BlogCompany NewsLeasecake Secures $10 Million Series A Extension to Fuel Growth and Reinforce Market Dominance

Leasecake Secures $10 Million Series A Extension to Fuel Growth and Reinforce Market Dominance

Leasecake announces $10M series a extension

Today, Leasecake is proud to announce the closure of our $10 million Series A extension round, a testament to our commitment to simplifying and safeguarding the complexities faced by multi-unit operators.

Led by PeakSpan Capital and Las Olas Venture Capital, with additional support from Silicon Valley Bank, a division of First Citizens Bank, this significant investment underscores Leasecake’s mission to revolutionize lease and location management solutions for franchise and corporate entities.

“In today’s fast-paced business environment, multi-unit operators face unprecedented challenges,” remarks Scott Williamson, CEO of Leasecake. “Our cutting-edge technology not only alleviates these concerns but also empowers our clients to concentrate on expansion.”

Leasecake’s AI-driven platform offers much-needed peace of mind, ensuring that lease and contractual obligations are never overlooked, thus mitigating potential risks. This infusion of capital will facilitate further enhancements to our platform, catering to the evolving needs of multi-unit operators while expanding Leasecake’s offerings to accommodate its growing customer base.

Over the past year, Leasecake has witnessed remarkable user growth, doubling its platform users and spanning thousands of brands and tens of thousands of locations throughout the United States and Canada.

Phil Dur, Co-Founder and Managing Partner of PeakSpan Capital, expresses enthusiasm for Leasecake’s trajectory, stating, “Leasecake’s platform, which simplifies complex operations, is swiftly setting a new standard for the industry.”

Leasecake’s comprehensive suite of features significantly reduces the risk of common pitfalls such as missing lease renewals, negotiating unfavorable leases, and overpayments in Common Area Maintenance (CAM) charges, among others.

“The demand for a unified platform to safeguard real estate interests and streamline location management tasks is more pressing than ever,” notes Taj Adhav, Founder of Leasecake. “That’s the motivation behind Leasecake – to offer the most user-friendly, modern Real Estate and Location Management platform on the market.”

Leasecake’s accolades include being named the Overall Lease Management Company of the Year at the 2023 PropTech Breakthrough Awards and achieving top rankings in over 31 categories on G2 for Lease Management and Lease Accounting. And we’re thrilled to continue leading the charge in revolutionizing real estate and location management.

Want to learn more? Contact us to request a demo today.


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