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Share Name | Share Symbol | Market | Type |
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SVB Financial Group | NASDAQ:SIVB | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 106.04 | 120.00 | 0.01 | 0 | 01:00:00 |
SANTA CLARA, Calif., July 13, 2021 /PRNewswire/ -- Silicon Valley Bank (SVB), the bank of the world's most innovative companies and their investors, today released its Future of Climate Tech report. This report analyzes the trends in venture capital investing, fundraising and exits that are shaping climate tech and helping to address the significant risks of climate change.
"As the dangers of climate change have become clearer and the technologies aimed at reducing these impacts have matured, more investors and entrepreneurs have turned their attention to climate tech," said Kelly Belcher, Managing Director of SVB's Energy & Resource Innovation (ERI) practice and author of the report. "While the effects of the climate crisis are sobering, we are optimistic about a sustainable future based on the innovations and technologies we see coming to market and the capital being committed to the sector."
Key highlights from the report include:
Climate tech encompasses sectors focused on technologies and business models to mitigate climate change:
SVB's Energy & Resource Innovation practice partners with innovators whose passion and purpose lie in building businesses to develop sustainable resources and protect our planet. SVB delivers access to a foundation of banking and financing solutions and a team with decades of industry experience.
SVB will host a live webinar with Kelly Belcher to discuss the report and the future of the climate tech industry on July 13, 2021 at 10:00 a.m. PT with Milo Werner, Partner at Ajax Strategies, Mona Maitra, Managing Director at Silicon Valley Bank, and Lafe Vittitoe, Managing Director at Silicon Valley Bank. Register for the live event here.
Read SVB's Future of Climate Tech report here: bit.svb.com/climate-tech-report
About Silicon Valley Bank
For nearly 40 years, Silicon Valley Bank (SVB) has helped innovative companies and their investors move bold ideas forward, fast. SVB provides targeted financial services and expertise through its offices in innovation centers around the world. With commercial, international and private banking services, SVB helps address the unique needs of innovators. Learn more at svb.com.
View original content to download multimedia:https://www.prnewswire.com/news-releases/silicon-valley-banks-climate-tech-report-highlights-the-technologies-and-economics-of-a-sustainable-future-301332479.html
SOURCE Silicon Valley Bank
Copyright 2021 PR Newswire
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