Location: British Columbia
Amount Financed: >$500k
Type of Facility: SR&ED Financing & Revenue Financing term loan
Days to Fund: 24
Use of Funds: Invest heavily in R&D and international expansion. 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
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. There are literally hundreds of features available to organizers from fundraising integration, event stores and volunteer registration to customize the user experience of the registrants.