Harmonyze (fka Legal Hat), a NYC-based provider of an AI-first platform designed to increase franchisor’s profit margins, raised over $2M in Pre-Seed funding.
The round was led by Bowery Capital, with participation from Focal.VC, as well as individual investors that included CXOs at franchisors, AI companies, and private equity firms.
The company intends to use the funds to accelerate the development and deployment of its AI-first solution, further expand its market reach, and hire several key roles across the engineering and commercial teams.
Led by CEO Gary Liskovich, Harmonyze uses AI agents to centralize and automate operational and legal compliance, monitoring and reporting, and rapid two-way experimentation across scaled franchise networks. By reducing a franchisor’s team’s manual compliance-focused tasks, it increases their bandwidth for high-value, strategic work, such as investing in closer relationships with franchisees, building the overall brand, and developing new intellectual property.
Commenting on the news, Gary Liskovich said: “By developing AI agents purpose-built for franchisors, we’ve been able to significantly streamline and simplify this complexity. I’m thrilled to continue developing cutting-edge solutions for franchisors that make them more profitable, unlock strategic bandwidth, and boost store sales.”
FinSMEs
22/08/2024