Ooni’s £50 Million Silicon Valley Bank Loan Bought by HSBC

The outdoor cooking industry was largely insulated from the recent implosion of Silicon Valley Bank (SVB). Given the hardware heavy nature, it’s not an industry that traditionally breeds “start-ups”, who were the client base for the bank. The exception to that is pizza oven maker Ooni.

While we don’t know if Ooni held a deposit account with SVB, they did have a revolving credit facility with the bank, according to a Companies House filing (it’s like the UK’s SEC).