Leasecake Secures $10 Million to Fuel Growth in Real Estate Management for Multi-Unit Operators

Leasecake Secures $10 Million to Fuel Growth in Real Estate Management for Multi-Unit Operators
Leasecake Secures $10 Million to Fuel Growth in Real Estate Management for Multi-Unit Operators

Leasecake, a leader in real estate and location management solutions for multi-unit operators, has secured an additional $10 million in funding to support its continued growth. This Series A extension round was led by PeakSpan Capital and Las Olas Venture Capital, with participation from Silicon Valley Bank.

Leasecake’s cloud-based platform helps franchise and corporate entities simplify and manage their complex real estate and location operations. The platform offers features such as lease management, location management, and asset management, all designed to streamline operations and reduce risk.

In today’s competitive landscape, multi-unit operators face numerous challenges, including managing lease agreements, ensuring compliance with lease terms, and avoiding costly mistakes. Leasecake’s AI-powered platform automates many of these tasks, freeing up operators to focus on other areas of their business.

“In today’s fast-paced business environment, multi-unit operators face unprecedented challenges,” said Scott Williamson, CEO of Leasecake. “Our cutting-edge technology not only alleviates these concerns but also empowers our clients to concentrate on expansion. We’re invigorated by our investors’ confidence in our vision and their continued support of our journey.”

The new funding will be used to further develop Leasecake’s platform and expand its offerings to meet the growing needs of its customer base. The company has seen significant user growth in recent years, with its platform now serving thousands of brands and tens of thousands of locations across North America.

Investors are enthusiastic about Leasecake’s potential to transform the real estate management industry for multi-unit operators.

“We’re committed to backing Leasecake as they redefine the use of technology in minimizing operational risks for restaurants and service-based retailers,” said Phil Dur, Co-Founder and Managing Partner of Peakspan Capital. “Leasecake’s platform, which simplifies complex operations, is swiftly setting a new standard for the industry.”

Leasecake’s platform helps users avoid common pitfalls such as missing lease renewals, failing lease accounting audits, and overpaying on rent. The platform also provides tools for tracking lease expirations, managing CAM charges, and streamlining the store opening process.

“The demand for a unified platform to safeguard real estate interests and streamline location management tasks is more pressing than ever,” said 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.”

Nate Vasel, Partner at Las Olas Venture Capital, echoed this sentiment. “We are happy to continue supporting Leasecake. With its innovative platform focused on delivering value for franchisees and franchisors, Leasecake is rapidly becoming the industry standard lease management solution.”

Leasecake’s user-friendly interface, competitive pricing, and comprehensive functionality have earned it recognition in the industry. The company has won numerous awards, including the Overall Lease Management Company of the Year at the 2023 PropTech Breakthrough Awards and top rankings on G2 for Lease Management and Lease Accounting.

Leasecake’s latest funding round is a sign of the company’s strong position in the market. With its innovative technology and commitment to customer satisfaction, Leasecake is well-positioned for continued growth in the years to come.

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