Oakscale, a NYC-based tech-driven franchise development company connecting franchise brands with entrepreneurs, raised $1.2m in seed funding.
The round was 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.
The company intends to use the funds to continue to expand operations and its business reach.
Founded in 2017, incubated by Metric Collective and led by CEO Joshua Kovacs, Oakscale is a franchise development company that develops innovative emerging business concepts and promotes them to investors around the world. The company combines experience in franchise sales with technology, digital marketing techniques, and analytics 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.
As further validation of its model, Oakscale recently partnered with Xpresso Delight, an international franchise brand with over 200 franchises sold in Australia and New Zealand, to serve as Xpresso Delight’s exclusive franchise development partner for all U.S. expansion.