About Lessen
Lessen is a company based in Scottsdale (United States) founded in 2019 by Jay McKee. It operates as a Managed Services, and SaaS (Software-as-a-Service). Lessen has raised $705 million across 4 funding rounds from investors including Khosla Ventures, Invitation Homes and Fifth Wall. The company has 205 employees as of December 31, 2023. Lessen has completed 3 acquisitions, including Blue Skyre IBE, EPM Build and SMS Assist. Lessen offers products and services including Lessen Commercial, Lessen Residential, and Lessen360™. Lessen operates in a competitive market with competitors including Houzz, SMS Assist, Porch, Infinx and AKASA, among others.
- Headquarter Scottsdale, United States
- Employees 205 as on 31 Dec, 2023
- Founders Jay McKee
- Stage Unicorn
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Sectors
ConsumerTechnology Business Services Energy & Utilities Real Estate & Construction
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Lessen, Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$705 M (USD)
in 4 rounds
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Latest Funding Round
$500 M (USD), Series C
Jan 13, 2023
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Investors
Khosla Ventures
& 5 more
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Employee Count
205
as on Dec 31, 2023
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Investments & Acquisitions
Blue Skyre IBE
& 2 more
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Products & Services of Lessen
Lessen offers a comprehensive portfolio of products and services, including Lessen Commercial, Lessen Residential, and Lessen360™. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Facilities management solutions are provided for commercial properties.
Property maintenance solutions are offered for residential properties.
Technology platform is designed for property management efficiency.
Unlock access to complete
Funding Insights of Lessen
Lessen has successfully raised a total of $705M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $500 million completed in January 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series C — $500.0M
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First Round
First Round
(24 Jun 2021)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2023 | Amount | Debt – Conventional - Lessen | Valuation |
investors |
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| Jan, 2023 | Amount | Series C - Lessen | Valuation | Monroe Capital , Invitation Homes |
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| Nov, 2021 | Amount | Series B - Lessen | Valuation | Fifth Wall |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Lessen
Lessen has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Khosla Ventures, Invitation Homes and Fifth Wall. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private debt financing is offered via specialized funds.
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Founded Year | Domain | Location | |
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Investments are made in early-stage tech startups by Fifth Wall.
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Founded Year | Domain | Location | |
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Early-stage startups are funded by this venture capital firm.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Lessen
Lessen has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Blue Skyre IBE, EPM Build and SMS Assist. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Commercial facility management consulting and supply chain services are provided.
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2020 | ||||
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Residential repair and maintenance services are provided to homeowners.
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2013 | ||||
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SaaS-driven maintenance solutions for commercial spaces are provided.
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2003 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Lessen
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Lessen Comparisons
Competitors of Lessen
Lessen operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Houzz, SMS Assist, Porch, Infinx and AKASA, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Home design, decorating, and renovation platform is operated online.
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| domain | founded_year | HQ Location |
SaaS-driven maintenance solutions for commercial spaces are provided.
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| domain | founded_year | HQ Location |
Online listing platform for home improvement service professionals
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| domain | founded_year | HQ Location |
Revenue cycle management platform for healthcare is provided.
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| domain | founded_year | HQ Location |
Revenue cycle automation platforms are provided for healthcare reimbursement.
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| domain | founded_year | HQ Location |
Cloud-based invoicing and billing solution for businesses
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Lessen
Frequently Asked Questions about Lessen
When was Lessen founded?
Lessen was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Where is Lessen located?
Lessen is headquartered in Scottsdale, United States. It is registered at Scottsdale, Arizona, United States.
Who is the current CEO of Lessen?
Jay McKee is the current CEO of Lessen. They have also founded this company.
Is Lessen a funded company?
Lessen is a funded company, having raised a total of $705M across 4 funding rounds to date. The company's 1st funding round was a Series B of $170M, raised on Jun 24, 2021.
How many employees does Lessen have?
As of Dec 31, 2023, the latest employee count at Lessen is 205.
What does Lessen do?
Property maintenance and facilities management solutions are offered by Lessen for commercial and residential sectors. Services include managing repairs, maintenance, capital projects, and turn cycles at scale. Operations are optimized through technology platforms like Lessen360 and a nationwide network of vendors. Focus is placed on simplifying complexities, reducing costs, and improving occupant experiences across retail, healthcare, financial services, and multifamily industries.
What products or services does Lessen offer?
Lessen offers Lessen Commercial, Lessen Residential, and Lessen360™.
How many acquisitions has Lessen made?
Lessen has made 3 acquisitions, including Blue Skyre IBE, EPM Build, and SMS Assist.
Who are Lessen's investors?
Lessen has 6 investors. Key investors include Khosla Ventures, Invitation Homes, Fifth Wall, Monroe Capital, and General Catalyst.
What is Lessen's valuation?
The valuation of Lessen is $1B as of Nov 2021.