The Latest Breaking News from SVB Capital

The strange case of SVB Capital

Hundreds of pages of bankruptcy filings reviewed by Term Sheet outline the bizarre limbo the VC unit finds itself in.

Fortune · Apr 10, 2023

Jason Lee's last startup to launch in a month

Jason Lee's last startup was DailyPay, which raised over $1 billion, including $175 million in equity capital and the remainder in a revolving credit facility and a term loan. (SVB Capital, the venture capital and credit investment arm of SVB Financial Group, provided a small portion of the DailyPay term…

Fortune · Mar 29, 2023

Lehman Brothers offers clues for fate of SVB Capital

Lehman’s venture capital arm is still around today.

Fortune · Mar 20, 2023

Silicon Valley Bank’s parent company files for bankruptcy following sudden collapse

SVB Financial Group is filing for Chapter 11 bankruptcy protection

The Independent UK · Mar 17, 2023

SVB is getting diced up for potential buyers

Investment banking, venture capital and more are on the block, but senior management are out the door.

Fortune · Mar 14, 2023

SVB’s other businesses are on the block: What’s for sale and who may be a buyer?

SVB Financial named a restructuring committee to seek out alternatives for its non-banking units.

Fortune · Mar 14, 2023

SVB puts its $10 billion venture arm up for sale

SVB Capital blasted a letter, seen by Fortune, to its limited partners via email Monday morning, saying it was “continuing to operate” following the closure of the bank.

Fortune · Mar 13, 2023

Tomo Raises $40M Series A, Putting It In Reach Of $1B Valuation

Tomo secured a $40 million Series A led by SVB Capital and doubled its valuation to $640 million. Round participants include Ribbit Capital, NFX, Telesoft, Zigg Capital and Parker89.

Benzinga · Mar 23, 2022