With commercial, worldwide and personal banking services, SVB helps address the unique needs of innovators. Silicon Valley Bank is offering a revolving line of credit score of up to $15 million to meet the corporate’s near-time period working-capital wants. Also, the company’s main buyers and different lenders have provided the corporate with $6 million in loans that largely consist of convertible notes. The funding might be used to support the company’s expansion plans in the U.S. Kerecis closed a $16 million Series C equity financing in April 2019.
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