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
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- Legal Name Lessen, Inc
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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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™.
Facilities management solutions are provided for commercial properties.
Property maintenance solutions are offered for residential properties.
Technology platform is designed for property management efficiency.
People of Lessen
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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.
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.
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Private debt financing is offered via specialized funds.
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Investments are made in early-stage tech startups by Fifth Wall.
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Early-stage startups are funded by this venture capital firm.
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Investor details for Lessen
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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.
Investment portfolio details for Lessen
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- Portfolio identities
- Transaction dates
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| 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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Residential repair and maintenance services are provided to homeowners.
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SaaS-driven maintenance solutions for commercial spaces are provided.
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Complete acquisition details for Lessen
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- Domains and locations
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Financial Statements - Lessen
Detailed financials for Lessen
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- Profit trends
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Lessen Comparisons
Peer comparison for Lessen
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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.
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Home design, decorating, and renovation platform is operated online.
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SaaS-driven maintenance solutions for commercial spaces are provided.
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Online listing platform for home improvement service professionals
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Revenue cycle management platform for healthcare is provided.
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Revenue cycle automation platforms are provided for healthcare reimbursement.
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Cloud-based invoicing and billing solution for businesses
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Detailed competitors of Lessen
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Verified entity values are shown only after access is granted.
Latest news on Lessen
Complete news archive for Lessen
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Frequently Asked Questions about Lessen
Lessen was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Lessen is headquartered in Scottsdale, United States. It is registered at Scottsdale, Arizona, United States.
Jay McKee is the current CEO of Lessen. They have also founded this company.
Lessen is a funded company, having raised a total of $705M across 4 funding rounds to date.
As of Dec 31, 2023, the latest employee count at Lessen is 205.
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.
Lessen offers Lessen Commercial, Lessen Residential, and Lessen360™.
Lessen has made 3 acquisitions, including Blue Skyre IBE, EPM Build, and SMS Assist.
Lessen has 6 investors. Key investors include Khosla Ventures, Invitation Homes, Fifth Wall, Monroe Capital, and General Catalyst.
The valuation of Lessen is $1B as of Nov 2021.