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Manna

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Developer of relationship management products for online business

Newton, United StatesFounded 1997Marketing
Valuation $50–100M Last recorded · 2000
Total funding $10–50M Disclosed equity funding
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About Manna

Manna Inc., a family-owned business headquartered in Louisville, Kentucky, operates as a significant franchisee in the quick-service restaurant industry. Founded in 1999, the company is recognized as one of the largest minority-owned restaurant operators in the United States. The firm's portfolio includes over 250 restaurants nationwide, featuring well-known brands such as Wendy's, Fazoli's, and Golden Corral. The company is currently led by President Ryan Bridgeman, who took over in 2017.

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The leadership of Manna Inc. transitioned from its founder, Ulysses Bridgeman Jr., a former professional NBA basketball player, to his son, Ryan Bridgeman. Ulysses Bridgeman established the company after a 12-year basketball career, concurrently working in sales for Howard Johnson. His son, Ryan, has continued to expand the family's business interests. He holds an MBA and a Bachelor of Science in Finance from the University of Louisville, as well as a Master Certificate in Foodservice Management from Cornell University. This background has supported his strategic leadership, which included a pre-Covid-19 streamlining of operations.

Manna Inc. generates revenue through the direct operation of its franchised restaurants. The company focuses on service to its employees, customers, and the communities it operates in, fostering an environment of diversity and inclusion. To improve employee retention and recruitment, Manna Inc. partnered with DailyPay to offer employees immediate access to their earned wages, a benefit that has seen high enrollment rates among its staff. This financial wellness benefit allows employees to access their pay right after completing a shift, helping them avoid payday loans and overdraft fees. Beyond its core restaurant operations, the Bridgeman family also has interests in RD Services, which provides customer and employee service solutions, and Bridgeman Hospitality, which specializes in contract food service.

Source: Dealroom company data

At a glance

Status
Operational
Founded
1997
Headquarters
Newton, United States
Open positions
None listed
Dealroom signal
49.5/100
Industry
Marketing
Sub-industry
Marketing Analytics, CRM & Sales
Sector
Marketing, Marketing and Advertising, Customer Behaviour Analytics
Business model
SaaS
Client focus
b2b
Links
Website

Funding history

2 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
EARLY VCEquity / VC Feb 2000 $14M $56M Apax Partners · IDG Ventures · Advent International · Gemini Capital Management Fund
EARLY VCEquity / VC May 1999 $3.7M $15M Gemini Capital Management Fund · Advent International
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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

4 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A4 investors entered at this stage

  • Gemini Capital Management Fund
  • Advent International
  • Apax Partners
  • IDG Ventures
Team profiled 1 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇺🇸 United States · Newton HQ
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Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Manna on X, ranked by likes and reposts, corporate channels excluded.

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Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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