Wednesday, February 18, 2015

Silicon Valley Bank Sets Up Shop In Houston

In a sign of the region's growing prominence in the high tech startup market, one of the banks which specializes in startups, startup financing, and high tech companies--Silicon Valley Bank--has set up a new office in Houston. According to SVB, the new offices comes as innovation in Houston is has "reached a milestone". Silicon Valley Bank says it currently provides its banking services to more than 50 percent of all, venture capital-backed companies in the U.S., and two thirds of the venture investors. SVB said it is sharing a location with SURGE Ventures. SVB already has offices in Austin and Dallas. Silicon Valley Bank is the largest, specialized bank focused in on the high tech market.