The Vanbex Group, a professional services and strategic consulting firm, has announced that it has raised $365,474 in its first seed round of financing, in line with its target.

The company intends to use the funds for the development of blockchain-based products, including Etherparty, its easy-to-use smart contract creator. Vanbex explained that Etherparty will allow users with zero knowledge of smart contract programming to create an enforceable, self-executing digital agreement for all types of transactions. The platform is designed to make executing an Ethereum smart contract simple and easy for everyone.

According to the official release, Boris Mann and Adrian Jonklaas, co-founders of Vancouver-based Frontier Foundry Corp., are among Vanbex's backers.

"We're excited to see Vanbex take this investment and move forward with their professional blockchain consulting services as well as grow their in-house products," said Mann. "Both Adrian and I are looking forward to supporting more of the blockchain community here in Vancouver."

In addition, Vanbex also announced the appointments of Derek Spratt, a 34-year veteran of the telecommunications sector, as executive chairman, Steven Lee, a former finance and operations director at Slack Technologies, as chief financial officer, and Brian Onn as senior blockchain developer.

"We're delighted with the level of support from investors," said Kevin Hobbs, Vanbex Group's chief executive officer. "We're also very fortunate to have such high level advisors and new hires joining Vanbex to help drive us forward toward the next stage in our growth.