About FranShares
FranShares is a Technology company based in Chicago (United States) founded in 2020. Franchise investments are enabled via an online platform. FranShares has raised $7.24 million across 2 funding rounds from investors including Chicago Ventures, Sean Fannan and Daniel Rutberg. Its website franshares.com draws about 29 thousand monthly visits. FranShares offers products and services including Investment Platform. Its focus areas include FinTech, Investment Tech, Alternative Investment Platforms and Private Companies. Its legal entity is FranShares, Inc. Its competitors include WealthForge, Percent and Proteus; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Chicago, United States
- SectorsTechnology
- Website category Finance · Investing
- Website franshares.com
- Social LinkedIn X
- Legal Name Franshares, Inc.
- Net Profit-$5.77 K (USD)as on Dec 31, 2023
- Total Equity Funding$7.24M (USD)
in 2 rounds
- Latest Funding Round$5.82M (USD), Seed
Apr 2023
- InvestorsChicago Ventures
& 5 more
Products & Services of FranShares
FranShares offers a comprehensive portfolio of products and services, including Investment Platform.
Platform for buying shares in franchises to generate passive income.
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 $7.24M
- Total Rounds 2
- Last Round Seed — $5.82M
- First Round $1.42M
(Aug 2021)
- Investors Count 6
All 2 funding rounds of FranShares with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2023 | $5.82M | Seed | – | Chicago Ventures | – |
| Aug 2021 | $1.42M | Seed | – | Chicago Ventures |
6 investors in total: 1 institutional and 5 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
VC firm investing in seed stage tech companies in the US | chicagoventures.com | Chicago, United States | ||
SF Sean Fannan | unknown_e48aaa0303a54ca9a | |||
DR Daniel Rutberg | Angel investor focusing on Indian startups, experienced in tech and innovation. | unknown_c2ca79f8b3104863a | ||
MN Moody Nashawaty | unknown_b57b15101ca54bec9 | |||
JT Jonathan Tabaroki | unknown_9f07bccb10fb49bf8 | |||
DC Davin Carey | unknown_e99041f6cda24b7ab |
Investor details for FranShares
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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People of FranShares
12 people are tracked at FranShares (4 in leadership, 7 in board & advisors, 1 in team).
| Name | Role | Group |
|---|---|---|
Kenny Rose | Founder & CEO | Leadership |
Volodymyr Grinchenko | Director Of Growth | Leadership |
Brian Sigal | Head Of Investments And Operations | Leadership |
Whitney Tindale | Director of Financial Operations | Leadership |
Dan Rutberg | Advisor | Board & advisors |
Tony Cappaert | Advisor | Board & advisors |
Sean Fannan | Advisor | Board & advisors |
Stuart Larkins | Advisor | Board & advisors |
Cody Barbo | Advisor | Board & advisors |
Jeremy Hirsch | Advisor | Board & advisors |
Hans Pusch | Advisor | Board & advisors |
Michelle Kamper | Operations Associate | Team |
Complete people profiles for FranShares
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of FranShares
3 dated milestones of FranShares across 3 years, from founding to its latest funding, stage changes and deals.
- Founded FranShares is founded.
- Funding First funding round of $1.4M.
- Funding Latest funding round, Seed, of $5.8M.
Competitors of FranShares
FranShares has 3 listed competitors in our database, 3 of them funded. They include WealthForge, Percent and Proteus.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| wealthforge.com | 2009 | Richmond, United States | $13.33M | 47 | Private placements are automated to streamline capital raising for entities. | |
| percent.com | 2018 | New York, United States | $67.12M | 37 | Investors and originators are connected through an alternative investment platform. | |
| proteuscapital.us | 2014 | Indianapolis, United States | $10.5M | Multiple real estate properties are managed by Proteus firm. |
Detailed competitors of FranShares
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Web traffic of FranShares
The website of FranShares (franshares.com) receives about 29.5K visits a month and ranks #883,268 among all websites worldwide, #8,180 in Investing.
- Monthly visits29.5K
▼ 9.6% vs previous month
- Unique visitors20.2K
per month
- Global rank#883,268
among all websites
- Category rank#8,180
Finance · Investing
- Bounce rate63%
- Pages per visit2.1
- Average visit45 sec
- DevicesDesktop 12% · Mobile 88%
Websites whose visitors overlap most with FranShares. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
franchisedirect.com | franchisedirect.com | 100% | #243,073 | – | |
jackintheboxfranchising.com | jackintheboxfranchising.com | 53% | #2,324,179 | – |
Top companies in Investment & Financial Technology
3 companies that operate in the same segment as FranShares (Investment & Financial Technology) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Commission-free trading and investment services are provided by Robinhood. | 2013 | Menlo Park, California, United States | USD 5.58 B | USD 2.98 B | 4,841 | |
Financial data and investment advisory tools are offered online. | 1984 | Chicago, Illinois, United States | USD 91 M | USD 351.25 K | 6 | |
App-based platform for spare change investment | 2012 | Irvine, California, United States | USD 587.84 M | 602 |
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Related news about Franshares
Complete news archive for FranShares
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Frequently Asked Questions about FranShares
FranShares was founded in 2020 and raised its 1st funding round 1 year after it was founded.
FranShares is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
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 2021.
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.
FranShares's top competitors include Percent, WealthForge and Proteus.
FranShares offers Investment Platform.
FranShares has 6 investors. Key investors include Chicago Ventures, Sean Fannan, Daniel Rutberg, Moody Nashawaty, and Jonathan Tabaroki.
FranShares operates through Franshares, Inc..