From Filing to Funding: R&D Tax Credits Made Easy

May 08, 2025 • Estimated Reading Time: 4 minutes

Hi,

This week, we're spotlighting a company empowering businesses with fast and reliable R&D Tax Credits.

If you've ever tried to claim R&D tax credits, you know it’s a tedious, complex process. That’s where Boast.AI comes in. Headquartered in Vancouver, this tech company has developed a smart platform that handles the heavy lifting.

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🏎️ Today’s Company Fast Summary

🚀 What they Do

Boast.AI simplifies the complex process for companies in Canada and the U.S. to claim Research and Development (R&D) tax credits and other innovation incentives.

Their AI-powered platform integrates with a company's existing financial and project systems to automatically gather and prepare the necessary documentation, helping businesses efficiently secure government funding like SR&ED (Scientific Research and Experimental Development) in Canada and R&D tax credits in the U.S.

🔍 Why It’s Cool / Different

Boast isn't just a tax tool—it’s a funding engine. In 2021, the company secured a $100M USD credit facility to offer QuickFund, a program that provides startups with upfront capital based on their accrued R&D credits, eliminating the typical 12–16 month wait for government refunds .

Additionally, Boast's AuditShield™ feature offers proactive audit protection, ensuring peace of mind during tax seasons.

To date, Boast.AI has helped over 1,500 companies access more than $600 million in innovation funding.

🧑‍💻 Who’s Behind It

Boast.AI was co-founded by Alex Popa and Lloyed Lobo. As of March 2024, the company is led by CEO Imad Jebara, a seasoned executive with a background in SaaS and customer operations, poised to steer Boast.AI through its next phase of growth.

📈 Quick Stats / Highlights

  • Funding: Boast.AI has secured a total of $123 million USD, including a $23 million USD Series A round led by Radian Capital (announced December 2020) and a $100 million USD debt facility from Brevet Capital (announced February 2021).

  • Product status: Live product in market.

  • Customers: Trusted by over 1,500 innovative businesses across North America.

  • Recognition: Winner of multiple awards, including recent 2024 TITAN Business Awards and Stevie® Awards for Technology Excellence.

🧭 Why You Should Watch Them

As governments continue to encourage innovation through R&D incentives, Boast.AI is well-positioned to become an indispensable tool for companies looking to navigate the complexities of tax credits.

Their ongoing platform enhancements and strategic partnerships signal a drive to make R&D funding more accessible, helping Canadian and U.S. companies fuel their growth and technological advancements.

Have a great day, eh!

Built in Canada Team

🌯 That’s a Wrap

Before you go…