Hi. How is this different from FrankApp. Thank you.

Frank is great! But it's just an estimator. It streamlines the estimating process - and nothing else. We are addressing the entire process flow of field service contracting.

How are you protecting your IPs?

Currently we have trademarks and copyrights filed. We plan to use up to 10% of our raise for extensive patents.

What is the use of proceeds?

It's was originally planned to be 50% top of funnel user acquisition to scale our top line revenues and get us cash flow positive, 40% payroll/talent acquisition, and 10% legal/IP/R&D. We are primarily focused on building the best product market fit possible for general contractors.

How many clients do you have?

We have right around 7,000 free users and 140 paying users. Growing every day. We have some really nice middle of funnel optimizations and feature enhancements coming in the next few weeks that will increase our conversion rates quite a bit. Then we are ready to start scaling top of funnel traffic/user acquisition.

What reasons would a freemium contractor make the decision to become a paying customer?

Hi Elliot, this is a great question. Freemium contractors are limited to one team member (themselves). They can send Estimates, Invoices, Post-Inspections, and use Contractor+ Payments (our built-in payment solution for credit cards and ACH offering same day payouts for Chase account holders). First and foremost - even if a contractor never upgrades, we have ways to generate revenue aside from the subscription (Payments, Homeowner Financing Referrals, Supply Overrides). That said, the main mo...

Contractor+

Collaborative platform and AI for contractors

https://wefunder.com/contractor

Total raised on Wefunder: 641675

Total investors: 491

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$516K Annual Run Rate Revenue, 86%+ Gross Margins, 162% YoY growth
Multiple Revenue Streams: Subscriptions, Payment Facilitation, Financing, Insurance Referrals & more
$60B market opportunity with a CAGR of 19%, $13T annual construction spend
$35k MRR, $7k+ monthly one-time revenue. 6,000 MAUs, 1040+ active paying customers
Partnerships & integrations with Thumbtack, Intuit Quickbooks, 1build, CompanyCam, Lowe’s & Square
Patent-pending Contractor+ Assistant AI & Strategic network effects for exponential growth
Available on all platforms with native applications for Web, iOS and Android Phones & Tablets
Previous investors include executives at Google, Meta, Intel, Amazon and CACI

Investor memo sources

Kingscrowd Capital: https://uploads.wefunder.com/uploads/remote_files/833930-hRbw1H3tPkCb1BmPvFaossQu/Contractor%2B_Top_Deal_Report.pdf (not paid for by company)
Hemdeep Dulthummon: https://uploads.wefunder.com/uploads/remote_files/819107-IEZi5S1RfsiCYP4mRFbp3xPB/Contractor_Plus_-_Investment_Memo__2_.pdf (not paid for by company)
Caleb Naysmith: https://wefunder.com/updates/174734 (not paid for by company)

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Collaborative platform and AI for contractors

contractorplus.app

Columbus, OH

Technology Notable Angel B2B SaaS Mobile Apps

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