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Frank Innovations

Developing SAAS solutions to simplify the used car purchase process for independent car dealers.

Founded 2020 11-50 employees Venture round Total: $52.83M Automotive

General Information

Company Name Frank Innovations
Founded Year 2020
Employees 11-50
Industries Automotive
Funding Stage Venture round
Social

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About Frank Innovations

Frank Innovations is a SAAS startup focused on simplifying the used car purchasing process for independent car dealers. Founded in 2020 and headquartered in King of Prussia, Pennsylvania, the company has gained attention with its innovative approach. Their recent $6.00M Venture Round investment on 20 March 2023 saw the participation of notable investors such as Starting Line and Launchbay Capital. With a clear vision and a targeted approach in the automotive industry, Frank Innovations is poised for growth and disruption in the used car market.

Business keywords: SAAS solutions, used car purchase process, independent car dealers, car dealerships, software development, streamlining operations, sales optimization, King of Prussia, Pennsylvania, startup, technology innovation, business development

Funding Rounds & Investors (5)

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Funding Stage Amount Investors Lead Investors Date
Venture Round $6.00M 2
Starting Line, Launchbay Capital
20 Mar 2023
Seed Round $4.47M 4
Starting Line, Cathexis Ventures +2
15 Mar 2022
Debt Financing $40.00M 1
Hudson Cove Capital
29 Sep 2021
Seed Round $1.25M 1
Synterra Capital Partners
29 Sep 2021
Pre Seed Round $1.11M 2
GoAhead Ventures, Cathexis Ventures
16 Jan 2021

Frank Innovations Alternatives & Competitors

View All Alternatives
Frank Innovations vs
Carsnip Ltd
Carsnip Ltd United Kingdom

Clever Car Search for Used Car Buyers

Equity Crowdfunding
3 employees
E-Commerce, Internet
Frank Innovations vs
Carketa
Carketa United States

Automotive Profit Intelligence to enhance how dealers Buy, Manage, Service, and Sell Carketa.com

Seed
38 employees
Automotive
Frank Innovations vs

AUTO1 Group is Europe’s leading digital automotive platform.

Convertible Note
4915 employees
Internet, Marketplaces

FAQ About Frank Innovations

Developing SAAS solutions to simplify the used car purchase process for independent car dealers.
Frank Innovations was founded in 2020.
Frank Innovations operates in Automotive. Its work centres on SAAS solutions, used car purchase process, independent car dealers and car dealerships.
Frank Innovations has approximately 11-50 employees.
Frank Innovations has completed 5 funding rounds, raising a total of $52.83M. The latest funding stage is Venture round.
Top alternatives and competitors to Frank Innovations include Carsnip Ltd, Carketa, AUTO1 Group, Oto.net, Motorway. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Frank Innovations and Carsnip Ltd are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Frank Innovations, https://bouncewatch.com/company/frank-innovations, updated 20 December 2024. When citing, please name BounceWatch and link this page.

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