The collapse raised concerns that the end of decades-long era of cheap money would reveal cracks in the global financial system as climbing interest rates expose vulnerabilities in the economy.
Below is a list of companies across the globe that have revealed their exposure to SVB:
NORTH AMERICA
ROBLOX
Online gaming firm says about 5% of its $3 billion cash and securities balance, or about $150 million, as of Feb. 28 were held with SVB.
ROKU
Streaming devices maker says it has about $487 million, or 26% of its cash and cash equivalents, held in deposits with SVB.
CIRCLE
U.S. cryptocurrency firm Circle says $3.3 billion of its $40 billion of USD Coin reserves are at SVB.
BLOCKFI
Bankrupt crypto lender BlockFi Inc. has roughly $227 million in unprotected funds at SVB, The Wall Street Journal reported Friday.
VIR BIOTECHNOLOGY
Biotech firm says it maintains operating accounts at SVB with about $220 million as of Friday.
SUNRUN
Residential solar company Sunrun Inc. says it has cash deposits with SVB totaling nearly $80 million, while SVB’s undrawn commitment in the non-recourse senior aggregation warehouse facility is about $40 million.
OAK STREET HEALTH INC.
Healthcare firm says SVB is lender for $300 million term loan credit facility along with Hercules Capital Inc, of which company has drawn $75 million.
EUROPE
Around 16 tech and life sciences companies in Europe have disclosed about $190 million in exposure to SVB in the UK and the United States.
TRUSTPILOT GROUP PLC
The Danish firm, which runs a global review platform, says SVB UK was its principal banking partner, with $36 million held in the bank and $18 million is currently in transfer out of SVB UK but pending confirmation
DIACEUTICS
The technology and solutions provider to the pharma industry warns of material uncertainty over its ability to service its working capital in the short term. It had most of its 22.2 million pounds in cash in SVB accounts and tried to move its cash before SVB’s closure but the transaction is pending
DIANOMI
The digital advertising services provider says about 3.8 million pounds was held across a variety of different currency accounts with SVB and SVBUK, and it is actively working to recover these deposits
GLANTUS HOLDINGS
Ireland-based SaaS provider says it uses SVB for its U.S. operations and its maximum exposure is expected to only slightly exceed $250,000, which is insured by FDIC
ZEALAND PHARMA
The Danish drug developer has deposits totalling 162.6 million Danish crowns ($23.4 million) at SVB, which was about 15% of the group’s liquid funds
PHARMING GROUP NV
The biopharmaceutical company says it has $26 million of deposits at SVB U.S., and expects to not bear any losses on these deposits
KINNEVIK AB
The Sweden-based investment firm says its pro rata share of SVB deposits amounts to less than $20 million
RWS HOLDINGS PLC
The intellectual property services provider says a small cash position held within SVB in U.S. is expected to be fully protected under Federal Deposit Insurance Corporation Scheme. It adds that SVB UK holds a portion of its forward currency contracts
AUCTION TECHNOLOGY GROUP
The UK-based technology company says it had a senior facilities arrangement with a syndicate of six banks of which SVB represents one sixth of the respective drawn and undrawn amounts on the facilities
PCI-PAL
The UK-based SaaS provider says it had about 3.2 million pounds of cash in accounts with SVB, its principal bank, split between the U.S. and the UK as of March 9
YOURGENE HEALTH PLC
The molecular diagnostics company says it has a term loan facility with SVB UK and believes its SVB deposits are protected by relevant insurance schemes in UK and the U.S.
WINDWARD LTD
The British technology company says total exposure above the amounts protected by the Federal Deposit Insurance Corp. Scheme and the Financial Services Compensation Scheme is less than 0.5% of the company’s cash position of $22.2 million
TECHNOPROBE SPA
The Italian semiconductor and microelectronics firm says its exposure to SVB represents 2.5% of its cash and cash equivalent. A broker estimates this at about 10 million euros ($10.71 million)
ASIA-PACIFIC
NITRO SOFTWARE
Australia’s productivity software maker Nitro Software Ltd said it had about $12.18 million of its global cash reserves held on deposit at SVB. Nitro, which is in process of being acquired by private equity firm Potentia Capital, said the development does not impact the takeover offer
SEZZLE INC
Australian buy-now-pay-later firm Sezzle Inc said it had about $1.2 million of its total cash and cash equivalents held at SVB, adding that funds on deposit with SVB are not material to its ongoing business or operations
XERO LTD
Australian accounting software maker Xero Ltd said it did not have a material exposure to SVB, with total exposure at $5 million as at March 10
LIFE360 INC
Australian location-based services provider Life360 Inc said it estimated its exposure to be up to $5.6 million, with no significant disruption to operations
KUWAIT FINANCE HOUSE
The bank says it has $1.2 million exposure to SVB but has no material financial impact from the fallout
($1 = 0.9338 euros)
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