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Silicon Valley Bank

Washington

First Citizens Innovation Banking, the former Silicon Valley Bank, runs startup banking from pre-seed to IPO with a Seattle office at 920 Fifth Avenue.

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HQ
Washington
Sectors
Banking, Commercial banking, Venture banking, Financial services
Stage
Public

Seattle Tech Week 2026 Draws ~250 Events Over Five Days, Showcasing City’s Tech Talent and Innovation

Seattle Tech Week 2026 ran five days with roughly 250 events across diverse venues, celebrating Seattle’s dense tech talent and community connections while highlighting themes from founders, investors, and academics. Organizers view the event as a community-led showcase that reinforced Seattle’s historic and ongoing contributions to cloud, AI, and other innovations.

San Diego Biotechs Outperform Bay Area Returns but Raise Only $804M in Q2 2026 as Investors Chase AI

San Diego biotech companies have delivered stronger dollar-for-dollar returns than Bay Area peers, yet the region saw just $804 million in venture funding in the quarter as investors favor AI deals in San Francisco. Deal count slipped to 62, with the largest local transaction a $171 million round for Radar and several later-stage, strategically backed life-science deals closing.

Seattle Service Providers Launch Service Provider Capital's New Pacific Northwest Fund to Invest in Early-Stage Tech Startups

Seattle service providers Minh Le, Craig Sherman, and David Wickwire are leading a new Pacific Northwest fund for Service Provider Capital, which invests in early-stage tech startups by co-investing alongside venture firms. SPC's unique model pools professionals from startup support sectors to back a broad array of local companies across multiple U.S. regions.

Stoke Space Raises $510M Series D and $100M Debt to Accelerate Reusable Nova Rocket Development

Stoke Space Technologies raised $510 million in a Series D funding round led by Thomas Tull's US Innovative Technology Fund, alongside a $100 million debt facility, to accelerate development of its fully reusable Nova rocket. The company aims to complete development and demonstrate the rocket's first flight by next year, targeting reusability of both rocket stages to reduce launch costs.

Stifel Bank’s Minh Le Urges Startups to Use Two Banks and Highlights Stifel’s $250M FDIC-Insured Cash Sweep

Minh Le, Managing Director at Stifel Bank, advises startup founders to maintain two banks (a primary strategic bank and a backup), prioritize cash safety and liquidity (highlighting Stifel’s Insured Cash Sweep offering up to $250M FDIC coverage), and consider bank choice based on platform, relationships, and product fit rather than just UI. He discusses pros and cons of Stifel, big banks, and fintechs like Mercury and Brex, and offers practical guidance on sweep accounts, treasuries, venture debt terms, working-capital facilities, and equipment financing.

Voyager Capital’s James Newell Calls for More Risk-Taking Angel Investors in Seattle Startup Ecosystem

James Newell of Voyager Capital highlights Seattle's need for more angel investors willing to make riskier startup bets and write 'low-conviction' checks, a practice common in Silicon Valley but less so in Seattle's culture. He notes the lack of experienced angel investors and the region's understated approach to investing as barriers to a more vibrant startup ecosystem.

Seattle Tech Week 2024 Draws ~75 Events, Organizers Thank JP Morgan, Ascend, Google Cloud and Sarah Studer

Seattle Tech Week 2024 featured about 75 events that brought together founders, investors, and startups, showcasing Seattle as a vibrant tech hub. Organizers thanked hosts, sponsors (including JP Morgan, Ascend, Google Cloud), community builder Sarah Studer, and noted the program expanded from last year with spillover weekend activities and large community turnout.

GeekWire Highlights: Amazon Protests, Tesla Cybertruck Test Drive, Veeam's $1.5B Revenue, OpenPipe's $6.7M Funding, and Washington's Fusion Power Support

GeekWire's most popular technology stories for the week of March 24, 2024, covered topics including Amazon protesters opposing fossil fuel use, Tesla Cybertruck test drives in Seattle, Veeam's headquarters move and revenue milestone, OpenPipe's $6.7M funding round, and Washington state's support for fusion power development.

Tagboard CEO Nate Peterson led turnaround to $6M ARR and closed $14.2M Series A in 2021 to scale cloud live-production tools

Nate Peterson, CEO of Tagboard, described his path from corporate roles at Microsoft and T-Mobile through startups and Privateer Holdings to joining Tagboard, where he led a turnaround and helped grow the company to $6M ARR before raising a $14.2M Series A in 2021. Tagboard pivoted from social-aggregation displays to cloud-based live production tools (Tagboard Producer and Cloud Graphics), now serving 500+ media brands, powering major live events, and delivering hundreds of billions of impressions annually.

Microsoft, OpenAI, and startups, with Neo CEO Ali Partovi

This week on the GeekWire Podcast, we're joined by Ali Partovi, a technology investor, entrepreneur, and mentor who is the CEO of Neo, a startup accelerator, mentorship community, and venture firm. Neo's accelerator this week announced a new AI track, working in collaboration with OpenAI and Microsoft to help startups build businesses on newly emerging artificial intelligence capabilities. Partovi, who grew up in Tehran during the Iran-Iraq war, sold his startup LinkExchange to Microsoft in 1998, was an early investor in companies including Airbnb, Dropbox, Facebook, and Uber, and 10 years ago co-founded Code.org with his twin brother Hadi Partovi…

SVB aftermath; remote work 'affliction'; and Microsoft puts AI to work

This week on the GeekWire Podcast ... We catch up on the latest on the Silicon Valley Bank collapse, and consider the long-term implications of the meltdown on the startup ecosystem and the U.S. financial system. Then, a point-counterpoint on the issue of the return to office, as Downtown Seattle Association President Jon Scholes laments the "affliction" of remote work, and Zillow Group CEO Rich Barton says the ways we work (and the places we work) have changed forever. And finally, we catch up on the latest in the world of generative artificial intelligence, listening to Microsoft CEO Satya Nadella's…

Silicon Valley Bank Collapse Prompts Full Deposit Protection but Signals Banking Challenges for Startups and Tech Industry

Silicon Valley Bank's collapse has led the U.S. government to fully protect all deposits, yet it raises significant challenges for startups and the tech industry, including more complex banking and cash management. Venture capitalists predict difficulties with venture debt financing and potential tech layoffs amid reduced venture capital investing.

What's next in the Silicon Valley Bank saga

Startups and investors cheered the U.S. government's promise this weekend to fully protect deposits after the Silicon Valley Bank collapse. But the move left many unresolved questions and challenges for the U.S. financial system and the tech industry. Our guests on this episode of the GeekWire Podcast discuss their recent experiences and offer their informed opinions on what could come next. Speaking with GeekWire co-founder John Cook are: Kirby Winfield, founding general partner of Seattle venture capital firm Ascend; and Aviel Ginzburg, general partner at Seattle VC firm Founders’ Co-op. They both reflect on what happened last week, explaining how…

People

  • Ben Parish Executive, VP of Startup Banking - PNW
  • Brendan Kennedy Executive, Former COO
  • Joaquín Gallardo Executive, Senior Vice President, Tech Banking

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