TORONTO, ONTARIO – (JULY 14, 2014) – The Funding Portal Inc., a comprehensive online service that improves access by companies to government funding and capital markets, reported today that it has closed financing of $2.4M. Primary Capital Inc. acted as Exempt Market Dealer and LaBarge Weinstein LLP acted as counsel on the financing round.
The round was fully subscribed through accredited investors with expertise in e-commerce and financial services and experience investing in and building some of Canada’s leading digital media and e-commerce solutions.
The Funding Portal (TheFundingPortal.com) aggregates information on more than 7,000 sources of funding online, providing unique data and analytics products as well as access to dealers, partners and services that greatly improve the ability of companies to secure R&D and growth funding. More than 17,000 Canadian organizations use The Funding Portal each month to find funding.
The portal aggregates information on more than 7,000 sources of funding, providing unique data and analytics products as well as access to partners and services that greatly improve funding outcomes.
The Portal is also a registered exempt market dealer, enabling it to make referrals and collaborate with other dealers to assist companies to leverage government funding commitments into Capital Markets. Its popular MyFundCard platform, which enables matching issuers and investors, has more 22,000 registrants.
Teri Kirk, President and CEO of The Funding Portal, stated, “We are providing a best-in-class solution to all who seek access to Canada’s government grants, contributions, tax incentives and funding programs that provide support to Canada’s entrepreneurs, R&D community and universities and seek to leverage them into capital markets. With this funding in place, we are moving forward with a staged entry into target international jurisdictions over the coming 12 months.”
The Portal was recognized as a top start-up by the Chamber of Commerce and more than 2400 organizations now post links to the Portal on their websites.
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