Frank App

Generate detailed remodeling estimates automatically, on-site, and in minutes.

Analytics

Raised to Date: $116,170

Aggregate Commitments $
Platform

Wefunder

Start Date

05/24/2021

Close Date

04/30/2022

Min. Goal

$50,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Pre-Seed

Valuation Cap

$10,000,000

Discount Rate

20%

Rolling Commitments $
Status

Active

Reporting Date

06/13/2021

Days Remaining

321

% of Min. Goal

232%

% of Max. Goal

11%

Likelihood of Max
extremely
Avg. Daily Raise

$5,809

# of Investors

97

Momentum
cold
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Location

Hampton Bays, New York

Industry

Business Services, Software, & Applications

Tech Sector

AutomationTech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Business Type

High Growth

Frank App, with a valuation cap of $10 million, is raising funds on Wefunder. The company has developed an app for contractors, by contractors, to generate remodeling estimates automatically. The remodeling software of Frank App supercharges the estimating process on-site and in minutes. Zachary Schlossberg founded Frank App in September 2020. The current crowdfunding round of the company has a minimum goal of $50,000 and a maximum goal of $1,070,000. The raise proceeds will target engineering, marketing, and key senior hires. Frank App already has hundreds of contractors signed up as the first to get Frank, and pre-sales have already begun.
Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-164,803

$-7,792

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$19,952

$8,229

Accounts Receivable

$0

$0

Total Assets

$19,952

$8,229

Short-Term Debt

$2,525

$3,420

Long-Term Debt

$0

$0

Total Liabilities

$2,525

$3,420

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