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Frank App Inc., Construction Tech Firm, Launches Investment Crowdfunding Campaign

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Frank App Inc., Construction Tech Firm, Launches Investment Crowdfunding Campaign

August 04
23:58 2021
Frank App Inc., Construction Tech Firm, Launches Investment Crowdfunding Campaign
Frank App Inc., makers of software that automates the estimating process for home renovations, has launched an investment crowdfunding campaign on the WeFunder platform.

Los Angeles, Calif. – August 4, 2021 – Frank App Inc., makers of software that automates the estimating process for home renovations, has launched an investment crowdfunding campaign on the WeFunder platform. Crowdfunding regulations enable investors at any level to back this company, with minimum investments starting at just $100.

The founders of Frank App Inc., themselves home renovation contractors, recognized that project estimating poses significant difficulties for both contractors and homeowners. Contractors tend to spend a great deal of unpaid time writing up estimates for prospective clients, with no guarantee of actually getting the job. Meanwhile, the homeowner waits weeks for the estimate, and even after seeing it, is frustrated by the lack of detail and clarity. More than simply an annoyance, the founders realized that poor estimating and project planning set the stage for the inevitable delays, miscommunications, and cost overruns that plague so many home renovation projects.

The Frank App automates the entire planning process, enabling contractors to generate complete estimates and project plans in a fraction of the time. While at the initial meeting with the homeowner, the contractor answers a series of questions in the app and, before walking out the door, has created a ballpark estimate that gives the homeowner realistic expectations about costs and a clear understanding of what the project will entail. The contractor can later use the Frank App to generate extremely detailed project plans, including line-by-line pricing, time estimates, labor hours needed, item selections, site photos, and more. Using built-in construction logic, Frank automates busy work and improves accuracy, benefitting the contractor as well as the homeowner.

“Proper project estimating and planning isn’t a luxury or a nice-to-have feature,” says Frank co-founder and CEO Zach Schlossberg. “It’s the single most important thing contractors can do to ensure a successful project. And Frank automates that process, cutting time and making sure that no details are missed. When one contracting firm began using a prototype of Frank, they saw win rates double and estimate turnarounds get 10 times faster.”

Frank App Inc. is part of the burgeoning construction tech industry, which saw a 324% increase in investment between 2017 and 2018, from $731 million to $3.1 billion. The Frank App will serve a large market of home renovation professionals, including 650,000 contracting firms, as well as 115,000 interior design firms and 68,000 architecture firms.

“The market is more than substantial, underserved by tech, and ripe for innovation,” says Schlossberg.

For more information about the Frank App Inc., visit the company’s WeFunder page.

About Frank App Inc.: 

Frank App Inc. was co-founded by a contractor and a former contractor turned software developer. After years of independently running contracting firms, they each came to the same conclusion: Estimating is broken. It takes too long, it’s always done for free, and contractors lose out on jobs because they can’t submit bids fast enough. They dedicated themselves to creating a solution, developing the Frank App to automate the most tedious parts of preconstruction and to generate detailed, accurate estimates and project plans.

Media Contact
Company Name: Frank App Inc.
Contact Person: Zachary Schlossberg
Email: Send Email
Phone: 323.207.6866
Address:1019 E. 4th Pl. #2117
City: Los Angeles
State: CA 90013
Country: United States
Website: https://www.frank-app.com