Square 1 Bank, a venture lending institution, has signed on to use a venture capital database from VentureDeal.
VentureDeal, which is based in Menlo Park, Calif., offers on-demand data about technology companies, venture capital firms, and transactions.
Square 1 will use the database throughout its organization.
"VentureDeal assists Square 1 by providing access to vital market intelligence in support of our singular focus on serving venture capital firms and the companies they back," said Robert Orr, head of strategy and marketing at Square 1. "After initial testing, we made the service available by request and currently have 70 percent of our lending officers voluntarily using the service. The ability to have real-time access to detailed information adds to our competitive advantage in this fast-moving industry."
Square 1, which is based in Durham, has offices in Austin, Texas; Boston; New York; Reston, Va.; San Diego, Seattle, and the Silicon Valley.
VentureDeal offers custom research services as well as detailed transaction information ranging from investments to mergers and acquisitions.
