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Bridge Bank provides USD7m in venture debt to Appcues

Bridge Bank’s Technology Banking Group has provided USD7 million in venture debt to Appcues, a provider of technology to identify onboarding issues and provide low-code, non-technical solutions to fix them.

Bridge Bank’s Technology Banking Group has provided USD7 million in venture debt to Appcues, a provider of technology to identify onboarding issues and provide low-code, non-technical solutions to fix them.

The deal was led by Brendan Carr and Michael Walsh, both of whom are based in Bridge Bank’s Boston office.

The venture debt comes on the heels of a USD32.1 million Series B equity round led by NewSpring Capital. Appcues will use these funds to grow its remote team, develop new products and device support, and produce free educational resources to help Software as a Service (SaaS) professionals succeed.

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