Silicon Valley Bank and OneEleven Announce Partnership to Support the Growth of Canadian Startups
Company news | September 18, 2019
There is no doubt that Canada is a growing centre of talent, innovation and investment opportunities. As Canada continues to establish its prominence in the global technology landscape, Silicon Valley Bank (SVB) aims to help innovative companies and their investors be successful at every stage of their lifecycle.
After officially launching in Canada earlier this year, SVB is furthering its commitment to supporting Canada’s most innovative companies through a partnership with OneEleven, a community of more than 50 high-growth scale-ups based out of a 100,000 square foot facility in the downtown Toronto core.
“SVB and OneEleven are aligned in their missions to support the growth of innovative companies in Canada,” said Win Bear, Head of Business Development in Canada at SVB. “We’re proud to partner with OneEleven to bring resources and growth opportunities to this group of incredible companies and facilitate their scalability and success in a competitive, global environment.”
SVB offers a range of specialized financial services through locations around the world and has provided financial services via its US operations since 2000. Canadian clients include 360insights, Borrowell, Drop, Wave, Xanadu, HLS Therapeutics and Xenon Pharmaceuticals.
“Our mandate is to help Toronto tech companies grow quickly, sustainably and impactfully, bringing new ideas and industries to market,” said Siri Agrell, OneEleven’s Executive Director. “We want partners who understand what our companies need and how they can help, and I know that SVB is absolutely aligned with our mandate and driven to help our companies scale.”
Through the partnership, SVB will provide support and expertise to OneEleven companies through bi-monthly office hours and a series of curated programming events focused on issues of scale, and will participate in quarterly investor showcases, providing expert feedback and insights to participating member companies.
About Silicon Valley Bank
For more than 35 years, SVB has helped innovative companies and their investors move bold ideas forward, fast. SVB provides a wide range of financial services and targeted expertise to companies of all sizes in innovation centres around the world. In Canada, SVB helps address the unique needs of innovators with commercial lending products. Learn more at svb.com/canada.
Silicon Valley Bank, an authorized foreign bank branch under the Bank Act (Canada).
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Established in 2013, OneEleven is home to a community of 50+ high-performing technology scaleups. We understand that scaling companies need more than just space. They need time. OneEleven works to provide founders with everything they need so that they can focus on what's most important: building their business.
Our highly curated community, flexible facilities, programming, and best-in-class partnerships are designed to meet the unique needs of technology scaleups. OneEleven membership provides unparalleled access to peer networks, investment capital and strategic support, as companies grow their teams and their markets.