Type of Facility: SR&ED
Days to Fund: 21
Use of Funds: Sales have started to pick up but the investment in R&D required additional capital. Instead of using dilutive venture capital, the company turned to Venbridge to provide a venture debt facility.
Company Background: This company is an innovative software company that is leveraging leading-edge smart technology to provide secure, reliable and accurate wireless solutions to fire, police, and emergency medical services.