Amount Financed: >$250,000
Type of Facility: SR&ED Financing
Days to Fund: 7
Use of Funds: The company incurs a significant capital cost when rolling out their solution. As they sell on a SaaS model, it takes a few months to recoup this cost. The Venbridge credit facility provides them with the working capital to purchase the equipment to roll out to their clients
Company Background: This company leverages robotics and AI to provide freshly prepared meals to employees at work places.