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Square 1 Bank Provides $5M Credit Facility To Kovio

[Techtaffy Newsdesk]

Square 1 Bank has provided a $5 million debt facility to new, San Jose-based client, Kovio. Proceeds of the credit facility will be used to support the company’s growth.

Kovio investors include Kleiner Perkins Caufield & Byers, DAG Ventures, and Tyco, among others.

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Bipsync Raises $1.5M

Bipsync, a research automation platform for investment professionals, has closed a $1.5 million round of seed financing. Investors in the round include Russell Siegelman (Stanford Lecturer and Partner Emeritus, Kleiner Perkins Caufield & Byers), David Eisner (Founder of themarkets.com), and Steadfast Venture Capital.