Queen City Angels Invests in Death-care Industry SaaS Provider CRäKN

SaaS platform for funeral home directors

Queen City Angels (“QCA”) today announced an investment in CRäKN (http://www.crakn.net), a cloud-based software solution for the death-care industry. The company’s software-as-a-service enables funeral home operators and related suppliers to benefit from the cloud for various business functions, including enterprise resource planning and customer relationship management, which will enhance their ability to manage, track and optimize the funeral process for families. CRäKN plans to use the QCA investment to add new team members who will help take the company’s technology solutions to a broader market.

“For CRäKN, raising money in our own hometown was important to us,” said Scott Mindrum, president and CEO of CRäKN and QCA member. “We have received tremendous support from multiple QCA members since inception of our company, from financial modeling and information technology to marketing. They keep us in the loop for opportunities and events in the community, and have shared our story with other investor organizations outside the city to help us raise the capital we need. We are also fortunate to have ongoing board support from QCA members Terry Wright and Steve Baggott as we move forward. Both of them bring extensive sales and marketing experience to our team.”

Mindrum added, “There has never been a better time to start a business in the Cincinnati/Northern Kentucky area than right now. The resources are vast, and most are there for the taking. We are tenants at HCDC, members of Cintrifuse and raised capital from QCA, so we speak from experience.”

Both CRäKN management and QCA investors recognize opportunities for other technology offerings that the company can provide through strategic partnerships, third-party integrations, new feature “bolt-on” services and analytics. In addition, while the death rate is projected to double in the next twenty years, attendance and graduation from the nations 59 accredited mortuary programs are significantly down from historical levels. As a result, funeral directors will increasingly need to do more with less. Solving this industry challenge is part of CRäKN’s vision.

“We are excited to have CRäKN as one of our…

Read the full article from the Source…

Leave a Reply

Your email address will not be published. Required fields are marked *