Bank to teach startups about financing after angel investment
NOVATO — Circle Bank today announced it has partnered with Keiretsu Forum, said to be the world’s largest angel investor network, to provide financing advice to startup and early-stage companies in the North Bay and San Francisco.
Through the arrangement Circle Bank becomes the exclusive bank for the North Bay and San Francisco chapters of the forum, according to bank spokesman Gary Tobin. The institution will educate members on ongoing financing beyond that of angel investors, participate in forum events and give presentations as requested. The bank will not participate in the approval process for Keiretsu investments.
“Circle Bank is a perfect partner for Keiretsu Forum in San Francisco and the North Bay,” said Randy Williams, Keiretsu chief executive and founder, in a statement. “We have met extensively with Kim (Kaselionis, Circle Bank CEO and chairwoman) and her staff, and they have a thorough understanding of the banking needs of the entrepreneurs.”
The partnership adds to the bank’s other initiatives supporting startup and early-stage businesses. That includes the Women’s Initiative loan program, which has funded several entrepreneurs.
“The initiative with the Keiretsu Forum is another demonstration of our commitment to working innovatively with the community and entrepreneurs to create jobs,” said Ms. Kaselionis in a statement.
Created in 2000, Keiretsu Forum has 850 accredited investors as members and 21 chapters worldwide. Since its founding, more than $260 million have been invested in high tech and other startups.
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