancing
issues that align with its mission, SVB fosters innovation all over
the globe.
About Silicon Valley Bank
For more than 35 years,
Silicon Valley Bank (SVB) has helped innovative companies and their
investors move bold ideas forward, fast. SVB provides targeted
financial services and expertise through its offices in innovation
centers around the world. With commercial, international and
private banking services, SVB helps address the unique needs of
innovators. Learn more at svb.com.
©2020 SVB Financial Group. All rights reserved. SVB, SVB
FINANCIAL GROUP, SILICON VALLEY BANK, MAKE NEXT HAPPEN NOW and the
chevron device are trademarks of SVB Financial Group, used under
license. Silicon Valley Bank is a member of the FDIC and the
Federal Reserve System. Silicon Valley Bank is the California bank subsidiary of SVB Financial
Group (Nasdaq: SIVB).
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SOURCE Silicon Valley Bank