FRANCAP CORPORATION ("FranCap") is a franchise development company that provides franchisors with the knowledge, skills, systems and capital sources to enable them to become large national brands. FranCap's roots date back to the early 1960's, when FranCap's founders worked within the securities, real estate, insurance, marketing, and venture capital industries.
In 1971, the corporation's chief legal counsel, Harold Brown of Boston, Massachusetts, conceived of, and subsequently was instrumental in, the development, introduction and establishment of the first franchise laws in the U.S., initially in California. In 1979, Mr. Brown played a key role in drafting the Federal Trade Commission's ("FTC") Uniform Franchise Offering Circular ("UFOC"), now referred to as the Franchise Disclosure Document ("FDD"). Mr. Brown was also the co-founder of the American Bar Association's ("ABA") committee on franchising and he served on its governing council for 6 years.
In 1998, FranCap's founders established a new Delaware entity called Francap Corporation ("Francap Corporation") to pursue a unique business franchising model that involved partnering with prospective franchisors to enable them to grow businesses more quickly. Subsequent to that, FranCap's founders formed two venture capital funds: Cartel Funding, LLC (established in 2003), and the Cartel Equity Fund, LLC (established in 2012), to address the funding, management and marketing needs of private companies, and to move them along a critical path to their next level, such as a mini IPO, IPO, merger, or acquisition exit strategy.
In 2016, FranCap Corporation was re-incorporated in Wyoming as a successor company to FranCap Corporation (Delaware) to focus on its no upfront fee franchise development business model. FranCap believes that it is currently one of the only franchise development firms in the industry that has such a unique business model.