TORONTO, June 16 /CNW/ - 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
For further information:
For further information: Minhas Mohamed, President and CEO, MMV
Financial Inc., (416) 977-9718, email@example.com; Jon Krogstad, Senior Vice
President, MMV Finance USA Inc., (650) 241-0320, firstname.lastname@example.org