FranShares Raises $4.1M in Seed Funding

▤ Summary

FranShares, a Chicago, IL-based provider of a platform for franchise investing, raised $4.1M in seed funding. The round, which brought brings total capital raised to date to $5.76M, was led by Chicago Ventures. The company intends to use the new capital to expand its business and launch a secondary marketplace later this year. Founded by Kenny Rose, FranShares is a one-stop solution for franchise operators and investors. Operators can fund expansions through FranShares’s community of nearly 50,000 investors, who gain fractional ownership in franchise locations and receive excess profits as distributions.

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