SVB Capital Builds Life Science & Healthcare Investment Team Led by Jennifer Friel Goldstein
Silicon Valley Bank (SVB), the bank of the world’s most innovative companies and their investors, announced the appointment of Sunita Patel as Head of Business Development for its Technology and Healthcare practice. Sunita will succeed Jennifer Friel Goldstein, who is joining SVB’s venture capital arm, SVB Capital, as Managing Partner to lead the firm’s new Life Science & Healthcare investment team and help stand up a life sciences direct investment fund.
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Building Silicon Valley Bank’s Technology and Healthcare Business
In her role as Head of Business Development, Sunita will oversee venture capital relationship management, corporate venture relationship management, sales origination and SVB’s emerging managers practice across the US. She will report to Dave Sabow, Head of Technology and Healthcare Banking, North America and will be based in Palo Alto, California.
“The opportunities for our clients in the innovation economy continue to grow and we are fortunate to have the experienced professionals on staff who can help accelerate their success,” said Mike Descheneaux, President of Silicon Valley Bank. “Sunita has been helping innovative companies and their investors build their businesses for many years and we are thrilled to have her join our team at SVB. We look forward to helping many more clients together.”
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Sunita has spent her entire career focused on the innovation economy and has extensive experience building relationships with venture capital firms and providing lending and financial services support to venture-backed technology companies. She was most recently the President of Comerica Bank’s Technology and Life Sciences Division, where she oversaw lending teams across the US and Canada. Previously, Sunita spent 20 years managing Comerica Bank’s Venture Capital Group.
Sunita is a member of the VCNetwork, and an early sponsor of the organization. She is a charter member of The Indus Entrepreneurs, a global entrepreneurship organization, and serves on the advisory board for The Forum for Women Entrepreneurs and The Women’s Technology Cluster. She is also a longtime supporter of the American India Foundation.
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