Bridge Bank Extends Venture Term Loan to Deep Lens, Inc.
Costa Mesa, Calif. - July 29, 2020
Bridge Bank today announced it has extended a venture term loan to Deep Lens, a Columbus, Ohio-based software company focused on accelerating clinical trial recruitment for the best-suited cancer patients to compress study timelines and bring game-changing therapies to market sooner. The company is venture-backed by Northpond Ventures, Sierra Ventures, Rev1 Ventures, and Tamarind Hill.
“We view this additional financing as a vote of confidence for our business strategy as we continue to grow and expand,” said Simon Arkell, president & co-founder of Deep Lens. “Success requires teamwork and we’re delighted to have a business partner like Bridge Bank. The Bridge team really took the time to understand our business proposition.”
“Deep Lens has developed a highly disruptive solution for rapid patient identification in clinical trials,” said Mark Breneman, senior vice president in Bridge Bank’s Technology Banking Group. “We’re very pleased to be working with the Deep Lens team and look forward to supporting their continued growth as they deploy a solution that will truly save lives.”
Bridge Bank, a division of Western Alliance Bank, Member FDIC, helps business clients realize their ambitions. Founded in 2001 in Silicon Valley, Bridge Bank offers 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 delivers a broad scope of financial solutions including capital, equipment and working capital credit facilities, 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 16 offices in major markets across the country along with Western Alliance Bank’s powerful array 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 has ranked in the top 10 on the Forbes “Best Banks in America” list for five consecutive years, 2016-2020, and was named #1 best-performing of the 50 largest public U.S. banks for 2019 by S&P Global Market Intelligence.