At Leasecake, we believe managing a portfolio of leased properties should be easy and accessible. We believe in a world where you don’t worry about missing a lease renewal. And we believe you should never lose track of your stuff again.
In 2015, two guys met for coffee at a diner and talked about the challenges of managing commercial real estate. Jim Bankston was a developer, landlord, and broker. Taj Adhav was a recovering CPA and tech startup veteran immersed in commercial real estate since he was a kid.
Jim shared his business pain points and convinced Taj there should be an app to make them all go away. Energized by the potential, Taj got up from the table, walked out of that breakfast joint in Winter Park, Florida, and immediately… did nothing. For two years.
Two years later, in the fall of 2017, he pitched the idea for Leasecake at the Techstars Global Startup Weekend event in Orlando. After winning the local award, Leasecake won the Global Showcase in a field of entrepreneurs from 200 cities, 58 countries, and six continents.
The concept resonated with a broad spectrum of people because every business either rents or owns property. From the most prominent global corporations to local mom-and-pop operators, they all have the same struggles.
So, after winning the competition and realizing they had just founded a company, Taj and Jim started building a team. Taj connected with three colleagues from Channel Intelligence, a previous startup that exited to Google. They stepped up to the plate along with a talented software developer, and the core team was in place.
Over the next 18 months, the six of them parked in Jim’s 300-square-foot office and brought Leasecake to life. By mid-2019, the dev and sales teams grew, and the customer list was dense with recognizable brands.
After a $3 million venture capital round in early 2021, the dev, sales, and customer success groups scaled up to accommodate current demand and anticipated growth.
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