Strategic Capital

BigCommerce turned to SVB Strategic Capital for capital strategies in 2014, 2017 and 2020 before IPO. 

SVB provided: 

• $20M mezzanine loan and senior debt package prior to Series D.
• $20M convertible note to refinance previous mezzanine facility prior to Series F.
• $35M second convertible note facility totaling $75M in credit support in advance of a planned IPO.
• The runway extension helped management and investor avoid significant dilution, saving the company millions had they raised equity instead.

Icertis sought a working capital solution and a more flexible junior facility from various providers to continue investing in business.

SVB provided: 

• $75M recurring revenue line of credit and a $75M convertible debt facility strengthened Icertis' enterprise value growth potential, market share and leadership position.
• Upon an exit, Icertis will have the convertible note eliminated to allow for minimal to no debt as a public company.

SentinelOne aimed to aggressively invest in scaling the business ahead of a Series D and reach critical ARR thresholds to drive a step-function in valuation appreciation. 

SVB provided: 

• $27.5M in non-covenanted debt and mezzanine term loan and A/R line of credit to ramp sales ahead of the Series D raise.
• The capital drove higher margins and scale during the equity raise and stronger investor interest from a more diverse investor base.