In the wake of a pivot, Halifax’s Frenter has raised $270,000 from a consortium of investors that includes John Risley’s CFFI Ventures, Mark Dobbins’s Killick Capital and several funds from outside Atlantic Canada.
The $270,000 close is part of a planned $450,000 equity round that Frenter's 16-year-old CEO Zach Laberge announced in August. He told Entrevestor in an interview he has decided to delay the remaining $180,000 until spring to focus on customer acquisition and building out Frenter’s staff.
Frenter has launched an online equipment rental marketplace. Though it originally offered