british-columbia-virtual-reality-developer-201801
Project Description:
Amount Funded: $500,000
Amount Funded: $500K - $1M
Industry: Game Development
Province: British Columbia
Type of Facility: SR&ED and Interactive Digital Media financing
Days to Fund: 19
Use of Funds: This company is a leader in their field, negotiated multiple engagements with Fortune 500 companies and was selected to have its SR&ED claim reviewed by the CRA. The review was forecasted to take 3 to 6 months due to the size of the claim. Venbridge provided this virtual reality developer a bridge loan that allowed this company to meet its financial needs so that it would not have to wait until the CRA finalized its review.
Company Background: This VR/AR company creates games for PlayStation VR, Steam, & Oculus. This company started out in mobile VR but has become one of the world’s largest VR/AR studios.
