Silicon Valley Bank
If you've raised your first million and want dedicated service to help you grow then this is your bank. They have an entrepreneurial ethos and want to help you grow out of the garage and into a multi-billion dollar company. It still operates like a traditional bank and has similar support systems for entrepreneurs that First Republic Bank offers to their customers.
Mercury Bank
Mercury is a startup-focused challenger bank that launched in mid-2019. They provide an FDIC-insured checking account, debit card, savings account (earning 1-2%) with an application that is finished on average in under 10 minutes and approved usually within a few hours. They also help with cashflow analytics, programmatic payments, instant runway estimates, and more. Currently, there is a Standard account that has no minimum requirements and savings that earns 0.75% and a Tea Room account that earns 1.45% savings and gives you access to partner rewards.
First Republic Bank
First Republic Bank has been leading a charge into banking for venture funds and their portfolio investments. Super high touch customer service. Beyond banking, they provide a variety of added-value services like throwing events for founders, helping with introductions, and even publishing your thought leadership articles on their blog. Additionally, they are helpful with expertise on private placements of block trades and 409(a) valuations. If you happen to have a direct connection with someone at SignalFire reach out for a warm introduction to a rockstar team.