Halifax-based equipment rental marketplace Frenter has acquired Alberta’s Rentbridge and now its 15-year-old Founder and CEO Zach Laberge is working on a $450,000 pre-seed funding round.
Labege said in an interview his company paid for Rentbridge with equal measures of cash and stock, although he declined to name the price. Of the $450,000, Laberge said he has received soft commitments for $250,000 and hopes to close the round in the fall.
Laberge founded Frenter in January 2020, and raised an $80,000 funding round last September.
“The reason we bought Rentbridge is because we're currently