Location: British Columbia
Amount Financed: >$500,000
Type of Facility: Bridge to Equity
Days to Fund: 8
Use of Funds: What to do when there are multiple clients to roll out new technology, a legacy business which is labour-intensive and lots of new demand for your software and services? It was clear that an equity round is the best alternative but to increase the valuation and reduce dilution, Venbridge provided a bridge loan.