Fundraising, Nonprofit Technology
FrontFundr | September 22, 2022
FrontFundr, Canada’s leading equity crowdfunding platform, announced a significant growth milestone today—the company has surpassed 100 successful closes and processed over $150 million in investments for startups in Canada. To mark this momentous occasion, FrontFundr also launched its own fundraising campaign today, giving everyone the opportunity to invest in the platform itself.
Equity crowdfunding allows anyone to invest in private companies and provides an alternative way for companies across a range of funding stages to raise capital. Since launching in 2015, FrontFundr has become the leading platform to invest in the growth of Canada’s most exciting startups and growth stage companies regardless of whether you are a beginner or a seasoned investor.
Today’s milestone announcement comes at a time when many Canadians are feeling the pressures of inflation, rising costs and uncertainty in public markets. As wallets and traditional investments dwindle, investing in the private markets are becoming more attractive. They enable people, small and larger investors, to participate in early-stage investment opportunities that could potentially generate high returns while being mostly sheltered from external pressures like market volatility. When someone invests through FrontFundr, the return on those investments are driven by the success of the company, rather than public market sentiment. People can invest in companies they believe in and align with their values and interests. Some companies who have had campaigns on FrontFundr include CAARY, Manzil, Joni, Tiptap and Ecologyst.
FrontFundr experienced strong business growth over the summer months and delivered several record results:
The platform reached the same number of successful closes in the month of August, as in its entire previous record quarter: 5.5x the number of successful closes of the previous month and 117% higher than the same previous year-to-date period
Investor activity increased by 25% quarter-over-quarter in 2022
Revenue increased by 94% quarter-over-quarter in 2022 (almost double from the previous calendar year)
“We’re incredibly excited to see equity crowdfunding succeeding here in Canada and poised to go mainstream as we’ve seen in other countries Now that we’ve surpassed 100 successful raises on our platform, we see FrontFundr becoming the go-to platform for people to invest in Canada’s innovation economy while providing promising Canadian private companies access to capital from the public — and this is only the beginning.”
-Peter-Paul Van Hoeken, Founder and CEO of FrontFundr.
FrontFundr also announced the launch of its own fundraising campaign on the platform today. By listing itself on the marketplace, people have the unique opportunity to directly invest in the Canadian startup ecosystem. The campaign is now open to the public, and anyone can make an investment until Friday, November 4th, 2022.
About FrontFundr:
FrontFundr is Canada’s leading online private markets investing platform and an exempt market dealer. It provides startups and growth companies access to capital, and gives investors access to private companies they believe in and want to support. With a community of over 30,000 users, FrontFundr gives everyday investors the chance to review and complete private placements on one digital platform. The company’s revolutionary technology allows Canadians to invest in innovative growth businesses in under 12 minutes, starting from as little as $250.
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The Citizen | July 22, 2019
Statistics from the United Nations Educational Scientific Cultural Organisation (Unesco) have revealed that only 23% of science, technology, engineering, mathematics (Stem) talent is female, which is something a South African crowdfunding startup is working toward changing. The UN’s findings have been supported by reports that indicate that the male to female Stem graduate ratio in South Africa is as imbalanced as it is in the rest of the world, according to Feenix. According to Leana de Beer, chief operating officer at Feenix, the aim of the organisation is to connect communities in a bid to promote a world in which debt-free education is more than just a dream.
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Crain's Cleveland | June 03, 2019
The Fund for Our Economic Future is putting $1 million behind an effort to help solve what it calls the Transportation Paradox: "No car, no job; no job, no car." The economic development nonprofit has created what it's calling the Paradox Prize to reward ideas that help Northeast Ohioans stranded economically by geography connect to open job positions. Using a web portal which opened June 3, the organization is soliciting ideas to help more people access or keep high-quality jobs. Unfavorable land-use patterns and the outmigration of jobs, the organization said, have contributed to a spatial mismatch that makes it difficult, if not impossible, for some people to find or keep a job. Most jobs now require employees to have a car. Without a car, they face a commute by public transit that can be as long as three hours a day or significantly limited, often lower-paying, employment options. "Too many residents find themselves stuck in an intractable scenario," said Bethia Burke, vice president of the fund, in a press release. "No car, no job; no job, no car."
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