News

VC bank extends NanoLumens credit for growth

August 23, 2013

Square 1 Bank, a banking partner to entrepreneurs and the venture capital community, announced today it has provided a credit facility to NanoLumens, the rapidly growing Atlanta-based manufacturer and marketer of flexible and fixed LED displays. Proceeds from the facility will help fuel continued growth for the company, the announcement said.

"Square 1 Bank has a demonstrated record of success in helping entrepreneurs and their companies rapidly scale their business," Nanolumens President and CEO Rick Cope said in the announcement. "The proceeds of this new credit facility will help us to better meet the rapidly growing demand for our solutions while we continue to develop a host of new products for both current and new markets. The strong and consistent support of our partners at Square 1 Bank is going to play an important role in our continued success."

Peter Meath, co-founder and senior vice president in Square 1 Bank's technology banking group, said in the announcement that he was "very impressed with the vision, experienced management team and long-term business plan of Nanolumens. Square 1 is excited to be a part of their continued success in the digital signage space."

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