About FranShares
FranShares is a company based in Chicago (United States) founded in 2020.. FranShares has raised $7.24 million across 2 funding rounds from investors including Chicago Ventures, Sean Fannan and Daniel Rutberg. FranShares offers products and services including Investment Platform. FranShares operates in a competitive market with competitors including WealthForge, Percent, Proteus, Gridline and Carver Edison, among others.
- Headquarter Chicago, United States
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
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- Legal Name Franshares, Inc.
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Annual Revenue
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Net Profit
$-5.77 K0as on Dec 31, 2023
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EBITDA
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Total Equity Funding
$7.24 M (USD)
in 2 rounds
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Latest Funding Round
$5.82 M (USD), Seed
Apr 12, 2023
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Investors
Chicago Ventures
& 5 more
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Employee Count
Employee Count
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Products & Services of FranShares
FranShares offers a comprehensive portfolio of products and services, including Investment Platform. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for buying shares in franchises to generate passive income.
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Advisor Team
7 people
Leadership Team
2 people
Operations Team
2 people
Finance and Accounting
1 people
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Funding Insights of FranShares
FranShares has successfully raised a total of $7.24M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $5.82 million completed in April 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Seed — $5.8M
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First Round
First Round
(11 Aug 2021)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2023 | Amount | Seed - FranShares | Valuation | Chicago Ventures |
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| Aug, 2021 | Amount | Seed - FranShares | Valuation | Chicago Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in FranShares
FranShares has secured backing from 6 investors, including venture fund and angel investors. Prominent investors backing the company include Chicago Ventures, Sean Fannan and Daniel Rutberg. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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VC firm investing in seed stage tech companies in the US
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Founded Year | Domain | Location | |
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SF
Sean Fannan |
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Founded Year | Domain | Location |
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DR
Daniel Rutberg |
Angel investor focusing on Indian startups, experienced in tech and innovation.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by FranShares
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - FranShares
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Franshares Comparisons
Competitors of FranShares
FranShares operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as WealthForge, Percent, Proteus, Gridline and Carver Edison, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Private placements are automated to streamline capital raising for entities.
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| domain | founded_year | HQ Location |
Investors and originators are connected through an alternative investment platform.
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| domain | founded_year | HQ Location |
Multiple real estate properties are managed by Proteus firm.
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| domain | founded_year | HQ Location |
Investments in alternative assets are enabled via an online platform.
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| domain | founded_year | HQ Location |
Employee benefits solutions are delivered via specialized platforms.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Franshares
Frequently Asked Questions about FranShares
When was FranShares founded?
FranShares was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is FranShares located?
FranShares is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Is FranShares a funded company?
FranShares is a funded company, having raised a total of $7.24M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1.42M, raised on Aug 11, 2021.
What does FranShares do?
FranShares was founded in 2020 in Chicago, United States, as an online platform focused on franchise investments within the financial services sector. Brands are selected for users based on factors such as profitability, growth potential, manageability, and recession resistance. Portfolios of franchises are made available for investment, allowing income to be generated from operations. The service operates digitally to connect investors with opportunities in the franchise industry.
Who are the top competitors of FranShares?
FranShares's top competitors include Percent, Carver Edison and WealthForge.
What products or services does FranShares offer?
FranShares offers Investment Platform.
Who are FranShares's investors?
FranShares has 6 investors. Key investors include Chicago Ventures, Sean Fannan, Daniel Rutberg, Moody Nashawaty, and Jonathan Tabaroki.
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