british-columbia-software-developer-201810
Project Description:
Amount Funded: $500,000
Amount Funded: $500K - $1M
Industry: Software Development
Province: British Columbia
Type of Facility: Bridge to Equity
Days to Fund: 8
Use of Funds: What do you do when you have a labour-intensive legacy business with lots of new demand for your software and services? An equity round is a great option. However, this company chose the best alternative. They used Venbridge's bridge to equity loan to increase their valuation and reduce dilution before their next equity raise.
Company Background: This company creates mobility operation and car-share operating systems utilizing a full technology stack, providing an optimal experience for the end-user.
