FundedByMe said on Monday Pontus Frohde, chief operating officer at the Scandinavian crowdfunding platform, would leave the company to focus on other opportunities.

Frohde ran the operations of FundedByMe since April 2013 and he will remain involved until the end of November 2016.

Cofounder Daniel Daboczy will take over the operational responsibilities.

“Pontus has been an integral part in building the FundedByMe business model and setting the tone for who we are as a company. We wish him only the very best on his next venture,” Daboczy said in a statement.

FundedByMe recently closed a funding round on its own platform, raising 10.9 million crowns from 376 new investors.

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