secures $100 million to help startups claim R&D tax credits

19 Feb, 2021 secures $100 million to help startups claim R&D tax credits
Photo by Mike Kononov on Unsplash

–, a company developing software that automates the process of claiming R&D tax credits, today announced that it secured a $100 million credit facility from Brevet Capital.
– The company plans to use the loan to further develop its platform as it looks to expand its startup customer base.
– Each year, the federal governments of the U.S. and Canada provide more than $15 billion in innovation incentives to private companies.
– In fact, it’s estimated that nearly a third of U.S. patents rely directly on U.S. government-funded research.
– But filling out the applications to receive this funding is often a cumbersome process — and yet another barrier for companies squeezed by the pandemic as venture capitalists pull back on early-stage investments.

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