Canadian Manufacturing

Fundsquire launches Grant Advance funding solution in Canada

The program provides non-dilutive funding capital for business startups and scale-ups.

September 30, 2021  by CM Staff

Lending company Fundsquire has launched a new business funding program for Canadian business startups and scale-ups called Grant Advance.

The new program is also available in Australia and the U.K.

“The Canadian, Australian and U.K. governments offer hundreds of grant programs to help fuel innovation and job growth,” company officials said in a Sept. 30 news release. “However, businesses applying for or receiving government grants face challenges typical of early stage companies, including matching contributions, proving alternative funding sources, and funding the delivery of their grant milestones. Fundsquire will now offer straightforward, non-dilutive capital to solve these unique funding challenges for businesses that are leveraging grant programs, and is the first to launch a Grant Advance funding solution simultaneously across three expansive markets.”

The program launch follows the announcement in mid-September of Fundsquire receiving $75 million AUD strategic investment from Fasanara Capital. “Grant Advance is a step towards Fundsquire’s goals to introduce new, game-changing solutions in its existing markets, as well as enable tech development and market expansion in the coming year,” company officials said.

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The company’s leading global advisory partners for this launch include PwC, RSM, Ayming, BDO, and Grant Thornton.

“Along with our game-changing growth capital, we want to offer our customers a frictionless, valuable community of partners and perks,” said Scott Spence, Fundsquire’s managing director. “Our regional and global partners continue to help innovative businesses gain informed access to government grants. Together, our funding solution will help unlock the next steps of a business’ grant cycle and place them on the best route to success.”

Fundsquire was founded in 2016 and has Canadian headquarters in Toronto.


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