FaaStrakrevenue, valuation & funding
Equipment Rental SoftwareCharlotte, North CarolinaFounded 2018
Shut downFaaStrak is a former Equipment Rental Software company based in Charlotte, founded in 2018.
FaaStrak revenue
FaaStrak has not published its revenue. GetLatka estimates it at about $1.1M a year (October 2024).
All 3 revenue readings, with sources
| As of | Revenue | Source |
|---|---|---|
| Apr 2021 | $642.4K | – |
| Dec 2023 | $663KEST. | GetLatka estimate |
| Oct 2024 | $1.1MEST. | GetLatka estimate |
– source not recorded
FaaStrak valuation
FaaStrak is privately held, so there is no FaaStrak stock to buy. Investors valued it at $3.5M in its July 2019 Convertible Note.
Valuation history$3.5M Convertible Note 2019$2.3M Seed 2018
FaaStrak funding rounds & investors
FaaStrak has raised $710K across three rounds since 2018. The latest was a $150K Convertible Note in July 2019.
| Date | Round | Raised | Valuation |
|---|---|---|---|
| Jul 2019 | Convertible Note | $150K | $3.5M |
| Dec 2018 | Seed | $410K | $2.3M |
| Apr 2018 | Seed | $150K | – |
| Total raised | $710K |
FaaStrak CEO, founders & employees
Ken Brokaw founded FaaStrak in 2018 and led it as CEO. FaaStrak had 7 employees (October 2024, LinkedIn), down from 11 a year earlier.
- Ken BrokawFounder & CEO
All 6 headcount readings, with sources
| As of | Employees | Source |
|---|---|---|
| Oct 2024 | 7 | |
| Dec 2023 | 11 | |
| Dec 2023 | 12 | |
| Dec 2022 | 15 | |
| Dec 2021 | 14 | |
| Apr 2021 | 8 | – |
FaaStrak FAQ
Is FaaStrak still in business?
No. FaaStrak has shut down.
What was FaaStrak's revenue?
GetLatka estimates FaaStrak's revenue at about $1.1M a year (October 2024). The company hasn't published its own figure.
How much funding has FaaStrak raised?
FaaStrak raised $710K across three funding rounds before it shut down. The last was a $150K Convertible Note in July 2019.
How many employees does FaaStrak have?
FaaStrak had 7 employees in October 2024, according to LinkedIn.
Who founded FaaStrak?
Ken Brokaw founded FaaStrak in 2018.
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How this page is sourced
5 from public sources · 2 estimates. Founder figures link to the second they were said; public figures name their source; estimates are marked EST. and say whose they are. Not financial advice.
Updated Oct 17, 2024Data disclaimerReport a correction