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Corporate Venture
svb.com/svbcapital

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Investments

52

Portfolio Exits

3

Funds

9

About SVB Capital

SVB Capital oversees SVB Financial Group's portfolio of managed venture capital and private equity funds and investments. SVB leverages deep industry relationships, unique knowledge of venture capital, disciplined analysis, and unrivaled access to proprietary deal flow to identify the best opportunities in the venture class. As a result, SVB Capital can construct concentrated portfolios that are well positioned to achieve superior investment results. SVB Capital is part of SVB Financial Group (NASDAQ: SIVB), which is the holding company of Silicon Valley Bank.

SVB Capital Headquarter Location

2770 Sand Hill Road

Menlo Park, California, 94025,

United States

650-320-1157

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Expert Collections containing SVB Capital

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

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Latest SVB Capital News

SVB Financial Group’s Expansion into Tech Investment Banking Continues with New Senior Bankers and the Launch of Technology Leveraged Finance and Equity Capital Markets

Dec 6, 2021

The SVB Tech Investment Banking team, reporting to Co-Head of Investment Banking and Global Head of Tech Investment Banking Jason Auerbach, has demonstrated strong momentum, recently announcing a spate of transactions including Clearlake Capital’s pending acquisition of Quest, Noregon Systems, Inc.’s sale to The Hearst Corporation, the pending merger of Mavenlink and Kimble Applications, Evergreen Coast Capital Corp’s pending acquisition of a majority stake in DreamBox Learning, Cinven’s pending investment in Nitel, Blackstone’s pending significant investment in Renaissance, Moody’s acquisition of PassFort, and TPG Capital’s recapitalization of Entertainment Partners. The team of more than 50 individuals has significant M&A and capital markets experience and brings exceptional expertise across subsectors, geographies, and deal structures to clients in the innovation economy. SVB serves the world’s most innovative companies and their investors via commercial banking with Silicon Valley Bank, investment banking with SVB Leerink, private banking and wealth management with SVB Private Bank, and funds management and investment with SVB Capital. In September 2021 SVB announced the expansion of SVB Leerink to include technology investment banking. “In just three months the Technology Investment Banking team has closed an impressive number of transactions and added incredible talent to its roster, deepening and diversifying its expertise across investment banking advisory services,” said Greg Becker, President and CEO of SVB Financial Group. “The strength of the team and the strategic counsel it provides will help our innovative clients access the capital and advisory services they need to grow.” Spencer Alstodt, Senior Managing Director, Leveraged Finance & Debt Capital Markets Spencer Alstodt joins the firm from Jefferies, where he spent the last 13 years as a Managing Director in Technology, Media & Telecom and Industrials Leveraged Capital Markets. While at Jefferies, Spencer was instrumental in building the leveraged finance and capital markets platform, earning #1 league table rankings for sponsor-backed leveraged buyout financings, and consecutive years of top honors for total deals and capital raised within the technology sector. Previously, he held a Managing Director role at Bear Stearns and began his career at JP Morgan Securities. Matt Lytle, Senior Managing Director, Internet, Consumer / Marketing Software and Fintech Prior to joining the firm, Matt Lytle was a Managing Director and Global Co-Head of Internet Investment Banking in the Technology, Media & Telecom group at Goldman Sachs. With over 15 years of experience, Matt has advised boards and management teams on some of the most innovative and notable technology IPOs, mergers & acquisitions, leveraged buyouts, private placements, and financing transactions. Matt will partner with Senior Managing Directors J.T. Stephens, Xiaoying Zhong, and Henry Pinnell to lead investment banking activity across these sectors. Henry Pinnell, Senior Managing Director, Fintech With over 15 years of investment banking experience, Henry Pinnell has advised on milestone transactions for industry-leading companies, founders and investors in the fintech space. He has extensive experience originating, planning, and executing strategic and financing transactions both in the private and public markets. Henry joins the firm from Barclays Bank PLC where he was most recently a Managing Director in the Investment Banking Division, leading the firm’s Emerging Fintech franchise. Matthew Walsh, Senior Managing Director, Head of Tech Equity Capital Markets Matt Walsh brings over 20 years of investment banking experience leading the origination and execution of hundreds of transactions, including some of the most innovative and notable technology IPOs. Matt joins the firm from Credit Suisse where he was Managing Director and Co-Head of Global Technology, Media & Telecom Equity Capital Markets. Prior to Credit Suisse, he spent 15 years at Merrill Lynch & Co in a variety of roles across Technology and Healthcare Investment Banking, most recently leading the Technology, Media & Telecom Equity Capital Markets business. He started his career at JP Morgan & Co in New York. Jesse Chasse, Managing Director, Tech Equity Capital Markets With over a decade of Equity Capital Markets experience, Jesse Chasse has devoted his career to partnering with technology companies, venture capitalists and financial sponsors to raise capital and position businesses for success in the public markets. He has helped originate and execute hundreds of equity offerings. Prior to joining the firm, he served as a Director of the Technology Equity Capital Markets team at Credit Suisse, working in both the firm’s New York and San Francisco offices. Raymond Wu, Managing Director, Software Raymond Wu joins the firm from UBS, where he was an Executive Director in Technology Investment Banking. He has over a decade of experience in technology, covering application and infrastructure software, education technology, and consumer internet. Raymond has advised on over 50 transactions with technology companies and financial sponsors including M&A, debt financing, and equity capital markets transactions.

SVB Capital Investments

52 Investments

SVB Capital has made 52 investments. Their latest investment was in Kandji as part of their Series C on November 11, 2021.

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SVB Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/18/2021

Series C

Kandji

$100M

No

7

11/11/2021

Series B

AppliedVR

$36M

Yes

3

11/2/2021

Series C - II

Chipper Cash

$150M

No

4

9/28/2021

Series A

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$99M

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10

9/28/2021

Seed VC

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$99M

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10

Date

11/18/2021

11/11/2021

11/2/2021

9/28/2021

9/28/2021

Round

Series C

Series B

Series C - II

Series A

Seed VC

Company

Kandji

AppliedVR

Chipper Cash

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Amount

$100M

$36M

$150M

$99M

$99M

New?

No

Yes

No

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Co-Investors

Sources

7

3

4

10

10

SVB Capital Portfolio Exits

3 Portfolio Exits

SVB Capital has 3 portfolio exits. Their latest portfolio exit was Tile on November 23, 2021.

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

11/23/2021

Acquired

$991

1

00/00/0000

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$991

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10

00/00/0000

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$991

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10

Date

11/23/2021

00/00/0000

00/00/0000

Exit

Acquired

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Companies

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Valuation

$991

$991

$991

Acquirer

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Sources

1

10

10

SVB Capital Fund History

9 Fund Histories

SVB Capital has 9 funds, including Strategic Investors Fund X LS SPV.

Closing Date

Fund

Fund Type

Status

Amount

Sources

12/9/2020

Strategic Investors Fund X LS SPV

$1,015.55M

7

5/16/2018

Sprout Endurance Partners

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$99M

10

5/16/2018

Strategic Investors Fund IX Cayman

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$99M

10

5/8/2017

Capital Partners IV

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$99M

10

10/10/2014

Strategic Investors Fund VII

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$99M

10

Closing Date

12/9/2020

5/16/2018

5/16/2018

5/8/2017

10/10/2014

Fund

Strategic Investors Fund X LS SPV

Sprout Endurance Partners

Strategic Investors Fund IX Cayman

Capital Partners IV

Strategic Investors Fund VII

Fund Type

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Subscribe to see more

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Status

Amount

$1,015.55M

$99M

$99M

$99M

$99M

Sources

7

10

10

10

10

SVB Capital Team

5 Team Members

SVB Capital has 5 team members, including current President, John China.

Name

Work History

Title

Status

John China

President

Current

Aaron Gershenberg

Managing Partner

Current

Tilli Kalisky-Bannett

Managing Partner

Current

Beau Laskey

U.S. Navy

Managing Director

Current

Tom Smith

Managing Director

Former

Name

John China

Aaron Gershenberg

Tilli Kalisky-Bannett

Beau Laskey

Tom Smith

Work History

U.S. Navy

Title

President

Managing Partner

Managing Partner

Managing Director

Managing Director

Status

Current

Current

Current

Current

Former

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