Firms

SVB Capital

SVB Capital

Menlo Park, California, United States

svbcapital.compinegrove.vc

Historical venture capital and private credit investment platform founded in 1999 within SVB Financial Group. SVB Capital managed venture fund-of-funds, direct company investments, co-investments and venture debt strategies for institutional limited partners, with exposure to technology, AI, deep technology and life sciences. Its verified historical team includes co-founder Aaron Gershenberg, Sulu Mamdani, John China, Efrat Turgeman, Carolyn Mazonson and former life-sciences investment lead Jennifer Friel Goldstein. Komodo Health named SVB Capital in its March 2021 Series E. The business was acquired through a Pinegrove affiliate on September 26, 2024 and rebranded Pinegrove Ventures; its historical records remain separate from Silicon Valley Bank, the operating bank, and the Pinegrove umbrella formed in 2023. Historical SVB Capital logo and team roles are expressly identified as such. AppliedVR named SVB Ventures in 2021; the exact legal or manager alias has not been independently resolved and is not assigned to this profile.

Founded
1999
Type
Venture capital

Funds1

  • Sprout Endurance Partners$392M

    Historical SVB Capital fund; SVB-published PitchBook/NVCA Venture Monitor reports a $392 million completed fund close dated May 18, 2018.

Team

Operations and support

Aaron GershenbergAaron GershenbergCo-founder and Managing Partner (historical SVB Capital)
Carolyn MazonsonCarolyn MazonsonVice President (historical SVB Capital, verified 2021)
Efrat TurgemanManaging Director (historical SVB Capital, verified 2020)
Jennifer Friel GoldsteinJennifer Friel GoldsteinFormer Managing Partner, Life Science and Healthcare
John ChinaPresident (historical SVB Capital, verified 2020)
Sulu MamdaniManaging Partner (historical SVB Capital)

Co-investing

Silicon Valley Bank
ICONIQ Capital

Investments