Silicon Valley Bank

Jeeves, The Fintech Built For Global Companies, Launches Its All-In-One Corporate Card And Capital Financing Services For High-growth Startups In Canada

Tuesday, October 26, 2021 - 1:11pm

TORONTO, Oct. 26, 2021 /PRNewswire/ -- Jeeves, the all-in-one expense management platform for global startups, announced today that it has officially launched its product and services in Canada. This expansion into the Canadian market follows the company's highly successful funding rounds of a Series A at $31 million USD followed by a Series B of $57M. Both rounds were completed in 2021 in less than 90 days of each other for a total raise of $183M USD, and a valuation of more than $500M USD. The Canadian launch is the latest in a momentous year of growth for the company.

Key Points: 
  • Jeeves provides a true corporate card and expense management solution for global-minded Canadian companies, with hassle-free, no fee, no interest, and no personal guarantee virtual and physical cards.
  • In addition, Canadian entrepreneurs and business owners can earn up to 3% cashback and choose to pay the card back in USD or CAD.
  • "By launching in Canada we seek to solve a major problem faced by a lot of Canadian startups and fast growing companies with global presence.
  • Jeeves is an all-in-one expense management platform for startups in global markets including Mexico, Colombia, Chile, Canada, UK and Europe.

Emburse Helps Banks Expand Their Share of Customer Wallet

Monday, October 25, 2021 - 2:00pm

Emburse, a global leader in spend management, has launched a new solution that gives partner banks the ability to issue virtual cards through the Emburse platform.

Key Points: 
  • Emburse, a global leader in spend management, has launched a new solution that gives partner banks the ability to issue virtual cards through the Emburse platform.
  • Banks that meet this demand stand to retain more corporate clients, significantly increase share of wallet and more effectively win net-new business.
  • With Emburse, banks and other financial institutions can now easily issue and manage virtual cards for millions of Emburse users at mutual customers, directly from the Emburse card dashboard.
  • For more information on Emburse, visit emburse.com , call 877-EMBURSE, or follow the organizations social channels at @emburse.

Stride Funding secures first of its kind $30 million facility with Silicon Valley Bank to support SV Academy's upskilling programs for underrepresented learners

Thursday, October 21, 2021 - 3:07pm

Stride Funding is the leading provider of outcomes-driven funding, such as deferred tuition agreements (DTAs), across alternative and higher education programs.

Key Points: 
  • Stride Funding is the leading provider of outcomes-driven funding, such as deferred tuition agreements (DTAs), across alternative and higher education programs.
  • SV Academy, founded in 2017 and based in San Francisco, supports more than 400 technology employers with high potential and highly connected sales talent.
  • For nearly 40 years, Silicon Valley Bank (SVB) has helped innovative companies and their investors move bold ideas forward, fast.
  • Stride Funding is an outcomes-driven funding platform that supports students and creates transparency around outcomes across alternative and higher education.

Orange Grove Bio, AlleyCorp and Alexandria Venture Investments Establish Partnership with Albert Einstein College of Medicine to Support Development of Novel Therapeutics

Thursday, October 21, 2021 - 11:00am

NEW YORK, Oct. 21, 2021 (GLOBE NEWSWIRE) -- Orange Grove Bio, AlleyCorp and Alexandria Venture Investments, three industry leaders dedicated to the acceleration and growth of innovative healthcare and life science companies, today announced the formation of a partnership program with Albert Einstein College of Medicine to support the development of novel therapeutics. Through the newly established program, Einstein scientists will have the opportunity to receive expert mentorship and financial support to advance their foundational research and streamline translation of their discoveries into new drug candidates.

Key Points: 
  • NEW YORK, Oct. 21, 2021 (GLOBE NEWSWIRE) -- Orange Grove Bio, AlleyCorp and Alexandria Venture Investments, three industry leaders dedicated to the acceleration and growth of innovative healthcare and life science companies, today announced the formation of a partnership program with Albert Einstein College of Medicine to support the development of novel therapeutics.
  • Program participants will be selected by an expert panel of scientists, investors and drug development professionals based on submitted applications.
  • Selected project teams will receive more than six months of director mentorship designed to assist in translating their discoveries into novel therapeutic candidates.
  • Through this new partnership, Orange Grove Bio, AlleyCorp and Alexandria Venture Investments are working to leverage our combined expertise in drug development, company formation and fundraising to support Einstein scientists in translating their groundbreaking discoveries into the impactful treatments of tomorrow.

BOXT Raises $9.35 Million To Expand Luxury Brand of Fine Wine Offerings

Wednesday, October 20, 2021 - 3:00pm

AUSTIN, Texas, Oct. 20, 2021 /PRNewswire/ --BOXT, the female-founded, direct-to-consumer winery, announced today that it has raised $9.35 million in equity and debt funding to drive the continued expansion of its luxury brand of fine wine offerings.

Key Points: 
  • AUSTIN, Texas, Oct. 20, 2021 /PRNewswire/ --BOXT, the female-founded, direct-to-consumer winery, announced today that it has raised $9.35 million in equity and debt funding to drive the continued expansion of its luxury brand of fine wine offerings.
  • BOXT is a first-of-its-kind wine club, creating a luxury wine experience delivered directly to consumers' doorsteps in a gorgeous and countertop-worthy BOXT.
  • Grounded in its philosophy of simplifying fine wine, BOXT designs its eight single-batch, handcrafted wines based not just on varietals, like chardonnay or merlot, but on the tastes and textures wine drinkers gravitate to in a fine wine, offering something for everyone.
  • BOXT is designing a first-of-its-kind, luxury wine experience and delivering it directly to members every month in sleek, environmentally conscious packaging.

Liberty Mutual, HP Inc., and Kaiser Permanente Will Take the Virtual Stage to Discuss Digital Employee Experience at Nexthink’s Experience Everywhere ‘21 Event

Monday, October 18, 2021 - 2:00pm

Nexthink , the leader in Digital Employee Experience (DEX) management software, has announced that its annual Experience Everywhere event will return to the virtual stage on November 16 (Americas) & November 17 (EMEA).

Key Points: 
  • Nexthink , the leader in Digital Employee Experience (DEX) management software, has announced that its annual Experience Everywhere event will return to the virtual stage on November 16 (Americas) & November 17 (EMEA).
  • Experience Everywhere is the virtual conference dedicated to improving Digital Employee Experience in the work-from-anywhere world.
  • This years line-up will feature thought leaders and changemakers from Amazon Web Services, Liberty Mutual Insurance, Qualtrics, Forrester, Gartner, HP Inc., and Kaiser Permanente, among dozens of others to discuss digital transformation within their organizations and how other companies can achieve a superior Digital Employee Experience.
  • Hybrid and remote work models are here to stay, said Pedro Bados, CEO and co-founder of Nexthink.

Alexandria Venture Investments Maintains Recognition as #1 Most Active Early-Stage Life Science Investor

Monday, October 18, 2021 - 1:30pm

These most recent leadership rankings are a testament to Alexandria's position at the vanguard and heart of the life science ecosystem.

Key Points: 
  • These most recent leadership rankings are a testament to Alexandria's position at the vanguard and heart of the life science ecosystem.
  • In addition to its leadership in early-stage life science venture capital investing, Alexandria Venture Investments was listed as one of the five most active U.S. investors in agrifoodtech in the 2021 AgFunder AgriFoodTech Investment Report earlier this year.
  • Alexandria Venture Investments has for more than 25 years strategically invested in some of the most disruptive life science, agrifoodtech and technology companies advancing transformative new modalities and platforms to meaningfully improve human health.
  • Alexandria also provides strategic capital to transformative life science, agtech and technology companies through our venture capital platform.

Jewel Submits Bank License Application As First Digital Asset Bank In Bermuda To Serve Global Clients With Digital Asset Banking and Stablecoin Payments Infrastructure

Thursday, October 14, 2021 - 1:05pm

HAMILTON, Bermuda, Oct. 14, 2021 /PRNewswire/ --Jewel, a proposed bank serving digital asset businesses and institutions globally from Bermuda, has submitted its formal bank application with the Bermuda Monetary Authority (BMA), in a combined full-service bank and digital asset license application (to custody digital assets and issue stablecoins directly from the bank).

Key Points: 
  • HAMILTON, Bermuda, Oct. 14, 2021 /PRNewswire/ --Jewel, a proposed bank serving digital asset businesses and institutions globally from Bermuda, has submitted its formal bank application with the Bermuda Monetary Authority (BMA), in a combined full-service bank and digital asset license application (to custody digital assets and issue stablecoins directly from the bank).
  • Jewel's planned services address the core banking and settlement needs of global digital asset firms including core banking, digital asset custody, crypto-collateralized lending, and traditional fiat and stablecoin payments.
  • Yet with this larger global market, non-US digital asset firms are underserved with respect to banking, and stable banking represents a key pain point for them.
  • A key focus of Jewel's banking infrastructure is to fill the gap in the global non-US digital asset trading market for modern digital asset banking and DLT-based settlement that underlies the large global trading volumes.

Nation’s First Quantum Accelerator, Duality, Announces First Corporate Supporters

Wednesday, October 13, 2021 - 12:00pm

Corporate supporters will provide a combination of financial support, mentorship, and other professional services and resources for Duality and its startups.

Key Points: 
  • Corporate supporters will provide a combination of financial support, mentorship, and other professional services and resources for Duality and its startups.
  • Todays announcement enhances the support for Duality companies and further strengthens Chicagoand the state of Illinoisas a global center for quantum innovation.
  • By bringing together academic research and business expertise, Duality offers quantum startups a great path for growth, said Simone Severini, Director of Quantum Computing at AWS.
  • Duality is the first accelerator program in the U.S. exclusively dedicated to supporting the launch and growth of quantum companies.

EfficientIP North America and TD SYNNEX Announce Strategic Distribution Agreement

Wednesday, October 13, 2021 - 2:00pm

EfficientIP, a leading provider of network security and automation solutions specializing in DNS-DHCP-IP Address Management (DDI), today announced a new strategic North American distribution agreement with TD SYNNEX (NYSE: SNX).

Key Points: 
  • EfficientIP, a leading provider of network security and automation solutions specializing in DNS-DHCP-IP Address Management (DDI), today announced a new strategic North American distribution agreement with TD SYNNEX (NYSE: SNX).
  • Under the agreement, TD SYNNEX adds EfficientIP DDI and DNS Security solutions to its technology portfolio.
  • The addition of EfficientIP to our portfolio further expands the array of TD SYNNEX network automation and security solutions.
  • TD SYNNEX, the TD SYNNEX Logo, and all other TD SYNNEX company, product and services names and slogans are trademarks of SYNNEX Corporation.