Lessen joined the Unicorn Club on November 30, 2021, following a $170 million Series B funding round led by Fifth Wall, which valued the company at $1 billion. Headquartered in Scottsdale, Arizona, United States, Lessen is a property services and home improvement platform that enables users to book repair, maintenance, and renovation services. The company has raised $705 million to date and employs 205 people (as of December 2023).
Keep reading to learn how Lessen became a leading platform in home services and property management technology.
What Is Lessen and What Does It Do?
Founded in 2019, Lessen provides a digital platform for property repair, maintenance, and home improvement services, allowing homeowners and property managers to efficiently manage and book services. The platform provides solutions for renovation, maintenance, and cleaning, as well as property services management, work order management, integrated dashboards, billing, and analytics.
By digitizing and streamlining property services, Lessen helps improve operational efficiency, transparency, and convenience for both service providers and property owners. The platform serves as a central hub to manage multiple service needs in one place, supporting better planning, tracking, and reporting for property-related work.
How Much Funding Has Been Raised?
- Series B
- Amount Raised: $170M
- Date: November 30, 2021
- Lead Investor: Fifth Wall
- Valuation: $1B
- Purpose: Expand service offerings, scale operations, and strengthen technology infrastructure for property management and home improvement solutions.
- Earlier Rounds (A and Pre-Seed)
- Cumulative Funding: $535M
- Investors: Navitas Capital and others
- Purpose: Build the platform, hire talent, and expand regional operations.
Total Funding Raised: $705M
Latest Funding Date: January 13, 2023
Latest Valuation: $1B
Employee Count: 205 (as of December 31, 2023)
Key Investors
- Fifth Wall
- Details: Venture capital firm focused on real estate technology and sustainability solutions.
- Focus Areas: PropTech, energy efficiency, and smart building technologies.
- Navitas Capital
- Details: Growth-stage venture firm investing in property technology and real estate innovation.
- Focus Areas: Home services, property management technology, and energy efficiency solutions.
Where Is Lessen’s Headquarters?
Lessen is headquartered in Scottsdale, Arizona, United States, with operations that support property service providers and residential clients nationwide. Its platform combines technology and local service networks to streamline maintenance, renovation, and facility management for both homeowners and property managers.
What’s Next for Lessen?
Lessen is focused on expanding its platform nationally, integrating more property services, and enhancing its technology for improved work order management, analytics, and automation. The company aims to strengthen its network of local service providers, enhance the customer experience, and provide predictive maintenance and energy efficiency solutions. With continued investment and growth, Lessen is positioned to lead the digital transformation of home and property services management.
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