SVB’s $9.5 Billion Venture Unit Included Large Investments in Andreessen, Sequoia, Documents Show

A pedestrian passes a Silicon Valley Bank branch in San Francisco, on Monday, March 13, 2023. Photo by AP.

As potential buyers circle the remnants of Silicon Valley Bank and its affiliates, one asset could be particularly appealing: the company’s venture capital arm. The unit manages $9.5 billion with stakes in many of Silicon Valley's top-tier venture firms, including Sequoia Capital, giving it indirect access to some of the tech industry’s most valuable startups, such as Stripe.

Previously unreported documents show SVB Capital invested $234 million in Sequoia Capital through two SVB funds as of May 2022. The SVB unit also invested $173 million in Andreessen Horowitz funds through the two vehicles, which were raised in 2018 and 2021, along with $145 million in fintech-focused Ribbit Capital’s funds, according to a presentation SVB shared with prospective investors last year. (See a chart of 10 SVB fund holdings below.)