Bridge Bank Provides Strategic Funding to ShipHaw

Bridge Bank announced its Technology Banking Group has provided strategic funding to ShipHawk, which provides advanced fulfillment software with expert guidance for high-volume retail, wholesale and e-commerce companies.

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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,” said Roger Klarmann, senior vice president in Bridge Bank’s Technology Banking Group. “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.”

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Santa Barbara, California-based ShipHawk is an advanced packing and shipping software company that gives businesses control to eliminate manual decisions in the warehouse, reduce order fulfillment waste and reduce shipping costs without adding headcount.

Bridge Bank’s Technology Banking group provides financing solutions to companies in a variety of technology sectors at any stage in the growth cycle. From inception through IPO, the Technology Banking group is a leading financial resource to companies nationwide that are focused on bringing new technologies to market.