VR Vision
Our rapid growth put a strain on our cash flow but BDC’s experts truly understood our business! They gave us the financing we needed to bring our company to the next level, and helped us build a digital plan to achieve our ambitious goals!
Roni Cerga
CEO
Empowers businesses and brings them to the forefront of immersive technology
About the company
Provides virtual reality and augmented reality training solutions to a diversity of industries, including manufacturing, energy, automotive and health care.
Location: Toronto, Ontario
Industry: Software
Entrepreneur challenge
This rapidly growing company was expanding its team and upgrading its software capacity but faced cash flow issues. As the firm’s growth accelerated, the company also wanted to invest in its digital strategy to continue to develop its trailblazing training software.
BDC expertise
BDC’s forward-looking tech financing specialists helped the company during its start-up and early-growth stages, and provided a loan to upgrade its software capacity. VR Vision also took part in the Canada Digital Adoption Plan (CDAP). An approved partner in the program, BDC Advisory Services helped the firm develop a digital plan and the bank financed more investments in software development and operational systems.
Results
- Created innovative training software, which is the leading standard in its industry
- Funded growth while protecting cash flow to achieve 100% revenue growth in each of the last three years
- Team is expanding
- With a digital plan and financing through the CDAP, the company is well-positioned for continued success