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Avidbank is a business bank delivering tailored financial solutions, specializing in commercial, industrial, venture, structured, asset-based, sponsor, and fund lending. It also finances real estate construction and commercial properties. Complementary offerings include Trade Finance, Foreign Exchange, and Corporate and Business Credit Card programs, supporting diverse operational and growth needs for businesses.
Founded in 2003 as The Private Bank of the Peninsula in San Jose, California, Avidbank emerged from the insight to offer innovative, full-service commercial banking to small and middle-market businesses. The bank aimed to provide a responsive, specialized approach, directly addressing the unique needs of growing enterprises.
Avidbank primarily serves small and middle-market businesses, supplying flexible capital for growth, innovation, and market expansion. It extends customized credit facilities to funds and firms, enhancing liquidity and optimizing cash flow. The bank envisions itself as a dedicated advocate, empowering clientele to confidently seize financial opportunities and successfully navigate market complexities.
Key people at Avidbank.
Avidbank was founded in 2003 by William W Phillips (Co-founder).
Avidbank has 6 tracked investments across 6 companies. The latest tracked deal is $81.0M Other Equity in Chowbus in March 2026.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Mar 11, 2026 | Chowbus | $81.0M Other Equity | Harley Miller, Kerry WEI | Dutchess Opportunity Fund II, Fika Ventures |
| Apr 26, 2023 | Summer | $6.0M Series A Extension | — | Bertelsmann Digital Media Investments, Calm Ventures, Fenway Summer Ventures, Flourish Ventures, Gaingels, General Catalyst, Greycroft, Partnership Fund For NEW York City, QED Investors, Story Ventures |
| Dec 14, 2021 | FileCloud | $40.0M Debt / Series A | Eric Filipek | — |
| May 1, 2021 | Roofr | $4.0M Seed | Bullpen Capital | Alpine Ventures, Corazon Capital, Euclid Ventures, First Round Capital, TCV, Vertical Venture Partners, Bangaly Kaba, Gautam Gupta, Louis Beryl, Crosslink Capital |
| Dec 9, 2020 | Jisto | $15.0M Debt / Series B | Stephen Brackett | Jack Egan, Greg Dracon, Plug And Play |
| Jan 28, 2020 | Directly | $20.0M Other Equity | Samsung Next | Mark Selcow, Brian Langner, M12, Northgate Capital, True Ventures |
Avidbank was founded in 2003 by William W Phillips (Co-founder).
Key people at Avidbank.
