Amount Funded: $600,000
Amount Funded: $500K - $1M
Type of Facility: SR&ED Financing
Days to Fund: 29
Use of Funds: This unique SR&ED funding mimics a term loan. Venbridge structured a facility to provide a fixed amount of credit regardless of the SR&ED accrual. The funds were used to invest in sales and marketing to continue the business's significant MRR growth.
Company Background: This Alberta software development company provides end-to-end management software to streamline data and processes, creating a single source of truth with real-time updates.