News

HotSchedules awarded $20M in funding

Bridge Capital Holdings announced it has funded a combination of credit facilities and working capital advances totaling $20 million to HotSchedules, a software provider for the restaurant, retail and hospitality industries.

April 7, 2015

Bridge Capital Holdings announced it has funded a combination of credit facilities and working capital advances totaling $20 million to HotSchedules, a software provider for the restaurant, retail and hospitality industries.

"We're thrilled to partner with the team at HotSchedules as they continue to expand their product portfolio and service a growing customer base," said Mike Lederman, senior vice president and region director for Bridge Bank, in a press release. "They've continued to consistently reach key milestones as they scale, and we're excited that Bridge Bank can help them in their next phase of growth."

"The Bridge Bank team invested considerable time gaining an understanding of our target markets, strategy and growth prospects," said Anthony Lye, president and chief executive officer of HotSchedules. "We appreciated their responsiveness and expertise providing financing based on a SaaS revenue model, and we look forward to their support as we continue to grow." HotSchedules will use the combined credit facility to fund continued product development as well as sales and marketing initiatives.