SOFII funding provided working capital to add staff and resources so the company can make the changes to its systems and processes necessary to support the increase in production required to meet existing demand and achieve its revenue targets.
SOFII Success Stories
Growcer is at the forefront of revolutionizing agriculture. Its containerized hydroponic farms are a game-changer, empowering communities, retailers and organizations to grow local produce year-round.
SOFII funding provided working capital to complete cabin fabrication to increase rental capacity and develop the Cabinscape Camp.
SOFII funding provided working capital to hire the additional developers, data scientists and account managers to support expansion to increase its market shares more aggressively.
SOFII funding provided the working capital to hire the additional in-house technical resources necessary to expand product development and to increase the sales team and associated marketing spend to build brand awareness across Ontario and the rest of Canada.
SOFII funding was used for working capital to hire additional management and production staff, upgrade equipment and increase marketing efforts.
SOFII funding was used for working capital to develop enhancements to a video content production software that will allow content to be produced without video editing skills in real-time from anywhere in the world.
SOFII funding was used for working capital to complete a SaaS conversion of their existing analytics products: price benchmarking reports and cost estimation.
SOFII funding was used for working capital to accelerate growth plans including hiring key positions, investing in IT projects, and digital marketing.
SOFII provided funding for working capital to hire additional members for the sales team, and the customer support and product development team, maintaining a steady growth rate in the market.
SOFII provided funding to scale the business; working capital to hire new developers and additional resources for selling and onboarding support.
SOFII funding provided working capital to grow their customer service and engineering team, and to support their research in Artificial Intelligence and Machine Learning technology.