Square 1 Financial Raises $20.6M Through Private Placement
October 3, 2012
Square 1 Financial has raised $20.6 million through a private placement of its common stock. The shares were sold to existing institutional shareholders. Square 1 Financial's subsidiary Square 1 Ventures was founded in 2007 to manage a series of venture capital fund-of-funds, while its subsidiary Square 1 Bank is a commercial bank that provides financial services to the VC community and entrepreneurs.