Monday, May 2, 2022

Tourmo Gets $5M In Line Of Credit

San Diego-based Tourmo, which develops artificial intelligence software for the mobile workforce, has raised $5M in a line of credit. The line of credit comes from Bridge Bank in the form of a monthly recurring revenue (MRR) line of credit. Terms of the line of credit were not announced by Bridge Bank, which said Tourmo plans to use the line of credit as working capital to support its growth. Tourmo is led by CEO Marc Brungger.