Silicon Valley Bank

Venture capitalists, Purdue innovations, startups establish winning combination for moving life-changing technologies to public | PRWeb | 7/1/2020

… an impact in the marketplace,” said Purdue alumnus Bruce Schechter, who co-founded Silicon Valley Boilermaker Innovation Group, SVBIG, to support Purdue’s startup creation. According to the investment report “U.S. Startup Outlook 2019” by Silicon Valley Bank , 52% of startups’ funding comes from venture capitalists. The report states that VCs are entrepreneurs’ “go-to source for funding” and that VCs’ greatest interest is in startups developing technologies in artificial intelligence …

Amazon’s $3B embrace of cleantech | 6/28/2020

A new fund, a new arena and a new acquisition for Amazon joins Palantir’s IPO prep, LeBron James, Mark Wahlberg and more in our recap of the week Read online Don’t want to receive these emails? Manage your subscription. PitchBook Log in The Weekend Pitch June 28, 2020 Presented by Silicon Valley Bank On the first day of this summer, temperatures reached 100 degrees in the Arctic Circle. It’s an …

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SVB Supplies $10MM Term Loan to HTG Molecular Diagnostics | 6/26/2020

HTG Molecular Diagnostics Igor DaCruz Shaun McMeans Silicon Valley Bank SVB Supplies $10MM Term Loan to HTG Molecular Diagnostics Silicon Valley Bank replaced HTG Molecular Diagnostics ’ existing senior credit facility with a $10 million senior term loan agreement. HTG will use proceeds from the term loan to pay off its outstanding $7 million principal amount term loan with MidCap Financial and its $3 million principal amount subordinated convertible promissory note …

HTG Molecular Diagnostics Secures Senior Term Loan from Silicon Valley Bank Nasdaq:HTGM | Globe Newswire | 6/25/2020

TUCSON, Ariz., HTG Molecular Diagnostics , Inc. (Nasdaq: HTGM) (HTG), a life science company whose mission is to advance precision medicine, today announced that it has entered into a $10.0 million senior term loan agreement with Silicon Valley Bank (SVB), the bank of the world’s most innovative companies and their investors, to replace its existing senior credit facility. Proceeds from the $10.0 million senior term loan have been used to pay …

Endeavor Selects Nine Entrepreneurs Leading Five Companies at the Fourth Virtual International Selection Panel | 6/25/2020

… entrepreneurs leading 1,295 companies in 37 markets around the world (read more about the newly selected entrepreneurs below). The Virtual ISP was presented by Softbank, with additional support from AXA, Bain, Cooley, EY, HSBC, Silicon Valley Bank , and Zoom. Typically held eight times per year, the ISP is the culmination of a rigorous multi-step selection process to identify high-impact entrepreneurs who demonstrate the potential to leverage Endeavor’s resources …

Canada transformed itself as a global tech player over the past decade. How can Canadians everywhere help sustain momentum now? | Medium | 6/24/2020

… Marianne Bulger (Founder & CEO, Prospect), Craig Wright (Chief Economist, RBC), David Rozin (VP & Head, Technology and Innovation Banking, Scotiabank), Martin Philipp (Senior Manager, Operations Support VC, BDC Capital), Win Bear (Head of BD Canada, Silicon Valley Bank ), and Paul McKinlay (Managing Director, CIBC Innovation Banking). Since C100’s founding 10 years ago, our community has had the honour of both cheering on and participating in the remarkable transformation of Canada’s …

15 lesser-known pandemic relief grants business owners and entrepreneurs can apply to this summer to recover and reopen | 6/23/2020

… Alice COVID-19 Emergency Grant offers six rounds of emergency assistance grants, reviewed monthly, for businesses severely impacted by COVID-19. The total amount available is unclear, but the fund receives support from Verizon, Silicon Valley Bank , Ebay, and others, according to its site. To date, Hello Alice has awarded grants to 65 small businesses. Who’s eligible: Any business owner 18 years or older based in the US. Preference given …

A brief history of venture debt | 6/23/2020

… cash flows necessary to secure traditional debt financing. To get around this obstacle, a handful of lenders began offering equipment financing, which soon became known as venture leasing. In the 1980s and early 1990s, Silicon Valley Bank (SVB) and a few other banks and boutique leasing firms arrived on the scene and expanded on venture leasing using a simple model. They began providing loans to startups that, while still light …

How to Give and Get Help: COVID-19 Resources | 6/18/2020

… the help you need, with charitable organizations, volunteer programs, resources to understand the CARES Act and much more. How You Can Help: Giving to Charities Multi-Sector Charitable Funds ORGANIZATION HOW IT COULD HELP Silicon Valley Bank COVID-19 Response Fund This fund is dedicated to stopping the spread of COVID-19, supporting medical response, and mitigating the social cost of this pandemic by providing relief to affected families. Center …

New sessions announced at TC Early Stage from Dell, Perkins Coie and SVB | TechCrunch | 6/16/2020

… maintain IP hygiene can add value during an equity financing and to your enterprise. Is your startup covered? What founders need to know about litigation and fraud in uncertain times brought to you by Silicon Valley Bank Is your startup protected from litigation or fraud? Are your directors and officers personally covered? Liability coverage is crucial for any startup founder. In this educational presentation, Travis Hedge, co-founder of Vouch …

VC world aims to make itself less white and male | Crain’s New York Business | 6/16/2020

… We will work to ensure that the VC industry takes honest account as we look to the future.” Related Article Why there still is no female big bank CEO The initiative is backed by Silicon Valley Bank , Deloitte and law firm Gunderson Dettmer. Financial institutions have pledged for many years to diversify their workforces and client bases, with results perhaps best described as mixed. On Tuesday Morgan Stanley’s former global …

Venture Capital’s Top Trade Group Launches Venture Forward, Non-Profit With A Diversity Focus | Forbes | 6/16/2020

… a 501(c)(3) non-profit organization with close links to the NVCA but a separate board of directors. Venture Forward has raised $5.5 million from more than 60 donors so far led by Silicon Valley Bank , says executive director Maryam Haque. While Venture Forward calls diversity, equity and inclusion one of the founding “pillars” of its mandate, the non-profit’s origins pre-date the recent Black Lives Matter protests …

Covid-19 Hub June: Why younger drinkers key to on-trade re-opening | 6/9/2020

… own label products within convenience has risen 6pp to 24% in 2020. You can click here to find out more about our new UK Convenience Market Report 2020. June 17 Chart of the Day: Silicon Valley Bank on wineries and consumer data Restaurants and wine merchants urged to get behind Bordeaux Wine Month The third Bordeaux Wine Month is being held in September where wine merchants and the trade have …

Senior Leader Interview - Katherine Andersen | 6/9/2020

… Relationship Banking at SVB, which covers growth companies from Series A investment all the way up to Middle Market. She also sits on the Board of Directors for SVB’s Joint Venture in China, SPD Silicon Valley Bank . Her team spans the U.S. and focuses on providing advice and delivering specialized solutions in the areas of biotech, tools, diagnostics, healthcare services and IT, medical devices and digital health. Katherine was raised …

Silicon Valley Bank Appoints Paul Parisi to Lead Canadian Business | 6/3/2020

Business World Silicon Valley Bank Appoints Paul Parisi to Lead Canadian Business TORONTO: Silicon Valley Bank (SVB), the bank of the world’s most innovative companies and their investors, today announced the appointment of Paul Parisi as its new Head of Canada, effective today. In this role, Parisi, formerly the president of PayPal Canada, will provide leadership and strategic oversight for all of Silicon Valley Bank ‘s activities in Canada, including business …

Top 10 robotics stories of May 2020 | 6/3/2020

Whether it was learning about the new Moxie companion robot or the release of Spot 2.0 from Boston Dynamics, there was no shortage of robotics stories to cover in May 2020. Here are the Top 10 most popular robotics stories on The Robot Report in May 2020. Subscribe to The Robot Report ‘s weekly newsletter to stay updated on the robotics stories you need to know about. 10. SVB study …

The Future Of Payments Beyond The Pandemic | 6/1/2020

… prevention, banking and financial technology discussed one sure bet: “Digital optional” is no option as we move toward contactless commerce. Panelists included Mark Standfield , president at Midigator ; Imran Hajimusa , head of Payments Platform at Silicon Valley Bank ; Jim McCarthy , president at i2c ; Mike Massaro , CEO at Flywire ; Drew Edwards , CEO at Ingo Money ; and Rob Eberle , CEO at Bottomline Technologies . “Payments are going to really exist in the context of …

The smart Trick of medical dispensary boulder That No One is Discussing | 5/29/2020

The smart Trick of medical dispensary boulder That No One is Discussing The smart Trick of medical dispensary boulder That No One is Discussing Category: Blog All of it commenced when Kennedy worked at Silicon Valley Bank and used 5 years Listening to Many enterprise capital pitches. One of those pitches was about medical marijuana and he turned fascinated with the market.The most important and most thorough high quality membership …

ŠKODA V-SERIES Women’s Tour announced | 5/29/2020

… Durango; Boels Dolmans Cycling Team; CAMS Tifosi; Cogeas Mettler Look Pro Cycling; Drops; FDJ Nouvelle Aquitaine Futuroscope; Great Britain; Hitec Products Birk Sport; Lotto Soudal Ladies; Rally Cycling; Storey Racing; Team Breeze; Team TIBCO Silicon Valley Bank ; and Trek-Segafredo all competing for victory. Members of the public will also have the chance to ride the three routes with a suggested donation of £5 to raise money for Breast Cancer …

Disrupted dreams — The pandemic view from a bank that serves half the country’s startups | The Business Journals | 5/15/2020

TechFlash Editor, Silicon Valley Business Journal May 18, 2020, 6:26am PDT Before the Covid-19 crisis, Silicon Valley Bank hadn’t done a Small Business Administration loan since the 1990s. Now, it has processed 5,500 of them — more than $2 billion in loans — through the Paycheck Protection Program in the past six weeks. About 70 percent of the applications processed through SVB were approved, the bank said. “ We have never seen …

TRACON Pharmaceuticals Reports First Quarter 2020 Financial Results and Provides Corporate Update | Globe Newswire | 5/13/2020

… to develop and commercialize TRC253 in an earlier line of treatment in China, where the androgen receptor inhibitors Xtandi and Erleada are not widely accessible. In April, TRACON entered into a deferral agreement with Silicon Valley Bank to defer principal payments for six months, which is expected to extend TRACON’s cash runway further into the first quarter of 2021. In March, TRACON’s licensee Santen announced the discontinuation of DE-122 …

Aclaris Therapeutics Reports First Quarter 2020 Financial Results and Provides R&D and Business Highlights | Globe Newswire | 5/7/2020

… on immuno-inflammatory diseases, today announced its financial results for the first quarter of 2020 and provided research and development (R&D) and business highlights. “In the first quarter, we borrowed $11 million from Silicon Valley Bank enabling us to extend our cash runway, and started enrolling subjects with moderate-to-severe rheumatoid arthritis in our Phase 2a trial of ATI-450. As a result of the COVID-19 pandemic …

Treasury Prime raises $9M to bring its banking APIs to market | TechCrunch | 5/5/2020

… word that came to mind during the description was byzantine. Treasury Prime wants to take processes that could require days of work and get it done in minutes. Dean previously sold a company to Silicon Valley Bank (SVB), where he started the work that would become Treasury Prime. After working to build internal tech to accelerate SVB’s internal processes, he eventually left and built a startup off the idea. Now …

Pager Completes System and Organization Controls (SOC) 2® Type I Audit Examination | PR Newswire | 4/28/2020

… I report, is the latest highlight in a series of key market events for Pager which closed a $33M equity and debt funding in February led by Horizon BlueCross BlueShield, Health Catalyst, Goodwater Capital, Silicon Valley Bank . Additionally, Pager recently rolled out a new COVID-19 rapid response, forward triage solution with Horizon BlueCross BlueShield of New Jersey to alleviate the strain on the New Jersey health system in light …

Start-ups pursue ‘free money’ with relief funds, prompting backlash - Chicago Tribune | 4/27/2020

… a sales software startup that has raised $238 million and is valued at $1.1 billion, said his board of directors and bank had initially pushed him to apply for a loan. His contacts at Silicon Valley Bank told him that the program would be a “free-for-all” and a “run to the money,” he said. Outreach did not apply, he said, but “there was some real pressure.” Julia Thompson …

Digital Health

Venture capitalists, Purdue innovations, startups establish winning combination for moving life-changing technologies to public | PRWeb | 7/1/2020

… Silicon Valley Bank, 52% of startups’ funding comes from venture capitalists. The report states that VCs are entrepreneurs’ “go-to source for funding” and that VCs’ greatest interest is in startups developing technologies in artificial intelligence, big data, cybersecurity, life sciences and digital health. “Those types of technologies are exactly what a research institution like Purdue excels in,” Schechter said. “That explains why they are and should be interested in …

Clinical Data

TRACON Pharmaceuticals Reports First Quarter 2020 Financial Results and Provides Corporate Update | Globe Newswire | 5/13/2020

… the androgen receptor inhibitors Xtandi and Erleada are not widely accessible. In April, TRACON entered into a deferral agreement with Silicon Valley Bank to defer principal payments for six months, which is expected to extend … of TRACON. “We look forward to the presentation of envafolimab clinical data by our corporate partner, 3D Medicines, at ASCO, enrolling the first ENVASARC patient in the second half of this year, and potentially becoming …

COVID-19

Silicon Valley Bank Expands COVID-19 Response & Community Support | 4/27/2020

SANTA CLARA, Calif. , April 27, Silicon Valley Bank (SVB), the bank of the world’s most innovative companies and their investors, today announced the expansion of its COVID-19 Response & Community Support initiatives designed to support clients with financial hardships, help stabilize the broader innovation economy and provide on-the-ground relief in communities around the world in which SVB operates. SVB continues to offer a variety of debt relief options …

Telehealth

Pager’s all-in-one care coordination app secures $33M in equity, debt financing | MobiHealthNews | 3/6/2020

… of New Jersey as well as returning institutional investors Goodwater Capital, Three Fields Capital, New Enterprise Associates and Lux Capital. Silicon Valley Bank provided the debt financing. WHAT THEY DO Pager’s platform seeks to guide … first push beyond the US . Tags: pager , care coordination app , telehealth , virtual care , digital health funding More regional news …

Healthtech

5 health IT companies with IPOs in 2019 ended the year with $900M+ market cap | Becker’s Hospital Review | 2/12/2020

There were five health technology companies that initiated IPOs last year that ended the year at $900 million-plus market cap, according to the Silicon Valley Bank HealthTech Report . The companies include: 1. Livongo , which reported a $2.3 billion market cap by the end of the year despite share price dropping 14 percent from its launch date on July 25. 2. Progyny , which also reported $2.3 billion market cap and …

NIH

AiCure’s strategy of providing data for life sciences reinforced by record economic momentum | PR Newswire | 1/14/2020

Silicon Valley Bank (SVB) and the National Institutes of Health (NIH) Increased worldwide patent portfolio to 67 issued and allowed patents and 110 filed. Examples of industry accolades include: Ranked by CB Insights in the 2019 Digital Health 150 Listed among PM360’s Most Innovative Companies Ranked in the 10 Health Tech Companies to Watch in 2019 by Socialnomics Artificial Intelligence and Platform Milestones Greatly enhanced the AiCure data and …

National Institutes of Health

AiCure’s strategy of providing data for life sciences reinforced by record economic momentum | PR Newswire | 1/14/2020

Silicon Valley Bank (SVB) and the National Institutes of Health (NIH) Increased worldwide patent portfolio to 67 issued and allowed patents and 110 filed. Examples of industry accolades include: Ranked by CB Insights in the 2019 Digital Health 150 Listed among PM360’s Most Innovative Companies Ranked in the 10 Health Tech Companies to Watch in 2019 by Socialnomics Artificial Intelligence and Platform Milestones Greatly enhanced the AiCure data and …

Mental Health

2019 closes the year with 251 digital health fundings | MobiHealthNews | 12/31/2019

… scaling efforts for its digital care program. Omada offers a slew of digital coaching programs addressing hypertension, Type 2 diabetes, mental health conditions and other health needs. The company also implements connected technology to track … Foundry Group, Two Sigma Ventures, Accomplice, Thursday Ventures, Promus Ventures, Silicon Valley Bank and other individual investors The $55 million will be put towards expanding consumer acquisitions, membership services and product development. Whoop’s product includes …

Food and Drug Administration

Health tech funding snapshot—Sony joins $42M round in endoscopy AI company; Wellframe raises $20M | FierceHealthcare | 11/27/2019

… AI Medical Service aims to improve endoscopic medical care through the use of AI. The company recently announced that the Food and Drug Administration (FDA) provided a breakthrough device designation for its machine learning algorithm … Insurance Company, Susquehanna International Group, Sojitz Corporation, Zuellig Pharma and Silicon Valley Bank. Sensely uses avatars and chat-based platforms to help users understand and organize their insurance information. Kidney stone medical device: SonoMotion , a …

Health Tech

Health tech funding snapshot—Sony joins $42M round in endoscopy AI company; Wellframe raises $20M | FierceHealthcare | 11/27/2019

… arm of Aflac. Additional new investors included NMC, Nippon Life Insurance Company, Susquehanna International Group, Sojitz Corporation, Zuellig Pharma and Silicon Valley Bank. Sensely uses avatars and chat-based platforms to help users understand and … connect patients with appropriate care for their condition. COPD therapy: Health technology company H-CYTE picked up raised $6 million in new funding led by a group that includes Todd Wagner, a co-founder of …

Biotech

Digital Health Futurist and Best-Selling Author Emmanuel Fombu, MD to Keynote SoCalBio’s 3rd Digital Health Conference | Business & Finance | manchestertimes.com | Business Wire | 11/13/2019

… who will inspire the digital health entrepreneurs attending our conference.” Dr. Fombu works extensively with venture capitalists and digital health/biotech start-ups. He is a frequent keynote speaker at conferences worldwide, including Pharma Digital … Data Analytics.” Milo Bissin, Director of Life Science & Healthcare at Silicon Valley Bank, with a presentation titled “Who Is Investing in Digital Health and Analytics Development, Where, and Why?” Wade Ackerman, Partner at Covington, who …

Medicaid

Omeros (OMER) Q3 2019 Earnings Call Transcript | The Motley Fool | 11/13/2019

… cash burn of $4.5 million for the quarter. We also have a $50 million revolving line of credit facility with Silicon Valley Bank. This line of credit enabled us to borrow up to 85% of … us to expand separate payment across commercial Med Advantage and Medicaid insurers, as well as in the office setting. Many of these previously would not reimburse for OMIDRIA under the drug’s now retired C-code …

Medicare

Omeros (OMER) Q3 2019 Earnings Call Transcript | The Motley Fool | 11/13/2019

… cash burn of $4.5 million for the quarter. We also have a $50 million revolving line of credit facility with Silicon Valley Bank. This line of credit enabled us to borrow up to 85% of … helping to drive sales across commercial, Med Advantage, CMS or Medicare Part B, and other government payers. Regarding OMIDRIA’s use with Medicare Part B beneficiaries, we continue to enjoy separate payment from CMS until our …

Pain Management

Omeros (OMER) Q3 2019 Earnings Call Transcript | The Motley Fool | 11/13/2019

… cash burn of $4.5 million for the quarter. We also have a $50 million revolving line of credit facility with Silicon Valley Bank. This line of credit enabled us to borrow up to 85% of … pain medicine at Stanford University, and an international leader in pain management and opioid use disorder. In his review, Dr. Clark underscores the importance of OMIDRIA in reducing fentanyl use in the at-risk population …

Healthcare Staffing

Icon Ventures-backed Nomad aims to shakeup healthcare staffing | The Business Journals | 10/31/2019

… using booking platforms to find jobs for nearly every other field — i.e. massage therapy , babysitters , therapists . Nazem recently discussed how healthcare staffing was in need of disruption, and why Nomad Health is at the forefront … from prior investors Polaris Partners , RRE Ventures , . 406 Ventures , and Silicon Valley Bank . The funding will be used to grow our team as well as to build out the technology on our platform. Is Nomad …

Patient Engagement

Q3 2019 sees 66 digital health funding deals totaling $1.55B | MobiHealthNews | 10/4/2019

… clinical decision to recall a patient for further investigation or not. $20.37 Icon Polaris Partners, RRE Ventures, .406 Ventures and Silicon Valley Bank The startup has pledged to use the new funds to double its … will be used to expand its social network app and patient engagement platform. The company’s free Belong app allows patients with cancer or those caring for them to connect with and support others undergoing treatment …

Medicare Advantage

4 Fast-Growing Companies for Investors Hunting for Bargains | Fortune | 8/15/2019

… with valuations that remain far below nosebleed territory. SVB Financial Group fills an unusual niche: It’s the holding company of Silicon Valley Bank (SVB), which specializes in lending to tech-focused venture capital investors. Compared … miss one of the acquisition’s big benefits: WellCare’s pool of Medicare Advantage customers. Jefferies senior analyst David Windley calls these public-private hybrid plans the “Goldilocks” of the health insurance space—more profitable than Medicaid …

Medical Education

Dova Pharmaceuticals, Inc. (DOVA) Q1 2019 Earnings Call Transcript - Nasdaq.com | 5/14/2019

… morning, everyone. Let me begin today by highlighting that we recently entered into an amended and restated loan agreement with Silicon Valley Bank to extend the interest only period on our $20 million debt facility … key elements would be as you guide physicians on the medical education side and maybe what that target physician patient population looks like in your view? My second question is on CLD. I notice there …

Novartis

Venture capitalists, Purdue innovations, startups establish winning combination for moving life-changing technologies to public | PRWeb | 7/1/2020

… Valley Boilermaker Innovation Group, SVBIG, to support Purdue’s startup creation. According to the investment report “U.S. Startup Outlook 2019” by Silicon Valley Bank, 52% of startups’ funding comes from venture capitalists. The report states that … a life sciences company, was acquired by Swiss pharmaceutical giant Novartis AG for $2.1 billion in 2018. Arxan Defense Systems, a cybersecurity and application security company, sold to Microsemi Corp. in 2010 for an undisclosed …

Aclaris

Aclaris Therapeutics Reports First Quarter 2020 Financial Results and Provides R&D and Business Highlights | Globe Newswire | 5/7/2020

Projected Cash Runway into the First Quarter of 2022 Borrowed $11 Million from Term Loan Facility WAYNE, Pa., May 07, 2020 (GLOBE NEWSWIRE) – Aclaris Therapeutics, Inc. (NASDAQ: ACRS), a physician-led biopharmaceutical company focused on immuno-inflammatory diseases, today announced its financial results for the first quarter of 2020 and provided research and development (R&D) and business highlights. “In the first quarter, we borrowed $11 million from Silicon Valley …

Aclaris Therapeutics

Aclaris Therapeutics Reports First Quarter 2020 Financial Results and Provides R&D and Business Highlights | Globe Newswire | 5/7/2020

Projected Cash Runway into the First Quarter of 2022 Borrowed $11 Million from Term Loan Facility WAYNE, Pa., May 07, 2020 (GLOBE NEWSWIRE) – Aclaris Therapeutics, Inc. (NASDAQ: ACRS), a physician-led biopharmaceutical company focused on immuno-inflammatory diseases, today announced its financial results for the first quarter of 2020 and provided research and development (R&D) and business highlights. “In the first quarter, we borrowed $11 million from Silicon Valley …

Health Catalyst

Pager Completes System and Organization Controls (SOC) 2® Type I Audit Examination | 4/28/2020

… Health Catalyst, Goodwater Capital, Silicon Valley Bank. Additionally, Pager recently rolled out a new COVID-19 rapid response, forward triage solution with Horizon BlueCross BlueShield of New Jersey to alleviate the strain on the New Jersey health system in light of the novel coronavirus. About Pager Pager is your virtual care companion that provides a personalized, connected care experience throughout your healthcare journey, like having a “doctor in the family …

Pfizer

Alexandria Real Estate Equities, Inc. Elects Jennifer Friel Goldstein to Board of Directors | PR Newswire | 3/27/2020

Silicon Valley Bank (SVB). She is responsible for business development, venture capital relationship management and corporate relationship management across all sectors for the bank. Prior to joining Silicon Valley Bank in 2012, Ms. Goldstein served on Pfizer Inc.’s venture capital team, during which time she helped lead or co-lead fund-of-fund investment decisions and manage Pfizer’s private equity portfolio. She has also served as a consultant at …

Babylon Health

Health tech investments will continue to rise in 2020, according to Silicon Valley Bank | MobiHealthNews | 1/31/2020

Silicon Valley Bank (SVB). The Healthcare Investments and Exits Report predicts that health tech investments in Europe and the US will continue to rise in 2020, driven by provider operations and alternative care companies. Last year’s growth is primarily attributed to alternative care and provider operations, each of which has received more than $2 billion in investments. This was largely driven by London-based Babylon Health , which raised a $550 …

Gilead

Sierra Oncology Announces Reverse Stock Split | PR Newswire | 1/22/2020

Preferred shares issued in recently completed $103M financing to convert to common shares - - Gilead to become shareholder in Sierra in accordance with amendment to Purchase Agreement - VANCOUVER , Jan. 22, 2020 /PRNewswire/ - Sierra Oncology, Inc. (SRRA … 2019, a term loan of $5.0 million was repaid to Silicon Valley Bank. About Sierra Oncology Sierra Oncology is a late stage drug development company focused on advancing targeted therapeutics for the treatment of patients …

AiCure

AiCure’s strategy of providing data for life sciences reinforced by record economic momentum | PR Newswire | 1/14/2020

NEW YORK AiCure , recognized as one of the world’s 100 most innovative artificial intelligence (AI) companies, announced significant 2019 company momentum, growing revenue by over 65% from the prior year. In September 2019 , AiCure announced … in its Series B in 2017, and additional support from Silicon Valley Bank (SVB) and the National Institutes of Health (NIH) Increased worldwide patent portfolio to 67 issued and allowed patents and 110 filed. Examples …

Fitbit

Boston-based human performance company Whoop raises $55M in equity, debt funding | MobiHealthNews | 11/12/2019

… both equity and debt. Foundry Group led the round with participation from Two Sigma Ventures, Accomplice, Thursday Ventures, Promus Ventures, Silicon Valley Bank and other individual investors. According to the company, this latest raise brings … the last year happened earlier this month when Google acquired Fitbit for roughly $2.1 billion , or $7.35 per share, in cash. While there are still a lot of unknowns about what this will mean, a …

Teladoc

Icon Ventures-backed Nomad aims to shakeup healthcare staffing | The Business Journals | 10/31/2019

… in the healthcare space. Among its backers are Palo Alto, California-based Icon Ventures and New York-based telemedicine leader Teladoc Health Inc. (NYSE: TDOC). Nomad Health isn’t the only company to do this. Atlanta … from prior investors Polaris Partners , RRE Ventures , . 406 Ventures , and Silicon Valley Bank . The funding will be used to grow our team as well as to build out the technology on our platform. Is Nomad …

Nomad Health

Icon Ventures-backed Nomad aims to shakeup healthcare staffing | The Business Journals | 10/31/2019

… 3:37pm EDT Doctors and nurses are often hired last minute whenever a healthcare facility is in need of additional workers. Nomad Health launched in 2015 with the goal of expediting this process. Under the helm … from prior investors Polaris Partners , RRE Ventures , . 406 Ventures , and Silicon Valley Bank . The funding will be used to grow our team as well as to build out the technology on our platform. Is Nomad …

OrbiMed

Q3 2019 sees 66 digital health funding deals totaling $1.55B | MobiHealthNews | 10/4/2019

… app. It has added new features to include a breathing coach and tools for helping users fall asleep. $26.00 aMoon, OrbiMed Israel Partners and Lightspeed Venture Partners The company will use the funds to further … not. $20.37 Icon Polaris Partners, RRE Ventures, .406 Ventures and Silicon Valley Bank The startup has pledged to use the new funds to double its staff and build out its technology. The company’s digital platform …

Neurotrack

How CEOs of Intel, Ancestry, and More Help Employees Succeed | Fortune | 10/3/2019

Fortune asked several prominent CEOs to name the most important things they do to help their employees be successful. In this video, Bob Swan of Intel , Greg Becker of Silicon Valley Bank, Elli Kaplan of Neurotrack, Margo Georgiadis of Ancestry, and Sara Menker of Gro Intelligence expand on their leadership strategies in steering each of their companies. All five previously have served in other executive roles. As CEOs, however, they …

Merck

Showpad, a sales enablement platform for managing presentations and other collateral, raises $70M | TechCrunch | 6/25/2019

… part is co-led by Dawn Capital and Insight Partners, with existing investors Hummingbird Ventures, and Korelya Capital also participating. Silicon Valley Bank is providing debt financing. This is one of the first big investments … enterprise customers, including Johnson & Johnson, GE Healthcare, Bridgestone, Honeywell, and Merck. The plan going forward will be to continue building out the services that it offers around its sales enablement software, alongside the core product …

GE Healthcare

Showpad, a sales enablement platform for managing presentations and other collateral, raises $70M | TechCrunch | 6/25/2019

… part is co-led by Dawn Capital and Insight Partners, with existing investors Hummingbird Ventures, and Korelya Capital also participating. Silicon Valley Bank is providing debt financing. This is one of the first big investments … the company has around 1,200 enterprise customers, including Johnson & Johnson, GE Healthcare, Bridgestone, Honeywell, and Merck. The plan going forward will be to continue building out the services that it offers around its sales enablement …

BetterUp

BetterUp, a career and life coaching platform for employees, raises $103 million | VentureBeat | 6/12/2019

Apple’s $999 Pro Stand is just the latest sign of its identity crisis San Francisco-based career coaching startup BetterUp has raised $103 million in a series C round of funding led by Lightspeed Venture Partners, with participation from Threshold Ventures, Crosslink Capital, Tenaya Capital, Freestyle Capital, and Silicon Valley Bank. Launched in 2016, BetterUp is a mobile-first platform that connects workers with certified coaches who work with individuals …

Puma Biotechnology

Puma (PBYI) Stock Up More than 200% This Year: Here’s Why - December 8, 2017 - Zacks.com | 12/8/2017

Shares of Puma Biotechnology, Inc. ( PBYI - Free Report ) have significantly outperformed the industry in the year so far. The stock has skyrocketed 242.1% compared with the industry’s increase of 0.8% during this period. The FDA … Nerlynx. In October, Puma entered into a credit facility with Silicon Valley Bank and Oxford Finance to support Nerlynx commercial initiatives. Several additional studies on Nerlynx targeting different types of breast cancer patient populations are …

RWJBarnabas Health

Cloud Range Wins the Security Shark Tank® During RSA | PR Newswire | 3/10/2020

Silicon Valley Bank Frank Aiello , CISO, Maximus Frank Fischer , CISO, Deutsche Bahn Hussein Syed , CISO, RWJBarnabas Health Jeff Trudeau , CSO, Credit Karma Joey Johnson , CISO, Premise Health Kevin McKenzie , CISO, Dollar Tree Inc.Lakshmi Hanspal, Global CISO, Box Matt Hollcraft , CISO, Hellman & Friedman Selim Aissi , SVP and CISO, Ellie Mae “It is always a highly informative, entertaining and worthwhile use of our valuable time to take part in Security Current’s Security …

Cloud Range Wins the Security Shark Tank® During RSA | Yahoo News | 3/10/2020

Silicon Valley Bank Frank Aiello , CISO, Maximus Frank Fischer , CISO, Deutsche Bahn Hussein Syed , CISO, RWJBarnabas Health Jeff Trudeau , CSO, Credit Karma Joey Johnson , CISO, Premise Health Kevin McKenzie , CISO, Dollar Tree Inc.Lakshmi Hanspal, Global CISO, Box Matt Hollcraft , CISO, Hellman & Friedman Selim Aissi , SVP and CISO, Ellie Mae “It is always a highly informative, entertaining and worthwhile use of our valuable time to take part in Security Current’s Security …

Magellan Health

Pager Announces $33M Financing Round | 3/9/2020

… Silicon Valley Bank. Other investors include board member Steve Shulman , former CEO of Magellan Health. “Healthcare is so confusing and frustrating for people to navigate on their own, which is why it’s so important to connect patients with a care team of professionals together all on one common platform to make faster and smarter decisions,” said Walter Jin , Chairman and CEO of Pager. “I’m excited to have Health Catalyst Capital …

Pager Announces $33M Financing Round | Markets Insider | 3/9/2020

… Silicon Valley Bank. Other investors include board member Steve Shulman , former CEO of Magellan Health. “Healthcare is so confusing and frustrating for people to navigate on their own, which is why it’s so important to connect patients with a care team of professionals together all on one common platform to make faster and smarter decisions,” said Walter Jin , Chairman and CEO of Pager. “I’m excited to have Health Catalyst Capital …

Humana

Livongo taps MDLive, Doctor on Demand for virtual care integration | MobiHealthNews | 10/28/2019

… diseases. WHY IT MATTERS The chronic care space is rapidly growing in the US. In fact, according to a recent Silicon Valley Bank report, mental health and diabetes tools have raked in the largest funding … this year, either. In April, it signed a deal with Humana to launch a new virtual care model, dubbed On Hand . Members and employers are able to opt into this new plan, which will let …

Health tech funding snapshot—Insurtech Ethos lands $60M in GV-led round, Nurx raises $52 million, and more | FierceHealthcare | 8/31/2019

… based venture capital firm, led the financing with additional investment from prior investors Polaris Partners, RRE Ventures, .406 Ventures, and Silicon Valley Bank. Healthcare data IT: Startup MDClone , based in Israel, raised $26 million in … round led by Hambrecht Ducera Growth Ventures. Health insurance company Humana joined the round as a strategic investor, and earlier backers F-Prime Capital (Fidelity Investments) and Optum Ventures also contributed. Digital health tools: Hello …