FrontFundr made an important decision for our future this year: in order to continue to help more Canadian businesses grow, we needed to have a physical presence in the country’s financial capital. And so it was decided that myself and Steve Smith would relocate from Vancouver to Toronto to open our third office.
Since the inception of FrontFundr, we’ve been advocating for inclusive and accessible private capital markets. Every day our platform is unlocking investment opportunities in private companies for a wider investor community, while providing those companies with better access to capital.
FrontFundr is hitting new heights as Canadian companies continue to turn to investment crowdfunding to raise capital. We have now taken part in raising a combined $10 million in capital for 18 Canadian businesses.
At just before ten in the evening of Saturday, August 31 in the year 1602, a notary knocked on a large wooden door and entered a candle-lit room. Inside sat the directors of the Vereenigde Oost-Indische Compagnie, or the Dutch East India Company, which had been founded earlier that year. The bookkeeper of the Dutch East India Company, Barent Lampe, was seated behind an imposing volume with deckle-edged pages and a vellum cover: the Amsterdam Chamber’s subscription share register. It had been lying open all month. Saturday the 31st at midnight was the closing date for subscriptions, and there had scarcely been a quiet moment all day. Under the watchful eye of the notary, the bookkeeper checked each entry and added up the amounts.
Peter-Paul van Hoeken, Co-founder and CEO of Canada’s largest investment crowdfunding platform, FrontFundr, doesn’t think so.
FrontFundr Co-Founder and CEO Peter-Paul Van Hoeken recently presented at TEDxSFU. Watch the video to find out how investment crowdfunding allows anyone to invest in companies that are changing the world:
Earlier today FrontFundr announced a partnership with Keiretsu Forum and Keiretsu Capital Partners. I am proud about the potential this partnership will bring our organizations and our companies.
Since FrontFundr was founded in early 2014, I have been a strong advocate of collaboration between the angel community and the emerging online investing sector in private companies.
I have been encouraging angel investors to become “agents of change” and embrace the opportunity of using technology to expand the available capital pool for early stage investing. Online investing in private companies, often referred to as Investment Crowdfunding, and angel investing go hand in hand. Angel investor networks have access to companies and take them through a screening process. However, most angel networks also have a common challenge: They are constantly seeking opportunities to increase their capital pool by funding new companies.
In December 2016, FrontFundr closed its tenth deal since the launch of its online funding and investment platform over 18 months ago. The company: FrontFundr. We drank our own whiskey. We decided to raise capital for our own company using our own platform.