Industry: Packaged Foods
Client since: 2016
"Bridge Bank is definitely a “people first” institution and that really stood out to us. Their ability to scale from both a capital and technology perspective is an amazing asset.”
~Matt Clifford, co-founder and COO of Barnana
“Our product is unique in the market and we needed a strong and flexible banking team that could think creatively and work with us to achieve our goals. Bridge Bank is definitely a “people first” institution and that really stood out to us. Their ability to scale from both a capital and technology perspective is an amazing asset.” - Matt Clifford, Co-Founder, COO
Barnana, the Super Potassium Snack founded in 2012 by Caue Suplicy, CEO, Nik Ingersoll, CMO, and Matt Clifford, COO, came together to help save roughly 50% of the world’s bananas that go to waste each year. Bananas are one of the most consumed produce products in the world. With those two figures in mind, Barnana’s mission was clearly adding up: Eliminate food waste on organic banana farms and provide healthier snacking options for the world.
Barnana upcycles the “imperfect”, or aesthetically unpleasant organic bananas that used to go to waste on farms in Latin America and turns them into nutritious snacks. By creating a secondary market for imperfect bananas, Latin American banana farmers are now receiving ancillary income they would normally not be generating, and banana waste is being eliminated.
Barnana is executing a business model that proves working with local, organic, non-gmo farmers does not mean sacrificing margin. Continuous corporate growth can be achieved by working with local Latin American farming partners happy to provide agriculture in a market typically dominated by a few major exporters.
Barnana had some exciting opportunities developing in their pipeline in 2016 & 2017 with top-tier retailers and they wanted to secure a line of credit to access additional capital to help them reach their goals. Bridge Bank identified key strengths in Barnana that they look for in venture-backed companies including a strong management team, market acceptance, and financial growth that were scaling in the right direction for this relationship to thrive.
Since Barnana began their relationship with Bridge Bank, the company has had the support to significantly increase production and distribute to more retailers, both online and in grocery stores, globally. Everyone loves their products and the proof behind that claim can be found in the thousands of store locations where you can find their brand, the endless amount of raving reviews, and all the positive press they have recently received. Barnana is tackling issues far beyond the scope of providing healthy snacking options; they are taking on real world issues and setting the example of how to turn sustainability and upcycling into a profitable brand.
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This Memorial Day, we honor and remember those who lost their lives while serving our country. REMINDER: In observance of Memorial Day, our offices will be closed on Monday, May 27. pic.twitter.com/QNA7r5hpv4We are beaming with pride in recognizing this amazing accomplishment of our client, Jessie Wooley-Wilson, CEO of @DreamBox_Learn. Congratulations, @jessieww, on winning the Big Tech CEO of the Year Award at the 2019 GeekWire Awards! #DreamBox youtu.be/WRHuuyPSAfg - about 1 month 2 weeks agoOur Technology banking group is pleased to announce their latest banking relationship with Touch of Modern, the leading e-commerce app for men to discover cutting edge products, and named one of the 500 fastest growing companies in America by the Inc. 5000 two years in a row. pic.twitter.com/4HfbJVYJaZOur technology banking group is pleased to announce their latest client relationship with @humanyze, a company that has used breakthroughs in #datascience, #AI, and #machinelearning and built organizational metrics and an analytics software platform for global 1000 companies. pic.twitter.com/zayjjFTcX3“We would like to #congratulate our client, @geteero , on their recent acquisition by @amazon. @geteero is the company that built the first home Wi-Fi system to blanket your home in fast, secure, and reliable Wi-Fi.” pic.twitter.com/Mr9NkHNnHJBridge Bank is a proud sponsor of this week’s #WomensPESummit (Mar. 13-15), which will be bringing together over 550 #privateequity and #venturecapitalists for powerful discussions and uninterrupted networking.NOTICE: All Bridge Bank offices will be closed on Monday, February 18 in observance of #PresidentsDay pic.twitter.com/TDy6fglKMF“Our Life Sciences Group is pleased to announce their latest transaction with @VeranMedical. Veran helps doctors in the early detection of lung cancer and provides precision guidance to deliver potentially lifesaving therapy.” pic.twitter.com/kdE4kjlsYk"Faith is taking the first step even when you don't see the whole staircase." ~Martin Luther King Jr. #MLK NOTICE: All Bridge Bank offices will be closed on Monday, January 21st in observance of Martin Luther King Jr. Day. pic.twitter.com/iLTBf6IuxeOur Life Sciences Group will be in San Francisco, during the JP Morgan Healthcare Conference #JPM19, the epicenter of where healthcare kicks off and sets the tone for the year. To learn more about how we help the life sciences community, visit bridgebank.com/lifesciences - about 5 months 3 weeks ago#HappyNewYear! We wish you peace, joy, and prosperity in 2019. NOTICE: All Bridge Bank offices will be closed on January 1st in observance of New Year's Day. pic.twitter.com/rMJXOSDmMdFrom all of us here at Bridge Bank, we wish you a #MerryChristmas! 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We thank you. pic.twitter.com/aEmnInoP9HIn less than two weeks, we’ll be joining the more than 900 tech enthusiasts, entrepreneurs, premiere investors and key executives that will be attending the 2018 Venture Atlanta Conference #VA2018 ventureatlanta.org/conference/ - about 8 months 3 weeks ago@HiddenGeniusPro we were very excited to be a part of this celebration. Thank you for the opportunity! twitter.com/HiddenGeniusPr… - about 8 months 3 weeks agoIt’s time for the puck drop! Wishing the @SanJoseSharks another terrific season in tonight’s home opener. Let’s go #Sharks!"Our business customers are looking to grow. And Western Alliance is right there with them with increased capital and increased capacity." 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REMINDER: In observance of the holiday, our offices will be closed on Monday, September 3. pic.twitter.com/KZT0XnTd21Our #LifeSciences team is delighted to share its most recent transaction with @OmniGuide, a manufacturer of advanced energy surgical systems. OmniGuide’s pursuit is better outcomes and a safer, more seamless surgical experience. pic.twitter.com/yrMKaMtDS5Bridge Bank is a proud sponsor of the @EastBayHaasAlum. Tonight they host their Annual Party welcoming new @BerkeleyHaas students. Alumni will also be present for stimulating conversation and networking. We send these students our best wishes as they embark on their journey."We know our clients and this market, and what's motivating this management team to innovate and persevere just adds to Bigfoot's immense opportunity." Robert Lake, SVP, Head of Life Sciences westernalliancebancorporation.com/about-western-… - about 10 months 1 week agoWe are proud to support @Rhythmix1 as a sponsor of their Pour Your heART Out Benefit for the Arts Celebration taking place on August 11. All proceeds from this event support free cultural arts education programs for youth in #Alameda and #Oakland. rhythmix.org/pour-your-hear… - about 10 months 3 weeks agoMarkets look to remaining monthly data amidst trade disputes. westernalliancebancorporation.com/bridge-bank-ho… - about 10 months 3 weeks ago