FranchiseBlast

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FranchiseBlast - overview

Established

2007

Location

Gatineau, QC, Canada

Primary Industry

Software

About

FranchiseBlast offers specialized software solutions for franchise and multi-location businesses, enhancing operational efficiency through a comprehensive platform that streamlines management and compliance across various brands. FranchiseBlast, founded in 2007 in Gatineau, Canada, focuses on providing software solutions for franchise operations. In January 2021, FranConnect LLC acquired FranchiseBlast, with financial details not disclosed. The founder's background is not publicly available, and the company has completed one deal to date.


FranchiseBlast provides a comprehensive cloud-native Software as a Service (SaaS) platform tailored for franchise and multi-location businesses. Their platform supports the expansion and management of franchise locations through features that streamline operations, enhance collaboration, and ensure compliance, addressing challenges faced by franchise operators. Serving nearly 1,500 multi-location brands globally, it primarily targets customers in quick-service restaurants, hospitality, retail, and personal services across markets in North America, Australia, India, and other regions. FranchiseBlast generates revenue through a subscription-based model, where clients pay for access to its software platform and services.


Clients subscribe to various modules tailored to their operational needs, accommodating diverse pricing plans based on their size and requirements. This model allows it to cater to a wide clientele, from emerging brands to large international franchises, ensuring alignment with each customer’s operational goals. Following the acquisition in January 2021, FranchiseBlast plans to leverage its integration with FranConnect to develop new product features that enhance user experience. The company aims to expand its footprint in new geographic regions, specifically targeting additional markets in Europe and Asia by 2023.


The recent funding will support these initiatives as FranchiseBlast seeks to innovate its offerings and grow its market presence.


Current Investors

FranConnect LLC

Primary Industry

Software

Sub Industries

Customer Relationship Management, Analytics & Performance Software

Website

www.franchiseblast.com

Verticals

Cloud Computing

Company Stage

Add-on

Total Amount Raised

Subscriber access only

FranchiseBlast - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onCompletedFranchiseBlast-

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