The end of 2015 marks only the beginning for FrontFundr. 2015 was a tremendous year of growth for us, and here are some of the key highlights.
Launch of The New Capital Market
We successfully launched Frontfundr.com last May and closed the first equity crowdfunding deals in Canada. All this was completed online from pitch to deal completion, creating a totally new and streamlined experience – the New Capital Market.
We expanded our company’s registration in eight provinces and are now open for business from coast to coast. We are also building south of the border and expect to open our platform to U.S. resident investors and companies in Q1 2016.
Great media coverage
Our launch was well received and well publicized, which gave us significant momentum for the second half of the year. We earned coverage in more than 10 different media outlets and industry blogs, including the Globe and Mail, TechVibes, Georgia Straight, Vancity Buzz and Crowdfund Insider, among others. In total, we had more than three million media impressions in 2015.
Proof of Concept
Since launch, we showed the market that we can execute, that we developed a unique and innovative solution to connect early stage and growth companies with the wider investor community. FrontFundr adds value to companies and investors along the entire funding cycle from Prospect Lounge and Pitch Place to value-added services.
Closed two deals
Guusto was the first equity crowdfunding deal in Canada under the Startup Crowdfunding exemption. RentMoola was the first transaction in Canada to use the Offering Memorandum, fully executed online from pitch to deal completion.
It’s all about the team
While FrontFundr has grown rapidly in many ways this year, the area that has truly exceeded all our expectations is that of our FrontFundr team. When we launched there were just three of us, and now we have more than ten people on board, six of whom are full time. The team is active on social media, we are regularly asked to participate in industry events. We’ve become a part of the Canadian business ecosystem, and that’s a clear result of having a strong and dedicated team.
With a year of tremendous growth, we’re excited to carry this momentum forward into 2016. FrontFundr will continue to grow awareness and engage with entrepreneurs and investors as well as other partners to deliver on our higher goals: unlocking capital, offering new investments in vetted companies, getting more companies funded – driving innovation and creating jobs in Canada.
We look forward to continued success and working with many more great companies, investors and partners that are championing the New Capital Market.
May the best of 2015, be the worst of 2016.
Peter-Paul Van Hoeken
Chief Executive Officer