First Citizens Innovation Banking
VC Fund
Santa Clara, United States
First Citizens Innovation Banking is a VC fund in Santa Clara focused on Software and Health Care. First Citizens Innovation Banking works with technology, life science, cleantech, venture capital, private equity, and premium wine businesses. SVB provides industry knowledge and connections, financing, treasury management, corporate investment, and international banking services to its clients worldwide through 27 U.S. offices and seven international operations. Banking innovative companies and exclusive wineries, Silicon Valley Bank’s diverse financial services, knowledge, global network, and world-class service increase its clients’ probability of success. Forbes Magazine ranks SVB among America’s Best Banks, and Fortune Magazine named SVB one of the Best Companies to Work For in 2012.
- Total investments:
- 793
- Last investment:
- Lead investor:
- 40%
- Last fund:
Last updated:
For AI agents: llms.txt
Industries First Citizens Innovation Banking invests in
Stages First Citizens Innovation Banking invests in
Countries First Citizens Innovation Banking invests in
Round sizes
Contacts
| Name | Phone | Socials | |
|---|---|---|---|
| See all 42 contacts → | |||
Round size
- Series A
- $5.3M–$27M
- Series B
- $8M–$45M
- Debt Financing
- $2M–$105M
Investment Focus
Industry
- Software 177 (22%)
- Health Care 122 (15%)
- Biotechnology 99 (12%)
- SaaS 94 (12%)
- Information Technology 83 (10%)
Stage
- Debt Financing 315 (40%)
- Series B 83 (10%)
- Series A 79 (10%)
- Post-IPO Debt 75 (9%)
- Series C 55 (7%)
Country
- United States 528 (67%)
- Canada 47 (6%)
- United Kingdom 44 (6%)
- China 8 (1%)
- Germany 8 (1%)
Team
| Name | Title | Investments | Links | |
|---|---|---|---|---|
Dennis Grunt
Director
|
Director | Total investments: 3 | Find email | |
Jesse Bardo
Director
|
Director | Total investments: 1 | Find email | |
Keith Cox
Head of Sponsor and Leveraged Finance
|
Head of Sponsor and Leveraged Finance | Total investments: 0 | Find email | |
Laura Scott
Managing Director
|
Managing Director | Total investments: 2 | Find email | |
Nicole Hawkey
Director
|
Director | Total investments: 1 | Find email | |
| See all 42 team members → | ||||
Investments
| Company | Description | Round | Links |
|---|---|---|---|
| Capitolis is the technology company helping to create safer and more vibrant financial markets by unlocking capital constraints and enabling greater access to more diversified capital and investment opportunities. Rooted in advanced technology and deep financial expertise, Capitolis powers groundbreaking financial solutions that drive growth forglobal and regional banks – and institutional investors alike. | $100M / Debt Financing / Oct 06, 2026 | ||
| Torch Sensors is an Internet firm that offers outdoor fire detection early enough to reduce damages. | $2M / Debt Financing / Oct 06, 2026 | ||
| MessageBird powers communication between businesses and their customers — across any channel, always with the right context, and on every corner of the planet. Its products and solutions are the foundational building blocks to business communications across preferred channels, like SMS, Voice, WhatsApp, WeChat, Messenger, Email and more. Founded inAmsterdam in 2011, MessageBird connects to billions of devices and is trusted by nearly 20,000 customers. It operates across nine worldwide hubs and is proud to be a “Work Anywhere” company. | $450M / Debt Financing / Sep 23, 2026 | ||
| JetZero develops commercial aircraft centered on an all-wing or blended wing body design that integrates the fuselage and wings into a single structure to improve aerodynamics and reduce fuel use. The company is advancing the Z4 airplane, which targets lower fuel consumption and associated emissions compared with conventional tube-and-wing jets,and is working with industry partners on systems like engines, composites, and potential hydrogen fuel adaptations. JetZero collaborates with aerospace suppliers, research organizations, and regulatory bodies to design, test, and prepare full-scale demonstrators with the aim of advancing certification and entry into service. The company’s work includes aerodynamic simulation, structural engineering, and exploring sustainable fuel solutions to address aviation’s environmental goals. | $100M / Debt Financing / Aug 31, 2026 | ||
| Critical Energy is an energy based firm that generate electricity with the help of heat through modular and geothermal power plant. | $3M / Debt Financing / Jun 17, 2026 | ||
| Parafin is a financial infrastructure company that provides platforms with embedded financial products for their small businesses by abstracting the complexity of capital markets, underwriting, servicing, compliance, and customer support. Small businesses can run and grow themselves despite uncertain economic conditions by powering the financialservices of marketplaces and payment processors. In less than three years, Parafin has launched on Amazon, Walmart, DoorDash, TikTok, and more platforms to serve hundreds of thousands of businesses and extended over $8 billion in offers. | Debt Financing / May 05, 2026 | ||
| Hermeus is an aerospace and defense company that develops hypersonic aircraft capable of reaching speeds around Mach 5. The company’s core mission is to drastically reduce global travel times by creating next-generation aircraft that can fly significantly faster than traditional commercial jets. Its flagship programs include the Quarterhorse seriesof high-speed test aircraft and the development of the Chimera engine, a turbine-based combined cycle propulsion system designed for hypersonic flight. Hermeus follows a rapid, iterative development approach, building and testing multiple prototypes to accelerate innovation and reduce engineering timelines. The company collaborates with organizations such as the U.S. Air Force and NASA, positioning its technology for both commercial aviation and defense applications. | $150M / Debt Financing / Apr 07, 2026 | ||
| Realta Fusion develops fusion energy technology for the production of industrial heat and power. It applies advances in super-conducting materials, plasma physics, and computing power to a simple linear fusion reactor configuration. It utilizes abundant fuel sources to provide a zero-carbon source of heat and power. | $9.5M / Debt Financing / Feb 17, 2026 | ||
| Float offers modern financial services, powerful software and industry-leading support designed for every company and stage of growth. Our product suite includes corporate cards, bill pay, expense management and high-yield accounts, giving finance teams everything they need to manage spending and cash flow efficiently. | $73.1M / Debt Financing / Jan 26, 2026 | ||
| Positive Development is improving lives by helping develop the skills to connect with one’s self, family, and community. The company also provides mental and physical health services to children with developmental challenges and their families. They focus on the relationships between parents, caregivers, therapists, and children. Their researchvalidated model is grounded in a deep understanding of the natural and joyful ways that children acquire and strengthen social-emotional skills. Positive Development was founded in 2019 and is based in Washington, DC, USA. | $45M / Debt Financing / Jan 13, 2026 | ||
| See all 793 investments → | |||
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FAQ
What does First Citizens Innovation Banking invest in?
First Citizens Innovation Banking invests primarily in Software, Health Care and Biotechnology startups, most often at Debt Financing and Series B stage. Most of the 793 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.
What round sizes does First Citizens Innovation Banking invest in?
First Citizens Innovation Banking typically joins rounds of $5.3M–$27M at Series A, $8M–$45M at Series B and $2M–$105M at Debt Financing. These are whole funding-round sizes, not First Citizens Innovation Banking's own check, which is rarely disclosed: the 10th–90th percentile of the confirmed public funding rounds First Citizens Innovation Banking took part in.
How do I contact First Citizens Innovation Banking?
Public channels for First Citizens Innovation Banking include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.
Who are the partners at First Citizens Innovation Banking?
The team at First Citizens Innovation Banking includes Dennis Grunt (Director), Jesse Bardo (Director) and Keith Cox (Head of Sponsor and Leveraged Finance), among 42 team members tracked by Shizune. The Team section lists each member with their title, investment count and links.
Is Shizune's investor data accurate?
Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Oct 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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