Bridge Bank Provides Nativo Facility
Bridge Capital Holdings provided Nativo with a $6 million credit facility. Nativo is venture-backed by Greycroft Partners, Signia Ventures, e.ventures and other top-tier investors. The financing will be used to support working capital and to fund expansion as the company continues to grow.
“Nativo is clearly a leader in the rapidly expanding native advertising space, and we believe they are a great fit for our Technology Banking portfolio,” said Mark Breneman, senior vice president in Bridge Bank’s Southern California Technology Banking Group. “We are pleased to have the opportunity to work with Justin and the team and look forward to supporting the company’s skyrocketing growth.”
“As we continue to grow and expand, we are pleased to partner with bankers who know our business and industry so well,” said Justin Choi, founder and CEO of Nativo. “The Bridge Bank team really took the time to learn our model to understand why our business is rapidly scaling. They delivered a tailored financial solution that will help to facilitate this growth.”
Nativo is an advertising technology platform for brand advertisers and publishers to scale, automate and measure native ads.