Silicon Valley Bank is providing $300m (€266m) in credit to Irish technology and life sciences companies, a pot backed by the Irish Strategic Investment Fund (Isif).
The agreement between the specialist US lender and the State development fund announced yesterday.
Silicon Valley Bank (SVB), the leading corporate banker in California's dot.com heartland, entered the Irish corporate finance market in 2012 and since has provided €226m to 29 Irish tech and medical sciences companies.
