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INTERNET | eCommerce / Marketplace
lessen.com

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Founded Year

2019

Stage

Series B | Alive

Total Raised

$205M

Valuation

$0000 

Last Raised

$170M | 2 mos ago

About Lessen

Lessen is a marketplace platform that unites property owners and service professionals to deliver property services better, faster, and cheaper. The Lessen platform provides complete job workflow and outsourcing of property service projects, automating the management of the entire property services lifecycle. It seamlessly connects property owners to a nationwide network of vetted professionals for renovation, maintenance, cleaning, and turn services, efficiently delivering property services at scale.

Lessen Headquarter Location

4021 N 75th St Suite 105

Scottsdale, Arizona, 85251,

United States

206-601-1278

Latest Lessen News

Lessen hits unicorn status with $170M Series B

Dec 2, 2021

After closing on a Series A funding round of $35 million in June of this year, rental technology player Lessen announced it has closed on a Series B round of $170 million in a press release. As a result the recent infusion, the company is valued at over $1 billion, making Lessen the second proptech this month to reach “unicorn” status. Fifth Wall Ventures led the Series B, with Khosla Ventures, General Catalyst and Navitas Capital assisting. In total, the company has raised $214 million. “Proceeds from the current investment will be used to fund new technology products, support new field operations teams and facilitate market expansion,” the release stated. Lessen’s model is based on connecting landlords and their physical management teams to expedite critical functions involved with keeping rental properties operable. The web-based platform relies on a series of collaboration tools, bidding interfaces, project management oversight and rapid payment systems. The company states it currently serves 2,000-plus professionals across more than 30 markets. “This funding round gives us the rocket fuel we need to continue to scale the business in many ways,” founder and CEO of Lessen, Jay McKee, said in the press release. “We are being acknowledged as the only company that is delivering technology-enabled service fulfillment in a way that specifically targets our clients needs” With more Americans turn to renting for long-term living, investors and the entrepreneurs they back continue to create ways to streamline how landlords do business and tenants find places. In September, Adam Docktor, a Realtor with Compass in Fort Lauderdale, told Inman that rental demand is off the charts . “I can tell you, I’ve never seen anything like this before,” he said. “[From] 2015 to 2019 there were tons of rentals. We had so many online, and [buildings] were not full. And now all the buildings are between like 95 and 99 percent full where people were like, ‘Oh, that’s never going to happen,'” Docktor said. Lessen said in the release that it plans to add more than 1,000 employees in the coming year. It has around 415 to date.

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Expert Collections containing Lessen

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Lessen is included in 2 Expert Collections, including Unicorns- Billion Dollar Startups.

U

Unicorns- Billion Dollar Startups

963 items

R

Real Estate Tech

2,221 items

Startups in the space cover the residential and commercial real estate space with a focus on consumers. Categories include buying, selling and investing in real estate (iBuyers, marketplaces, investment/crowdfunding platforms), and also tenant experience, property management, et

Lessen Web Traffic

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