british-columbia-software-developer-201804
Project Description:
Amount Funded: $500,000
Amount Funded: $500K - $1M
Industry: Software Development
Province: British Columbia
Type of Facility: SR&ED Financing & Revenue Financing term loan
Days to Fund: 24
Use of Funds: The company was a leader in a vertical and needed additional investment to expand to adjacent verticals. In addition, overseas demand showed that the product had a perfect product-market fit, and now was the time to capitalize on the demand by expanding the business development team. The capital it acquired from Venbridge through SR&ED and reoccurring revenue financing allowed this company to invest heavily in R&D and international expansion.
Company Background: This company manages events on behalf of organizers. They take care of everything from registration to the payment gateway with the branding of the event organizer. They have hundreds of features available to organizers from fundraising integration, event stores and volunteer registration to customize the user experience of the registrants.
