The Business Development Bank of Canada has provided iLOOKABOUT with a 4-year secured term facility valued at $2,000,000.
Jeff Young, President and Chief Executive Officer of iLOOKABOUT, said, “We are pleased to have obtained this commitment from the BDC , the funds of which are anticipated to support revenue growth and enhance shareholder value.” Proceeds from the facility are intended to fund image capture equipment acquisition, ongoing research and development, as well as working capital.
iLOOKABOUT is a visual data intelligence company serving commercial enterprises in the real estate, insurance, municipal, utility, assessment and appraisal sectors in North America and Europe.
