Bridge Round

searcher profile

July 24, 2024

by a searcher from University of California, San Diego in Portland, OR, USA

At what point would one consider a bridge round to a larger growth round? We find ourselves in an interesting position where our growth and profitability are accelerating, but our working capital needs require us to either raise incremental capital or slow growth. Internally, we view a bridge round as desirable as it will extend our runway by 18 months - and by then will have significantly higher NTM revenue across all operating segment and growing profitability.

0
3
12
Replies
3
commentor profile
Reply by a lender
from Eastern Illinois University in 900 E Diehl Rd, Naperville, IL 60563, USA
It sounds like you are looking for bridge capital and not financing. If you already have other debt, bridge debt may be difficult to get. If you have assets like A/R or inventory that are un-levered, you could use asset based financing or factoring to get additional growth capital. If you would like to discuss working capital financing options, you can reach me here or directly at redacted
commentor profile
Reply by an member
from Queen's University in Toronto, ON, Canada
Worked on a few bridges recently, as mentioned you will likely need asset based growth capital or a business case based investment -- feel free to send a note at redacted
commentor profile
+1 more reply.
Join the discussion