Silicon Valley Bank (SVB) UK has announced the opening of a representative office in Stockholm as part of its continued expansion in the Nordic region, following the establishment of an office in Denmark in late 2019.
This move aims to enhance SVB UK’s presence in Sweden and accelerate capital deployment through debt financing in the country’s innovation sectors, as well as in venture capital and private equity funds. The expansion follows SVB UK’s recent subsidiary process completion.
Maria Ljungberg has been appointed as the country director to lead this expansion and will be responsible for developing SVB’s offerings in Sweden. Ljungberg previously served as CEO of Propel Capital and has startup experience through the startup accelerator Sting.
Ljungberg expressed her enthusiasm, stating, “I believe Silicon Valley Bank, with its global brand, network, and expanding platform, has a lot to offer the Swedish market. It is a financial partner that understands the needs of innovation businesses and helps fuel their growth at every stage. I’m excited to build and grow our presence to make Silicon Valley Bank the go-to partner for the Swedish innovators, investors, and ecosystem influencers.”
Erin Platts, CEO of Silicon Valley Bank UK and head of EMEA, remarked, “Our new presence in Sweden is a natural expansion of our commitment to the Nordics and will make Sweden our sixth location across EMEA, playing an important role in our future growth strategy and vision for Silicon Valley Bank in EMEA.”
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