TIBCO, Silicon Valley Bank to end sponsorship of EF Education-TIBCO-SVB

EF Education-TIBCO-SVB
EF Education-TIBCO-SVB (Image credit: Getty Images)

Owner of the EF Education-TIBCO-SVB women’s pro cycling team, To the Top Cycling LLC, has confirmed to Cyclingnews that its two legacy partners, TIBCO Software and Silicon Valley Bank, will not renew sponsorship at the end of 2023 due to what the team have called "recent economic challenges and events".

The two co-title sponsors' decision not to renew funding comes after the sudden collapse of Silicon Valley Bank in March. The bank's parent company, SVB Financial Group, then filed for bankruptcy protection, and the bank was taken over by the Federal Deposit Insurance Corp.

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Kirsten Frattini
Deputy Editor

Kirsten Frattini is the Deputy Editor of Cyclingnews, overseeing the global racing content plan.

Kirsten has a background in Kinesiology and Health Science. She has been involved in cycling from the community and grassroots level to professional cycling's biggest races, reporting on the WorldTour, Spring Classics, Tours de France, World Championships and Olympic Games.

She began her sports journalism career with Cyclingnews as a North American Correspondent in 2006. In 2018, Kirsten became Women's Editor – overseeing the content strategy, race coverage and growth of women's professional cycling – before becoming Deputy Editor in 2023.