Funding story
How Chagrinovations unlocked liquidity to scale on their terms
The opportunity
Chagrinovations had demand to grow, but working capital and purchase order volume were outpacing what the business could fund on its own. CEO Dan Perella needed liquidity that moved at the speed of the business, not the speed of traditional lending.
Scaling faster meant closing the gap between production costs and retailer payments without giving up ownership.
How Bridge helped
Bridge provided $2,000,000 in working capital and PO financing tailored to Chagrinovations' order flow. That gave the team the confidence to take on larger orders and grow without stretching cash reserves thin.
With Bridge funding in place, Chagrinovations scaled much more rapidly than they would have been able to on their own.