Oakscale raises $1.2M seed funding to rapidly scale exceptional franchise concepts
The tech-driven franchise development company, Oakscale, announced today a $1.2 million seed funding round led by angel investors Brett Barna, Timothy Tully, Pen King Jr (Innovating Capital), and Robert Huntington with participation from Horsman Holdings and Liveris Family Office (of former Dow Chemical Chairman and CEO Andrew Liveris), as well as other technology and franchise industry investors.
According to Oakscale, many promising franchise concepts fail due to the franchisors’ lack of development resources, misunderstanding of digital marketing and technology best practices, and poor franchise selection. With this seed round, Oakscale plans on executing its mission of identifying exceptional franchise concepts, positioning them for growth, and matching them with franchisees at scale.
Founded in 2017, Oakscale has developed innovative emerging business concepts and promoted them to investors around the world. With their deep experience in franchise sales with leading tech, digital marketing techniques, and powerful analytics, they are uniquely positioned to execute the entire franchise sales and development marketing function for select brands, generating franchise sales in the highest-impact local markets on a national scale.
Oakscale has also been incubated by Metric Collective, one of the largest technology and digital marketing companies in the franchise development space, to create an unmatched digital footprint to promote brands, attract and screen potential franchisees, and ultimately acquire quality franchisees far more efficiently than a brand could on their own.
Explains Oakscale CEO, Joshua Kovacs, “In its simplest form, franchise development is matching qualified candidates with the right brands. The long term vision for Oakscale is to own that process from A to Z. We’ll be the main point of contact from lead generation and qualification through to signing franchise agreements with the franchisor. Right now, our focus is on being the best, most transparent and modern franchise development company out there by ensuring that emerging franchisors get quality franchisees into their system at a pace that allows for intelligent growth.”
To learn more about Oakscale, visit https://www.oakscale.com/.