TLDR:
- ATEL Ventures appoints Michael Orlando as Vice President to support startups.
- Orlando’s background in banking and commitment to community involvement align with ATEL’s mission.
A division of ATEL Capital Group, ATEL Ventures, announced the appointment of Michael Orlando as Vice President to expand its team and provide more capital to startups. Orlando, with experience in banking from companies like Bridge Bank and Square 1 Bank, will report to ATEL Ventures’ President, Steven Rea. His appointment reflects ATEL’s dedication to helping startups achieve growth without diluting shareholder equity.
Orlando’s career spans from roles in finance to community involvement, including serving as a Board Member of Opportunity for Independence (OFI) in Marin County. ATEL Ventures aims to deploy its available capital to serve startups in various industries such as space tech, biotech, and industrial tech. Orlando’s appointment follows several other recent hires made by ATEL to support its growth plans.
ATEL Ventures, a leading provider of venture debt and equipment financing, has lent hundreds of millions of dollars to startups since 1999. Recent deals include companies like Astranis, Harbinger, Isar Aerospace, LuxWall, and Sandbox VR. The company’s industry-agnostic approach has allowed it to support startups in Information Technology, Life Sciences, Energy, Agriculture, Material Sciences, and Consumer Products and Services.
