, a software innovator whose flagship product automates the complex process of applying for R&D tax credits, has secured a $100 million credit facility from Brevet Capital, a leading alternative credit investment and specialty finance firm, to launch an innovative financing platform enabling startups to receive cash advances on R&D tax credits and subsidies.

This new financing is in addition to’s $30M Series A led by Radian Capital that was announced last December. Announcing the deal today, said the novel financing vehicle would simplify the R&D credit process and fuel innovation.

This financing will enable to help startups recognize immediate cash benefits from R&D tax credits, which now exceed $15 billion a year between the U.S. and Canada, and $200 Billion globally but can take as long as 16 months to get since companies need to wait for tax filing season and government processing times. In Canada, the SR&ED program is the lifeblood of the innovation ecosystem, providing upwards of 60% cashback to small businesses investing in R&D. Startups will be able to leverage their R&D refund eligibility to receive financing on a predictable monthly or quarterly basis, enabling them to grow their business without delay and without surrendering equity. has helped more than 1,000 innovative companies to recover R&D costs from the U.S. and Canadian government, streamlining the process and reducing the risk of costly audits.’s R&D tax credit software gathers data from a company’s existing technical and financial systems to identify, categorize, and time-track eligible projects, ensuring nothing is missed and all the supporting documentation is in place, leading to larger refunds with less investment of time and resources.

The breakthrough financing tool comes as startups increasingly look to alternative funding solutions to fuel their growth, particularly during the pandemic. is uniquely positioned to support R&D-based financing, serving both as a unified system of record for R&D data and as a sophisticated financing platform enabling companies to leverage their R&D as an asset to fund their business without giving up equity and dealing with paperwork.’s team has extensive expertise in the technology and tax-credit space. Co-founder and CEO Alex Popa previously managed the R&D tax practice for large accounting firms, while co-founder and President Lloyed Lobo formerly ran product and growth for a number of venture-backed tech startups.  Brevet Capital, meanwhile, has handled more than $20 billion of transactions since its founding over 20 years ago.

Alex Popa, Co-founder and CEO at

“R&D is the engine of the modern economy, and innovative companies should be able to access the tax credits they’re entitled to,” said Popa “We’ve spent almost a decade honing our craft to help customers get more money, faster and with less risk, compared to any other solution in the market. We empower companies from startups to large enterprises to quantify the value of their R&D efforts, then leverage that asset through a successful R&D tax credit application which allows them to grow their business without unnecessary outside capital.”

According to Douglas Monticciolo, CEO and Co-Founder of Brevet Capital, R&D tax credits are a huge untapped resource for companies looking to invest in and accelerate innovation.

“R&D tax credits are a valuable form of capital — but the delays can be extremely challenging for early-stage companies.’s AI-powered financing platform eliminates those delays and allows startups to focus on creating new solutions and products while immediately reaping the benefits of their hard-earned R&D efforts”, said Monticciolo.

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