FrontFundr closes 1st tranche of financing

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By Ted Liu

Silver Maple Ventures Inc., dba FrontFundr, a financial technology company and Exempt Market Dealer (EMD), has closed a $374,000 first tranche of proposed $1 million offering. Investors include private investors from Canada, USA, The Netherlands, Kuwait, France, Bermuda, Hong Kong, and Singapore.

Founded by Peter-Paul Van Hoeken, FrontFundr intends to operate as crowfunding platform.

FrontFundr has raised over $840,000 in equity funding over the last two years, including the current closing. The company intends to use proceeds primarily for marketing and sales.

FrontFundr has closed seven funding deals in which it acted as either the sole agent platform or as part of a syndicate of securities dealers.

photo credit: FrontFundR