TORONTO, May 11, 2021 (News) — FrontFundr, Canada’s leading investment crowdfunding platform, owned and operated by Silver Maple Ventures Inc. (“SMV”), today announced a successful start to its financial year by posting record performances for revenue, users and companies listed on its platform. To help build on this initial success, and further accelerate growth, the company is now also launching a new funding round open to the general public.
As with many other aspects of our personal and professional lives, the pandemic has fast-tracked the digitization of the financial industry, including investing. As a result of this, and coupled with a growing interest and awareness in retail investing, investment crowdfunding platforms have experienced phenomenal growth over the last few months. This applies to mature crowdfunding markets, such as the UK and the US, as well as emerging ones like Canada.
In fact, for the first six months of its current financial year, starting October 2020, FrontFundr has delivered two successive record-breaking quarters. The company added 2,000 new investors and processed 3,500 investments through its platform, and also increased the number of companies raising capital through its platform by 50%. In fact, FrontFundr has already exceeded the total revenue of its last full financial year by 40%.
“Traditionally only a select group of people had access to investing in early stage companies and the opportunities that came with it. But the events of the last 12 months have been a catalyst for a new type of process that was already underway, a more democratic and inclusive one, and it’s one we believe is only going to accelerate from now on,” says Peter-Paul Van Hoeken, Founder and CEO of SMV.
As well as FrontFundr, in 2019 SMV also launched DealSquare in partnership with NEO Exchange. DealSquare is Canada’s first fully digitized private markets platform for investment industry professionals. The platform is working with multiple dealer firms, has already signed up over 250 investment advisors, and processed more than $170 million investment funds.
SMV’s latest funding round is for $1.5 million, of which it has already raised more than $1 million from existing shareholders, strategic investors, and its customers. It’s now open to the public and closes on June 18th. “We like drinking our own whiskey. So as we’ve done with our previous financing rounds, we’re using our own platform to raise capital”, says Van Hoeken.
To find out more, and to make an investment, visit the company’s website.
FrontFundrFrontFundr 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. It provides a community of over 25,000 users with the ability to review and complete private placements on one digital platform. The company’s revolutionary technology allows users across Canada to invest in innovative growth businesses in under 12 minutes, starting from as little as $250. To date it has helped more than 60 companies raise over $70 million.
Connect with FrontFundr: Website | LinkedIn | Instagram
This communication contains certain statements or disclosures that may constitute forward-looking information. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Details of the offering can be found in the Offering Memorandum available on www.frontfundr.com/smvinc. Investing in crowdfunding and exempt market offerings has significant risk. Investors may not be able to resell quickly or at all. An exempt market security holder may also receive limited ongoing issuer information. You should invest only if you are prepared not to receive any return on your investment and/or lose your investment in its entirety. SMV will provide advice on the suitability of your investments made through its platform. Silver Maple Ventures Inc. (“SMV”) is raising capital (the “Offering”) for itself through its online platform owned and operated by SMV’s subsidiary FrontFundr Financial Services Inc (FFS) which is a Registered Exempt Market Dealer. Consequently, pursuant to securities legislation, SMV is a Connected Issuer and as such, may be considered to be in a Material Conflict of Interest. Read more in the Offering Memorandum available on www.frontfundr.com/smvinc.
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