Bridge Bank, Opus Provide The Trade Desk Facility
Bridge Capital Holdings, whose subsidiary is Bridge Bank, announced it provided The Trade Desk $45 million in funding in partnership with Opus Bank. The Trade Desk increased their existing A/R line of credit to support working capital and fuel their significant growth.
The Trade Desk is an online ad exchange company that helps media buyers spend their advertising budgets more effectively though comprehensive data analysis.
“Because of the phenomenal growth that The Trade Desk is experiencing, it became evident that we had to provide them with a creative way to finance that growth,” said Ed Lambert SVP in Bridge Bank’s Technology Banking division. “We reached out to our partners at Opus Bank and are thrilled to have achieved a solution that will not only provide support for The Trade Desk today, but also for tomorrow as they continue to grow.”
“Since we founded The Trade Desk in 2009, we’ve been committed to growing with the right partners. Bridge Bank has been a true partner in our growth,” said Jeff Green, CEO and founder of The Trade Desk. “With this latest round of debt financing, we are able to feed the significant amount of media we buy monthly, while positioning ourselves well for continued expansion into 2015.”
“We are excited to launch this relationship with The Trade Desk and Bridge Bank,” said Kevin McBride, senior managing director and head of the technology banking division at Opus Bank. “The Trade Desk has experienced remarkable growth and we look forward to supporting their continued success as they expand and grow.”