Harmonyze, founded in 2023 by Gary Liskovich and Jonny Greenspan, exited stealth in early 2024 and has seen strong demand from franchisors. The company plans to use the funding to hire more staff and continue product development. It is currently targeting franchisors with a large network of franchisees, but may expand to smaller players in the future. Liskovich believes the company's success is due to its focus on building vertical SaaS for franchisors as a whole, rather than focusing on specific sectors within franchising.
Key takeaways:
- Brooklyn-based startup Harmonyze has raised a $2 million pre-seed round led by Bowery Capital to develop AI agents that help franchisors manage contracts, legal compliance, and documentation.
- The AI agents sit in a private cloud database and can perform over 200 tasks, such as ensuring a franchise has paid a product vendor correctly or that a franchise is up to date on insurance renewals.
- Harmonyze was founded in 2023 by Gary Liskovich and Jonny Greenspan, and exited stealth in early 2024. The company is currently working with a select group of customers to get feedback and iterate on the product.
- The startup is targeting franchisors that head up a sizable network of franchisees, and plans to use the capital from the pre-seed round for hiring to continue building out the product.