Tech

Silicon Valley Bank takes stake in Founders Forum Group

Silicon Valley Bank Founders Forum Group

Silicon Valley Bank has taken a part ownership stake in Founders Forum Group for an undisclosed sum.

Founders Forum is a community of startup founders that run events in London, New York, Berlin, and Singapore. It is also one of the co-hosts of London Tech Week.

The deal will see Silicon Valley Bank become Founders Forum’s lead partner at events.

“The partnership will enable us to continue to improve the quality and depth of our events every year and further broaden our transatlantic reach,” said Brent Hoberman, co-founder and exec chair of Founders Forum Group.

“In addition, we will look to launch more ventures in Europe and explore opportunities to do this with Silicon Valley Bank.”

Erin Platts, CEO and head of EMEA of Silicon Valley Bank UK, said: “This exciting global partnership and part-ownership stake is an investment in our ongoing relationship with Founders Forum and commitment to support the next generation of entrepreneurs, from early-stage startups and scaleups, to large corporations and investors.”

Platts will join Founders Forum Group’s board. Hoberman has co-founded multiple UK tech startups, including now-bust ecommerce company Made.com, leaving the company before its IPO last year.

Source uktech.news

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