Toronto, June 16, 2009 - MMV Financial Inc. (MMV) one of North America’s leading venture debt firms today announced the addition of Jon Krogstad to its senior management team reinforcing the company’s presence in the United States. Mr. Krogstad joins MMV Financial as Senior Vice President. Based in Palo Alto, CA Mr. Krogstad will be responsible for the business development activities of MMV in the western United States.
“The success of MMV Financial is due, in many respects, to our ability to build a top quality team of high integrity individuals with deep networks in the technology and venture capital communities. Given Jon’s experience and long standing activity within the California marketplace he most certainly fits this bill” says Chief Executive Officer, Minhas Mohamed.
Having financed more than 100 companies in all stages of growth, Mr. Krogstad brings eighteen years of experience in providing innovative financial solutions to emerging technology companies. Prior to joining MMV Mr. Krogstad launched the silicon valley office of Vencore Capital, a provider of debt capital to early stage companies. Prior to joining Vencore Jon was a founding member and manager of the Venture Banking Group at Greater Bay Bank where he built a team of experienced professionals that grew the company to over $600 million in assets. Prior to founding the Venture Banking Group, Mr. Krogstad served in a variety of lending positions within Cupertino National Bank and Union Bank. Mr. Krogstad graduated as the Dean’s Medalist from California State University Fresno, earning a B.S. in Business Administration with an emphasis in finance.
“We are extremely excited to have Jon join MMV’s senior management team, where we will benefit immensely from his in-depth experience of the venture debt market in both the Technology and Life Sciences markets” said April Young, Senior Vice President and Managing Director US. “We are delighted that Mr.Krogstad is joining our organization at this time and is a clear indication of our commitment to this new market” added Mrs. Young.
About MMV Financial Inc.
Managed by a high quality team of industry veterans with over 150 years of collective experience in operating, financing and growing companies, MMV Financial Inc. (“MMV”) provides timely and effective growth capital to emerging technology, life science and clean-tech companies at all stages of development. MMV is backed by large U.S. and Canadian private equity firms and financial institutions including CCP Equity Partners, Caisse de dépôt et placement du Québec, Fonds de Solidarité des Travailleurs du Québec, HSBC Bank Canada, NewStar Financial Inc., ROI Capital, and Wells Fargo Company. For more information please visit: www.mmvf.com
Contacts:
Minhas Mohamed
President and CEO
MMV Financial Inc.
(416) 977 9718
Jon Krogstad
Senior Vice President
MMV Finance USA Inc.
(650) 241 0320
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