Square 1 Bank Announces Credit Facility to Molio, Inc.
29 September 2015 - 3:00PM
Square 1 Bank, the premier banking partner to entrepreneurs and the
venture capital community, today announced that it has provided a
$1 million credit facility to new client Molio, Inc., a creative
and media agency focused on building brands through YouTube.
Proceeds from the facility will be used to fuel the company's
continued growth and expansion.
A 2015 spin-off of oral care company, Orabrush, Inc., Molio's
brand-building model combines intelligent ad placement software and
advertising services such as content creation, video optimization
and media placement to generate hyper-targeted marketing campaigns
that increase awareness, engagement and conversions. Molio's
YouTube expertise is a clear differentiator in the online video
marketing community. Its comprehensive approach enables companies
to successfully build brands and launch products on a global scale,
focusing first on YouTube and then expanding to other relevant
channels.
"We significantly value the strategic partnership we have with
Square 1 Bank," said Scott Wright, chief financial officer of Molio
and Orabrush. "It is a breath of fresh air to work with a credible
financial institution that understands the needs and circumstances
of up and coming businesses like ours. Square 1's approach to
growth-stage lending has allowed us to fuel our successful business
model without bogging us down with overly burdensome administrative
tasks and covenant restrictions. Over the years of our partnership,
their customer service and efforts to understand and help our
business have been unparalleled."
Jody Shepherd, senior vice president in Square 1 Bank's
technology banking practice, added, "Having worked with the
Orabrush team for several years, we knew they were building a solid
company that was poised for expansion. The Square 1 team is excited
to see Molio's unique approach and proven technology serving a
broader client base, and we look forward to supporting their growth
for years to come."
About Molio
Molio (www.molio.com) is the leading marketing company
delivering YouTube centric campaigns, combining creative content
and programmatic media buying to build brands. Molio reaches
audiences in a unique way, resulting in brands having more exposure
and industry-leading results on YouTube and other digital video
platforms. Molio has led some of the most successful and recognized
digital video campaigns, including globally launching several
brands. Today, Molio is partnering with dozens of forward thinking
industry leading brands to increase the effectiveness and results
of their digital marketing efforts.
About Square 1 Bank
Square 1 Bank is a full service commercial bank dedicated
exclusively to serving the financial needs of the venture capital
community and entrepreneurs in all stages of growth and expansion.
Square 1's expertise, focus and strong capital base provide
flexible resources and unmatched support to meet our clients'
needs. Square 1 has offices coast-to-coast in Austin, the Bay Area,
Boston, Chicago, Denver, Durham, Los Angeles, Minneapolis, New
York, San Diego, Seattle and Washington, DC. For more information,
visit www.square1bank.com.
CONTACT: Media Contact:
Square 1 Bank
Dee McDougal
919.597.7479
dmcdougal@square1bank.com
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