ontario-healthy-food-provider-201912
Project Description:
Amount Funded: $250,000
Amount Funded: $250K - $500K
Industry: Health & Wellness
Province: Ontario
Type of Facility: SR&ED Financing
Days to Fund: 7
Use of Funds: This healthy food provider incurs a significant capital cost when rolling out its solution. It takes the company a few months to recoup its costs as it has a SaaS business model. Venbridge's SR&ED financing credit facility provided them with the working capital it required to purchase equipment and fulfil its new clients.
Company Background: This health food company leverages robotics and AI to provide freshly prepared meals to employees at workplaces.
