AMCS agrees €8.25m financing facility with Silicon Valley Bank
The latest lending round follows on from AMCS — which specialises in environmental technology solutions for the likes of fuel-efficient vehicle makers and the waste management and recycling sectors — creating 130 jobs on the back of a €23.4m funding round, led by global venture capital firm, Highland Capital Partners Europe and Investec Ventures, via the Ulster Bank Diageo Venture Fund, back in January.
The new loan, from Silicon Valley Bank, which is seen as the premier lender to the technology and life sciences sectors, will boost the general working capital requirements of AMCS, but also help it pursue its acquisition strategy.
