Bridge Bank Provides New $20 Million Credit Facility to MediaAlpha
Bridge Bank today announced it has provided MediaAlpha with a new $20 million credit facility, specifically a $5 million term loan and $15 million line of credit along with a range of customizable products and services. The facility and services will provide working capital flexibility and ample capacity to fund growth opportunities.
Based in Los Angeles, MediaAlpha is a pioneer in online advertising technology, providing the industry’s only real-time bidding platform for the transparent, programmatic buying and selling of vertical-specific search and performance media. MediaAlpha’s platform supports multiple transactional models, including private marketplaces, open exchanges, and demand-side platform-only implementations.
“MediaAlpha’s exceptional technology enables advertisers to effectively target and acquire high-intent consumers at the bottom of the funnel,” said Victor Le, vice president in Bridge Bank’s Southern California Technology Banking Group. “We’re excited to be a part of their continued success and to support their strategic growth initiatives,” Le added.
“It was important to us to work with a financial institution that understands the fast-paced technology sector. Bridge Bank's strong experience in our industry was clear and we knew we had found a supportive partner,” said Tigran Sinanyan, AlphaMedia chief financial officer. “As we expand in new verticals and deepen our relationships in existing verticals, having a flexible credit facility will help us accelerate growth and drive continued platform adoption,” Sinanyan added.
MediaAlpha innovates at the intersection of programmatic technologies and vertical search media, bringing unparalleled transparency and efficiency to both buyers and sellers. Its demand side platform empowers advertisers to engage high-intent consumers programmatically to increase campaign ROI. Through its supply side platform, publishers gain complete control over how they manage their inventory and demand sources to maximize overall yield. The Company’s marketing technology platforms power over 25 million high-value transactions annually, representing more than $250 million in media spend across insurance, travel, personal finance, education, and home services sectors. For more information, visit www.mediaalpha.com.
ABOUT BRIDGE BANK
Bridge Bank is a division of Western Alliance Bank, Member FDIC, the go-to bank for business in its growing markets. Bridge Bank was founded in 2001 in Silicon Valley to offer a better way to bank for small-market and middle-market businesses across many industries, as well as emerging technology companies and the private equity community. Geared to serving both venture-backed and non-venture-backed companies, Bridge Bank offers a broad scope of financial solutions including growth capital, equipment and working capital credit facilities, sustainable energy project finance, venture debt, treasury management, asset-based lending, SBA and commercial real estate loans, ESOP finance and a full line of international products and services. Based in San Jose, Bridge Bank has eight offices in major markets across the country along with Western Alliance Bank’s robust national platform of specialized financial services. Western Alliance Bank is the primary subsidiary of Phoenix-based Western Alliance Bancorporation. One of the country’s top-performing banking companies, Western Alliance ranks #4 on the Forbes 2017 “Best Banks in America” list.
Recent NewsBridge Bank Finalizes $8 Million New Credit Facility with ANEXIOBridge Bank extends credit facility to Tabula Rasa HealthcareBridge Bank extends credit facility to InstaMedBridge Bank provides $4 million debt facility to leading RegTech provider PerformLineBridge Bank Hosts 7th Annual Economic Summit
Recent InsightsThe Biggest Trends in Hotel Franchising - 2017 EditionMobile Banking Helps Businesses On The GoConsider the Business Benefits of Payroll Cards — and Keep Employees HappyThe Treasury Manager Today: A Strategic Role for Changing TimesMilestone Offshore Wind Project Approved in Europe
Our client, @EksoBionics , has partnered with @Ford to help factory workers become more productive while avoiding f… twitter.com/i/web/status/9… - 2 weeks 2 days agoIn addition to figuring out how to extend your stay in Florida, we hope your #FVCC2018 agenda included meeting our team!What's next for the U.S. dollar? westernalliancebancorporation.com/bridge-bank-ho… - 3 weeks 3 days agoAs a sustaining sponsor we are at #FVCC2018 and look forward to making meaningful connections with you. We can’t wait!Bridge Bank’s technology group will be attending the Florida Venture Capital Conference January 29 – 31 #FVCC2018Government shutdown ends, central banks are now in focus. westernalliancebancorporation.com/bridge-bank-ho… - about 1 month 1 day agoRob Lake, head of Bridge Bank’s Life Sciences group, has a prediction for #JPM18. pic.twitter.com/R8keloGcVmThe Bridge Bank Life Sciences group will be attending #JPM18 in San Francisco, Jan. 8 - 11. Let us know if you'd like to connect.ow.ly/GqxL30heGRQ - about 2 months 1 week ago Markets look to the Fed, ECB, and BoE for signals ahead of the next year.Tax reform hurdles weigh down the dollar, as growth lifts euro. ow.ly/wm7w30gJGCf - about 3 months 3 days agoIt was wonderful meeting so many great friends at #PACTcapcon. Looking forward to connecting again soon!Day 2 at #PACTcapcon. If we didn’t get a chance to meet and chat yesterday, stop by and say hello!It was wonderful meeting some great new friends at #PACTcapcon today. Looking forward to meeting more of you tomorrow!Central bank decisions and a heavy docket look to shape this week's FX action. ow.ly/GUb030geH4R - about 3 months 3 weeks agoIf you’re attending #PACTcapcon 11/1 & 11/2, we want to meet you! Come say hello to Al Spurgin, Roger Klarmann, Kat… twitter.com/i/web/status/9… - about 3 months 3 weeks agoCan your business defend itself against cyber crime? #cybersecurity ow.ly/itLZ30gg7kp - about 3 months 3 weeks agoThis week's FX Commentary is here! westernalliancebancorporation.com/bridge-bank-ho… - about 4 months 1 day agoWe’re excited to have the head of our International Banking team, Ken Rosenberg, present at the International Consu… twitter.com/i/web/status/9… - about 4 months 7 days agoBridge Bank's International Banking Group has launched weekly FX Commentary on the global markets. Start your week… twitter.com/i/web/status/9… - about 4 months 1 week agoDon't miss the #Fintech boat, US administration to focus on industry comptitiveness according to @Nasdaq: bit.ly/2mVvnyZ - about 11 months 1 week ago@Fortune discusses how the VC funding gender gap is actually getting worse: for.tn/2nzP4sW - about 11 months 1 week agoWhat will determine the future of #fintech? According to @TheNextWeb, it’s #AI. Read more: bit.ly/2moerie - about 11 months 2 weeks agoAccording to @TheEconomist, private equity deals are heating up. Find out why here:econ.st/2m1sSZw - about 11 months 3 weeks agoJoin leading dealmakers for a live webcast on financing emerging growth companies w/ debt ft. Mike Lederman on 3/16 bit.ly/2m3JFKl - about 11 months 3 weeks agoBe sure to check out @Entrepreneur’s list of the top 12 #fintech companies to watch: bit.ly/2lQ4jA0 - about 11 months 3 weeks agoAn Indiana Senate panel has approved the advancement of a bill intended to reduce solar power incentives.bit.ly/2le7QFP - about 11 months 3 weeks agoWhat are the advantages of Regulation A+ venture capital? @Forbes has the answers here: bit.ly/2mctMoK - about 12 months agoAccording to @Nasdaq, renewable resrouces are among the top global trend creating invesment value this year: bit.ly/2kCVhCI - about 1 year agoCleantech venture capital is on the rise thanks to newfound market confidence. So what does its future look like? bit.ly/2lXvCFQ - about 1 year 1 day agoCEO Dan Myers discusses Bridge Bank growth and our approach to the current market, read more from TechFlash Editor,… twitter.com/i/web/status/8… - about 1 year 2 days agoCheck out the #cleantech startups that VCs have their eye on for 2017: bit.ly/2jYooot - about 1 year 1 week agoWhat does the future of clean energy look like under the Trump administration? @mercnews has the answers: bayareane.ws/2kAyNWF - about 1 year 1 week agoThe startup industry is headed internationally as more startups apply for funding. Read more on @Forbes bit.ly/2kALikZ - about 1 year 1 week agoAccording to @Bloomberg, #LifeSciences isn’t just thriving, it’s paving the way for new innovation. Read more: bit.ly/2kpAZOy - about 1 year 2 weeks agoClient @BuyerQuest demonstrates continued growth and innovation as they secure $4 million in financing bit.ly/2kazipW - about 1 year 2 weeks agoThe biotech era is not over yet. @TheStreet tells us how the sector will rebound with 3 key factors. bit.ly/2jfHhhK - about 1 year 3 weeks agoSilicon Valley, want to know what to expect under Trump’s administration? @Recode has the answers and more. bit.ly/2j5Oi9q - about 1 year 3 weeks ago@AppDynamics prepares to be the first #IPO of 2017...but it comes with a catch. @CNBC explains: cnb.cx/2iTzaHc - about 1 year 4 weeks ago