About Lessen
Lessen is a Consumer company based in Scottsdale (United States) founded in 2019 by Jay McKee. Property repair, maintenance, and improvement services are booked via platform. It operates on a Managed Services and SaaS (Software-as-a-Service) model in Consumer, Technology, and Business Services sectors. Lessen has raised $705 million across 4 funding rounds from investors including Khosla Ventures, Invitation Homes and Fifth Wall. The company has 1,034 employees. Lessen has completed 3 acquisitions, including Blue Skyre IBE, EPM Build and SMS Assist. Lessen was last valued at $1 billion in December 2023. Its chief executive, as recorded, is Jay McKee. Its website lessen.com draws about 85 thousand monthly visits. Lessen offers products and services including Lessen Commercial, Lessen Residential, and Lessen360™. Its focus areas include Real Estate, Property Management and Facilities Management. Its legal entity is LESSEN, Inc. Its competitors include Houzz, SMS Assist and Porch; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Scottsdale, United States
- Employees 1,034
- Founders Jay McKee
- Stage Unicorn
- SectorsConsumerTechnology Business Services Energy & Utilities Real Estate & Construction
- Phone•••• ••••
- Website lessen.com
- Social LinkedIn X Facebook
- Legal Name Lessen, Inc
- Total Equity Funding$705M (USD)
in 4 rounds
- Latest Funding Round$500M (USD), Series C
Jan 2023
- InvestorsKhosla Ventures
& 11 more
- Employee Count1,034
- Investments & AcquisitionsBlue Skyre IBE
& 2 more
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.
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 $705M
- Total Rounds 4
- Last Round Series C — $500M
- First Round $35M
(Jun 2021)
- Investors Count 12
All 4 funding rounds of Lessen with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2023 | $500M | Series C | – | Monroe Capital, Invitation Homes | – |
| Jan 2023 | Debt – Conventional | – | – | – | |
| Nov 2021 | $170M | Series B | $1B | Fifth Wall | |
| Jun 2021 | $35M | Series A | – | Fifth Wall |
| Date | Valuation | Stage |
|---|---|---|
| Nov 2021 | $1B | •••••••• |
Last known valuation $1B (Dec 2023). 12 investors in total: 12 institutional.
Investors in Lessen
Lessen has secured backing from 12 investors, including venture fund and institutional investors. Prominent investors backing the company include Khosla Ventures, Invitation Homes and Fifth Wall.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private debt financing is offered via specialized funds. | 2004 | monroecap.com | Chicago, United States | |
Investments are made in early-stage tech startups by Fifth Wall. | 2016 | fifthwall.com | New York, United States | |
Early-stage startups are funded by this venture capital firm. | 2004 | khoslaventures.com | Menlo Park, United States | |
Investment and transformation services for entrepreneurs in technology and finance sectors. | generalcatalyst.com | Cambridge, United States | ||
Investments in technology sectors are managed by Navitas Capital. | navitascap.com | Los Angeles, United States | ||
VC-backed startup studio focused on multiple sectors is operated. | 75andsunny.vc | Los Angeles, United States | ||
Cold Start is focused on incubating and investing in innovative companies. | coldstartventures.com | |||
| azvc.com | ||||
Private equity investments are directed toward North American companies. | brooksideequity.com | Stamford, United States | ||
Navitas Capital is focused on long-term investment partnerships. | navitascapital.nl | Alphen aan den Rijn, Netherlands |
Investor details for Lessen
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People of Lessen
37 people are tracked at Lessen (13 in leadership, 1 in board & advisors, 23 in team); the tracked headcount is 1,034.
| Name | Role | Group |
|---|---|---|
Jay McKee | Founder & CEO | Leadership |
Maureen Ehrenberg | President, Commercial Division | Leadership |
Brian Ilc | Regional Director Of Hospitality Operations | Leadership |
Justin Iannacone | Chief Process and Innovation Officer | Leadership |
Sean Miller | Chief Revenue Officer | Leadership |
Mark Johnson | Director of Client Programs | Leadership |
Richard Gray | Enterprise Sales Director | Leadership |
Jianqing Zhao | Chief Technology Officer | Leadership |
Sloan Swanson | Chief Business Officer | Leadership |
Quan N. | Head of Recruiting, Technology | Leadership |
Scott Whalen | Senior Vice President, Legal & Compliance | Leadership |
Michael Linn | Director- Field Operations | Leadership |
Joshua Silverstein | Sales Director | Leadership |
Gregor Watson | Co-Founder + Board Member | Board & advisors |
Jorge Padilla | Project Manager | Team |
Tyler Toenyes | Senior Project Manager | Team |
Todd Johnston, MBA, MRED | Project Manager | Team |
Derrek Kaier | Regional Project Manager | Team |
Kenzie Beach | Field Project Manager | Team |
Sam Joseph | Software Engineer | Team |
17 more people are available in the full profile.
Complete people profiles for Lessen
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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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.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Commercial facility management consulting and supply chain services are provided. | blueskyre.com | Chicago, United States | 2020 | Apr 2023 | •••• | |
SaaS-driven maintenance solutions for commercial spaces are provided. | smsassist.com | Chicago, United States | 2003 | Jan 2023 | $950M | |
Residential repair and maintenance services are provided to homeowners. | epmbuild.com | Nashville, United States | 2013 | Apr 2022 | •••• |
Complete acquisition details for Lessen
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
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- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Lessen
7 dated milestones of Lessen across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Lessen is founded.
- Funding First funding round of $35.0M.
- Milestone Reaches Unicorn status.
- Acquisition Acquires EPM Build.
- Acquisition Acquires SMS Assist.
- Funding Latest funding round, Series C, of $500.0M.
- Acquisition Acquires Blue Skyre IBE.
Competitors of Lessen
Lessen has 3 listed competitors in our database, 3 of them funded. They include Houzz, SMS Assist and Porch.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| houzz.com | 2009 | Palo Alto, United States | $613.6M | 753 | Home design, decorating, and renovation platform is operated online. | |
| smsassist.com | 2003 | Chicago, United States | $255M | 946 | SaaS-driven maintenance solutions for commercial spaces are provided. | |
| porch.com | 2013 | Seattle, United States | $120.13M | 342 | Online listing platform for home improvement service professionals |
Detailed competitors of Lessen
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Verified entity values are shown only after access is granted.
Web traffic of Lessen
The website of Lessen (lessen.com) receives about 85K visits a month.
- Monthly visits85K
▼ 23.7% vs previous month
Websites whose visitors overlap most with Lessen. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| smsassist.com | 100% | 4.2K | View details |
Top companies in Home & Living Products
3 companies that operate in the same segment as Lessen (Home & Living Products) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
App based platform to connect users with local service professionals | 2008 | San Francisco, California, United States | USD 698.85 M | 1,807 | ||
Provider of FMCG conglomerate products | 1837 | United States | USD 457.23 M | 923 | ||
Multi-category home improvement products are sold online by Wayfair. | 2002 | Boston, Massachusetts, United States | USD 368.2 M | USD 12.46 B | 3 |
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Related news about 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 CEO of Lessen, as recorded in our data. They have also founded this 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 A of $35M, raised on Jun 2021.
Lessen has 1,034 employees.
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's top competitors include Houzz, Porch and SMS Assist.
Lessen offers Lessen Commercial, Lessen Residential, and Lessen360™.
Lessen has made 3 acquisitions, including Blue Skyre IBE, EPM Build, and SMS Assist.
Lessen has 12 investors. Key investors include Khosla Ventures, Invitation Homes, Fifth Wall, Monroe Capital, and General Catalyst.
The valuation of Lessen is $1B as of Dec 2023.
Lessen operates through Lessen, Inc.