Lessen logo — Disrupting Property Services Management Industry

Lessen

Disrupting Property Services Management Industry

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

General Information

Company Name Lessen
Founded Year 2019
Location United States Scottsdale, United States
Employees 1107
Industries Platforms, Prop Tech, Real Estate
Funding Stage Venture round
Social

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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.

Business keywords: 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 Undisclosed 2
Monroe Capital, Invitation Homes
11 Jan 2023
Venture Round $500.00M 5
Navitas Capital, Monroe Capital +3
11 Jan 2023
Series B $30.00M 1
Legacy Knight
01 May 2022
Series B $170.00M 4
Navitas Capital, Khosla Ventures +2
30 Nov 2021
Series A $35.00M 4
Navitas Capital, Khosla Ventures +2
24 Jun 2021
Seed Round Undisclosed 2
Navitas Capital, Cold Start Ventures
01 Apr 2021

Lessen Alternatives & Competitors

View All Alternatives
Lessen vs
RENT PROSPER, LLC
RENT PROSPER, LLC United States

Residential Property Management & Real Estate Investment Firm.

22 employees
Prop Tech, Real Estate
Lessen vs
Porchplus
Porchplus Nigeria

All your property, One account with a Smile.

8 employees
Financial Services, Marketplaces
Lessen vs
Albany Management
Albany Management United States

Albany Management is a family-owned and operated real estate and property management company.

30 employees
Prop Tech, Real Estate

FAQ About Lessen

Disrupting Property Services Management Industry
Lessen was founded in 2019.
Lessen is headquartered in Scottsdale, United States.
Lessen operates in Platforms, Prop Tech and Real Estate. Its work centres on PropTech, Real Estate Services, Property Services and Facilities Maintenance.
Lessen has approximately 1107 employees.
Lessen has completed 6 funding rounds, raising a total of $735.00M. The latest funding stage is Venture round.
Top alternatives and competitors to Lessen include RENT PROSPER, LLC, Porchplus, Albany Management, Curry Real Estate Services, Platinum Property Management, Atlanta GA. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Lessen and RENT PROSPER, LLC 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.

Source: BounceWatch company record for Lessen, https://bouncewatch.com/company/lessen, updated 30 December 2024. When citing, please name BounceWatch and link this page.

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