Zachary Laberge
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| Zachary Laberge | |
|---|---|
 | |
| Born | 5 October 2005 Toronto, Canada |
| 💼 Occupation | |
| Known for | Founder & CEO of frenter |
Zachary Laberge (born October 5th, 2005) is a Canadian technology entrepreneur. He is the founder and CEO of frenter, a Canadian software technology company, that has raised CAD$700k in investment to date.[1]
Early life and education[edit]
Laberge developed a passion for entrepreneurship at the age of 10 when he watched a youtube video about a 16 y/o founder named Ben Pasternak who had started a company at 16. That video inspired him to create his own company, he ended up creating a drop-shipping company with the help of some YouTube tutorials allowing him to sell cheap products from Alibaba at a markup on his own simple website.[2]. After that Zach started a dog cookie company called "Bernie's Biscuits" named after his dog Bernie who had over 10k Instagram followers at the time. With the help of his Father he setup a Kickstarter Campaign and raised over $5k for his idea and began selling his product across North America. [3][4]
frenter[edit]
V.1[edit]
In January 2020, whilst at home Laberge came up with the idea for frenter, a marketplace app for people to rent out their under-used items.[5] 1 year later, Laberge had raised a $80k fundraising round, built and launched his product. [6]The company grew in a few months to over 2,500 users and 1,500 items listed and even acquired Rentbridge, their Alberta based competitor in August of 2021 growing to 11 cities across Canada. [7]
Pivot and V.2[edit]
After the Acquisition Zach realized after speaking with many of their rental business clients, he realized that there was a need in the market for a new form of the current operating procedure that rental businesses had been using for the last 50+ years. That same month he acquired Reesale(An app that allows for automated and bulk listing of items on various online marketplaces) to continue expanding frenters capabilities.[8] Laberge then pivoted the business towards B2B Saas focusing on creating a vertical operating system to help small-medium sized rental businesses streamline their operations and logistics. Following the pivot in December of 2021, he raised a CAD$270k Pre-Seed round of funding from John Risley, Connetic Ventures, Killick Capital, Gaingels, and Dispatch Ventures. [9]. A few months later the company had grown it's team and raised an additional $350k led by Connetic Ventures. [10]
Awards[edit]
1. Atlantic Business 30 Under 30 2021 Recipient[11]
2. Volta Pitch Contest Winner[12]
References[edit]
- ↑ "16-year-old CEO raises $700K for Halifax startup". CBC. Retrieved 2022-05-25.
- ↑ Nichols, Trevor (2 September 2021). "15-Year-Old Halifax Founder Says His Growing Business All Started With YouTube". Huddle. Retrieved 18 March 2022.
- ↑ instagram.com/bernie_thesharpei
- ↑ ""Next generation entrepreneurship with Zach Laberge, Founder & CEO @ Frenter". Point of No Return. Retrieved 2022-03-18.
- ↑ Nichols, Trevor (2 September 2021). "15-Year-Old Halifax Founder Says His Growing Business All Started With YouTube". Huddle. Retrieved 18 March 2022.
- ↑ "Site Says Try It All Without Buying It All". Entrevestor. 5 April 2021. Retrieved 18 March 2022.
- ↑ "Frenter Acquires Rentbridge". Entrevestor. 22 August 2021. Retrieved 18 March 2022.
- ↑ Chen, Vivienne (5 October 201). "How this one 15-year-old entrepreneur built and acquired two no-code startups". Bubble. Bubble. Retrieved 18 March 2022.
- ↑ "Frenter closes $270k raise". Entrevestor. Retrieved 2022-03-18.
- ↑ "Frenter Raises Another $350K". Entrevestor. Retrieved 2022-05-03.
- ↑ "30 Under 30 Zachary Laberge". LinkedIn. Retrieved 2022-03-18.
- ↑ "Frenter Wins Volta Contest". Entrevestor. Retrieved 2022-03-18.
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