Strategic Capital

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

SVB provided:

• $20 million mezzanine loan and senior debt package prior to Series D.
• $20 million convertible note to refinance previous mezzanine facility prior to Series F.
• $35 million second convertible note facility totaling $75 million 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:

• $75 million recurring revenue line of credit and a $75 million 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.

Stoke sought a venture debt solution alongside its equity raise to expand production capacity for the Nova vehicle and complete activation of Launch Complex 14 at Cape Canaveral.

SVB provided:

• A flexible partnered $100 million venture debt facility to help accelerate the capital initiatives mentioned above.
• The facility has helped the company and investors avoid significant dilution, which provides material savings had the company raised additional equity instead.