Roofr Inc. announced that it has received $4.25 million in funding from Bullpen Management, LLC, Avidbank Holdings, Inc., CrossLink Capital, Inc.
May 17, 2021
Roofr Inc. announced that it has received $4.25 million in its second seed round of funding led by new investor, Bullpen Management, LLC on May 18, 2021. The transaction also included participation from new investor, Avidbank Holdings, Inc. (OTCPK:AVBH) and existing investor, CrossLink Capital, Inc. As a part of the transaction, Ann Lai, General Partner, Bullpen Capital has joined the company’s board of directors. The company has raised $8.25 million in total funding till date.
Avidbank Holdings, Inc. is a bank holding company of Avidbank (the Bank). The Bank is a California state-chartered institution, which provides financial solutions and services. The Company specializes in commercial and industrial lending, venture lending, structured finance, asset-based lending, sponsor finance, real estate construction and commercial real estate lending. It offers real estate mortgage, real estate construction, commercial and consumer loans primarily to customers in the California counties of San Mateo, San Francisco and Santa Clara. Its products and services include Deposits, Lending, Cash Management and Online & Mobile. Its corporate banking provides working capital and equipment financing for privately held companies in the Bay Area; mergers and acquisition financing; employee stock ownership plan (ESOP) financing; owner-occupied real estate; and shareholder buyouts. Its specialty finance provides financing solutions to emerging growth companies across the country.