Central Florida startups take limited hit from Silicon Valley Bank collapse, but investors worry about wider effects

Silicon Valley Bank claimed to bank nearly half of venture-backed companies last year, but only 16% of Orlando-based DeepWork Capital LLC’s portfolio companies banked at the Santa Clara, California-based financial institution that collapsed Friday and was taken over by regulators.

DeepWork didn’t bank with Silicon Valley Bank, and its portfolio companies that did only faced “minor” issues because they also banked elsewhere, DeepWork General Managing Partner Ben Patz told Orlando Inno.