Lessen Raises $35M in Series A Funding

Lessen

Lessen, a Scottsdale, AZ-based marketplace platform that unites property owners and service professionals to deliver property services, closed a $35m Series A funding round.

The round, which brought total capital invested to date to $44m, was led by Fifth Wall, with participation from Khosla Ventures, General Catalyst and Navitas Capital. In conjunction with the funding, Dan Wenhold, a partner at Fifth Wall, will join Lessen’s Board of Directors.

The company intends to use the funds for new technology products, new field operations teams, and market expansion.

Led by Jay McKee, Founder and CEO, Lessen provides an end-to-end solution for property services across the real estate industry. It replacies outdated manual processes and spreadsheets with centralized project and work order management, as well as integrated dashboards, billing and analytics. The system features a job flow for service pros, incorporating payments for completed work, as well as tools that providers can use to grow their businesses.

The platform currently has more than 1,000 service providers, across 26 markets, which have completed more than 2,000 jobs for institutional investors of single-family residential, multifamily residential, and short-term rental properties.

Lessen also has offices in Seattle and Miami.

FinSMEs

26/06/2021

Contacts

Joe Casados
[email protected]