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Construction Tech Company Frank App Inc. Gains Momentum with Equity Crowdfunding Campaign

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Construction Tech Company Frank App Inc. Gains Momentum with Equity Crowdfunding Campaign

October 01
23:15 2021
Construction Tech Company Frank App Inc. Gains Momentum with Equity Crowdfunding Campaign

Los Angeles, Calif. – Oct 1, 2021 – Frank App Inc., makers of software that automates the home renovation estimating process, is seeing success with its investment crowdfunding campaign on WeFunder. With minimum investments starting at just $100, Frank App Inc. has raised more than $100,000 to date.

With years of experience as contractors and construction professionals, the Frank App founders knew firsthand the challenges for home renovators of creating detailed estimates quickly and efficiently. Most contractors spend hours every week – 18 hours, on average – manually creating estimates for jobs they may not win.

The Frank App team also understood the homeowners’ pain points when working with contractors – waiting weeks for an estimate and, when it arrives, feeling frustrated by the lack of detail and clarity.

“When we started looking at this problem,” says cofounder and CEO Zach Schlossberg, “we had one insight that changed everything: estimating isn’t an art, but a science. As long as you ask the right questions and know the logic of construction, there’s no reason why software can’t quickly put together detailed estimates and even schedules automatically.”

The Frank App automates the entire planning process, enabling contractors to generate complete estimates and project plans up to ten times faster than doing so manually. 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 an initial 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, offering significant benefit to both the contractor and the homeowner.

“We envision a world,” says Schlossberg, “where contractors and homeowners are on the same page every step of the way, and where all tedious office work is automated.”

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