CIBC Innovation Banking provides loan to VC-backed Bridgit
CIBC Innovation Banking has provided undisclosed debt financing to Bridgit, a Kitchener, Ontario-based construction software provider. The funding came alongside Bridgit's Series A round. This year, the company was reported to be negotiating debt financing that would increase its latest round to $7.75 million. CIBC Innovation Banking said the proceeds will support the launch of a new product, Bridgit Bench, a resource planning platform for general contractors. Founded in 2014 by CEO Mallorie Brodie and COO Lauren Lake, Bridgit provides end-to-end productivity and performance solutions for construction operations managers and their teams.
8 August 2019•3 mins read
