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

19 Feb, 2021

Boast.ai secures $100 million to help startups claim R&D tax credits
Photo by Mike Kononov on Unsplash

– Boast.ai, 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.

Finance Financial Services FinTech North America Wealth Management
Crunchbase icon

Content report

The following text will be sent to our editors: