Investments
140Portfolio Exits
73Partners & Customers
2Service Providers
3About Square 1 Bank
Square 1 Financial is the bank holding company for Square 1 Bank, a full-service commercial bank dedicated exclusively to serving the financial needs of the venture capital community and entrepreneurs in all stages of growth and expansion. Square 1's expertise, focus, and strong capital base provide flexible resources and unmatched support to meet clients' needs. The bank offers tailored products and solutions aided by the latest in technological innovations. Square 1 has offices coast to coast in Austin, Boston, Denver, Durham, Los Angeles, New York, San Diego, Seattle, Silicon Valley, and Washington, DC.
Square 1 Bank Headquarter Location
406 Blackwell Street Suite 240
Durham, North Carolina, 27701,
United States
866-355-0468
Latest Square 1 Bank News
Nov 27, 2018
Square 1 Bank Closes $5MM Credit Facility for Zenflow November 27, 2018, 07:00 AM Square 1 Bank, a division of Pacific Western Bank, announced that it has provided a $5 million credit facility to new client Zenflow, a privately-held urologic medical device company. Proceeds from the facility will support short-term and long-term growth initiatives. Headquartered in South San Francisco, Zenflow was founded by a team of Stanford University Biodesign Fellows to develop a patient-focused approach to treat the symptoms of benign prostatic hyperplasia (BPH). Through the company’s Spring® System, patients experiencing BPH symptoms can undergo treatment in a simple procedure in an urologist’s office. The innovative Spring Implant, composed of super elastic shape-memory material, is deployed through a small, flexible catheter which can allow for a less invasive and less painful treatment. The company is backed by several leading investors including F-Prime Capital Partners, Invus Opportunities, Medical Technology Venture Partners, Y Combinator and the Stanford-StartX Fund. “We are excited to have Square 1’s confidence in our team and technology as we take the next steps in Zenflow’s journey,” said Nick Damiano, co-founder and chief executive officer of Zenflow. “This credit facility will help us execute on our clinical studies, secure regulatory approval, and fulfill our mission of improving quality of life for the many millions of men suffering from BPH symptoms.” “Zenflow’s founders, Nick Damiano and Shreya Mehta, are great examples of medical device entrepreneurs that are advancing emerging technologies which simultaneously improve patient outcomes and reduce costs,” added JC Simbana, senior vice president of Square 1’s life sciences practice. “Nick and Shreya have built a talented team that is motivated to make a real impact on patients’ lives. We are pleased to serve as Zenflow’s financial services partner and support its mission to treat symptoms of benign prostatic hyperplasia.”
Square 1 Bank Investments
140 Investments
Square 1 Bank has made 140 investments. Their latest investment was in Limor as part of their Seed on April 4, 2020.
Square 1 Bank Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
4/8/2020 | Seed | Limor | Yes | 1 | ||
12/11/2018 | Debt | ShopKeep | $65M | Yes | 3 | |
11/27/2018 | Line of Credit | Zenflow | $5M | Yes | 2 | |
11/5/2018 | Line of Credit | |||||
10/16/2018 | Line of Credit |
Date | 4/8/2020 | 12/11/2018 | 11/27/2018 | 11/5/2018 | 10/16/2018 |
---|---|---|---|---|---|
Round | Seed | Debt | Line of Credit | Line of Credit | Line of Credit |
Company | Limor | ShopKeep | Zenflow | ||
Amount | $65M | $5M | |||
New? | Yes | Yes | Yes | ||
Co-Investors | |||||
Sources | 1 | 3 | 2 |
Square 1 Bank Portfolio Exits
73 Portfolio Exits
Square 1 Bank has 73 portfolio exits. Their latest portfolio exit was ReviewTrackers on June 16, 2022.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
---|---|---|---|---|---|
6/16/2022 | Acquired | 1 | |||
3/9/2022 | Acquired | 5 | |||
11/2/2021 | Acquired | 7 | |||
Date | 6/16/2022 | 3/9/2022 | 11/2/2021 | ||
---|---|---|---|---|---|
Exit | Acquired | Acquired | Acquired | ||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 1 | 5 | 7 |
Square 1 Bank Acquisitions
1 Acquisition
Square 1 Bank acquired 1 company. Their latest acquisition was Sand Hill Finance on January 02, 2014.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
---|---|---|---|---|---|---|
1/2/2014 | Acquired | 1 |
Date | 1/2/2014 |
---|---|
Investment Stage | |
Companies | |
Valuation | |
Total Funding | |
Note | Acquired |
Sources | 1 |
Square 1 Bank Partners & Customers
2 Partners and customers
Square 1 Bank has 2 strategic partners and customers. Square 1 Bank recently partnered with AliveCor on April 4, 2015.
Date | Type | Business Partner | Country | News Snippet | Sources |
---|---|---|---|---|---|
4/15/2015 | Client | United States | Square 1 Bank Announces Credit Facility to AliveCor, Inc. SAN FRANCISCO , April 15 , 2015 -- Square 1 Bank , the premier banking partner to entrepreneurs and the venture capital community , today announced that it has provided a $ 3 million credit facility to new client AliveCor Inc. , a mobile health company that helps users take control of their heart health using the AliveCor and free AliveECG application . | 1 | |
5/16/2013 | Vendor |
Date | 4/15/2015 | 5/16/2013 |
---|---|---|
Type | Client | Vendor |
Business Partner | ||
Country | United States | |
News Snippet | Square 1 Bank Announces Credit Facility to AliveCor, Inc. SAN FRANCISCO , April 15 , 2015 -- Square 1 Bank , the premier banking partner to entrepreneurs and the venture capital community , today announced that it has provided a $ 3 million credit facility to new client AliveCor Inc. , a mobile health company that helps users take control of their heart health using the AliveCor and free AliveECG application . | |
Sources | 1 |
Square 1 Bank Service Providers
3 Service Providers
Square 1 Bank has 3 service provider relationships
Service Provider | Associated Rounds | Provider Type | Service Type |
---|---|---|---|
Investment Bank | Bookrunner | ||
Service Provider | |||
---|---|---|---|
Associated Rounds | |||
Provider Type | Investment Bank | ||
Service Type | Bookrunner |
Partnership data by VentureSource
Square 1 Bank Team
31 Team Members
Square 1 Bank has 31 team members, including current Chief Executive Officer, President, Douglas H Bowers.
Name | Work History | Title | Status |
---|---|---|---|
Judith E Erwin | Grasshopper Bank, Pex, Imperial Bank, and Plaza Bank | Founder | Current |
Douglas H Bowers | Chief Executive Officer, President | Current | |
Will Kelly | Ironside Capital Group | President | Current |
Patrick Oakes | Chief Financial Officer | Current | |
Susan G Casey | Executive Vice President | Current |
Name | Judith E Erwin | Douglas H Bowers | Will Kelly | Patrick Oakes | Susan G Casey |
---|---|---|---|---|---|
Work History | Grasshopper Bank, Pex, Imperial Bank, and Plaza Bank | Ironside Capital Group | |||
Title | Founder | Chief Executive Officer, President | President | Chief Financial Officer | Executive Vice President |
Status | Current | Current | Current | Current | Current |
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