Toronto-based FrontFundr has announced that it has helped startups raise over $140 million across more than 100 fundraising campaigns using its equity crowdfunding platform.

The company reached this milestone after seeing record demand for its offering during the summer of 2022. FrontFundr’s growth has come as macroeconomic conditions have shifted amid rising inflation and interest rates. This environment has made venture capitalists and traditional angel investors more hesitant, which in turn has made it tougher for companies to raise venture capital funding via traditional means.

FrontFundr reached this milestone after seeing record demand for its equity crowdfunding platform in summer 2022.

To mark the occasion and build on this growth, FrontFundr is launching its own fundraising campaign on FrontFundr, which the company said will remain open to the public until November 4.

Founded in 2013 and launched in 2015, FrontFundr describes itself as “Canada’s leading online private markets investing platform.” Granted exempt market dealer status by Canadian securities regulators, the startup’s equity crowdfunding platform offers a means for private companies to raise capital via private placements.

FrontFundr does this by connecting these companies with Canadian investors “of all levels of investing experience,” allowing the latter to invest as little as $250 in under 12 minutes in privately-held companies they might not otherwise be able to support.

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To date, FrontFundr has built a community of more than 30,000 users. The startup’s platform has helped Canadian tech startups like Manzil, Caary, and FrontFundr itself raise capital.

According to FrontFundr, the startup saw strong demand this summer, reaching the same number of successful closes in August as in its entire previous record quarter. This came after investor activity on its platform rose by 25 percent quarter-over-quarter in 2022 as a whole, helping FrontFundr grow its own revenue 94 percent on a quarterly basis this year.

With this traction, FrontFundr founder and CEO Peter-Paul Van Hoeken believes the startup is on the path to 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.”

Feature image courtesy FrontFundr.

The post Following record growth amid downturn, FrontFundr launches its own fundraising campaign on FrontFundr first appeared on BetaKit.

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