Bridge Bank’s technology banking group provided strategic funding to ShipHawk, a packing and shipping software company based in Santa Barbara, CA.
The funding commitment includes venture debt and a recurring revenue line of credit. ShipHawk plans to use the funding to continue development of its packing and shipping platform as well as new product innovations as demand grows for shipping services.
“Bridge Bank is well suited to working with growing technology companies like ShipHawk that are solving problems for their customers,” Roger Klarmann, senior vice president in Bridge Bank’s technology banking group, said. “The boom in e-commerce during the COVID-19 pandemic increased demand for ShipHawk’s products and put the company on a trajectory for rapid growth. It’s our pleasure to help them take advantage of their opportunities.”
