Picochip, a UK-based supplier of computer chips, has raised $9m in venture debt from Silicon Valley Bank, the commercial banking division of Nasdaq-listed SVB Financial Group.
In June, Samsung and Intel’s corporate venturing units backed PicoChip’s $20m sixth equity funding round.
The debt facility consists of a $4m three-year term loan and a two-year $5m working capital line of credit.
Phil Cox, head of UK, Europe and Israel for Silicon Valley Bank, said: "Picochip is an exceptional business with a market leading position within the global femtocell market."
Picochip has also moved to a new headquarters and engineering centre in its home city of Bath, acquired an advanced test laboratory in Cambridge, UK, and announced plans to double the size of its development centre in Beijing, China.
Separately, Simon Andrews has left Silicon Valley Bank to join UK-based venture capital firm Octopus Investments.
He will work alongside Simon Murdoch and Alex Macpherson to manage and develop its venture portfolio, which includes Zoopla, True Knowledge and Prismastar.