Lessen logo — Disrupting Property Services Management Industry

Lessen

Disrupting Property Services Management Industry

Founded 2019 United States Scottsdale, United States 1107 employees Series Unknown Total: $735.00M Platforms, Prop Tech +1

General Information

Company Name Lessen
Founded Year 2019
Location United States Scottsdale, United States +3
Employees 1107
Industries Platforms, Prop Tech, Real Estate
Funding Stage Series Unknown
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About Lessen

Lessen is a startup disrupting the property services management industry, offering best-in-class, fully outsourced, and on-demand property services for real estate properties. The company focuses on simplifying and enhancing the maintenance, renovations, and overall management of commercial and residential properties, aiming to improve the experience of tenants and residents.

The company serves distributed real-estate portfolio owners and managers in commercial and residential markets. For commercial properties, their clients include banks, healthcare facilities, retail outlets, REITs, telecommunications, logistics, and industrial businesses. On the residential side, they cater to single-family home portfolios, multi-family units, home builders, and warranty providers.

Powered by technology suite One by Lessen™, Lessen connects clients with property owners and a network of over 30,000 vendors in more than 55 trades. The platform facilitates work order management, streamlines processes, and controls costs, offering user-friendly mobile apps for operations, tenants, residents, and vendors to optimize projects and shorten repair times. Additionally, the company provides professional field project managers and a network of service professionals in over 100 markets, addressing labor shortages and enabling clients to reduce headcount and overhead, leading to scalable business growth.

As of 11 January 2023, Lessen received a $500.00M Venture Round investment from notable investors including Navitas Capital, 1Sharpe Ventures, Monroe Capital, Värde Partners, and Koch Ventures. The company is headquartered in the United States and has offices in Scottsdale, Seattle, and Miami. For more information, visit www.lessen.com.

Lessen's innovative approach and rapid growth demonstrate its potential to reshape the real estate industry by streamlining property management processes and improving overall efficiency, making it an intriguing prospect for venture capital investment.

Taxonomy: PropTech, Real Estate Services, Property Services, Facilities Maintenance, Integrated Facilities Management, Construction Services, REIT, Managed Marketplaces, Real Estate Tech, Renovations, Turns, Maintenance, Single-family Rental, Multi-family Rental, Outsourced Property Services

Funding Rounds & Investors (6)

View All
Funding Stage Amount Investors Lead Investors Date
Debt Financing •••••• 2
Investor
•••• ••••
11 Jan 2023
Venture Round •••••• 5
Investor Investor Investor
•••• ••••
11 Jan 2023
Series B •••••• 1 •••• •••• 01 May 2022
Series B •••••• 4
Investor Investor Investor Investor
30 Nov 2021
Series A •••••• 4
Investor Investor Investor Investor
24 Jun 2021

View All 6 Funding Rounds

Lessen Alternatives & Competitors

Lessen vs

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FAQ About Lessen

Disrupting Property Services Management Industry
Lessen was founded in 2019.
Lessen is headquartered in Scottsdale, United States.
Lessen operates in the following industries: Platforms, Prop Tech, Real Estate.
Lessen has approximately 1107 employees.
Lessen has completed 6 funding rounds, raising a total of $735.00M. The latest funding stage is Series Unknown.
Top alternatives and competitors to Lessen include Scalzo Property Management, Inc., Borba Property Group, Thornhill Properties Incorporated, RENT PROSPER, LLC, LAREM Inc. Industrial Real Estate Specialists. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Lessen and Scalzo Property Management, Inc. are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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