ORLANDO, Fla.–(BUSINESS WIRE)–Apr 25, 2022–
Leasecake, the cloud-based working system for lease and site administration, introduced at the moment that it raised $12 million in an oversubscribed Collection A spherical led by PeakSpan Capital, a Silicon Valley and New York Metropolis based mostly funding agency centered on growth-stage B2B software program corporations. Las Olas Enterprise Capital and different present traders participated within the spherical, together with new strategic traders together with Branded Strategic Hospitality.
Leasecake permits tenants, brokers and landlords to handle location-related companies, from lease administration and lease accounting to insurance coverage agreements and franchise operations. Leasecake’s platform supplies centralized entry to lease and site data, integrating information from a number of sources to function a single supply of reality for organizations on each side of the market.
The shift to distant work throughout the pandemic has accelerated demand for enterprise location administration expertise. Leasecake’s income elevated fivefold in 2021 in comparison with the earlier 12 months, with prospects starting from single-site operators to companies managing greater than 1,000 places. The corporate plans to make use of the Collection A funding to greater than double its headcount over the following 18 months, create new platform choices and broaden additional into Europe and Latin America.
“Over the previous 12 months we skilled important demand from companies of all sizes leveraging our answer to turn into extra environment friendly, collaborative and nimble,” stated Taj Adhav, CEO and co-founder of Leasecake. “Our prospects instantly noticed how our platform delivers quick solutions for a big aggressive benefit, particularly with regards to a very powerful features of their enterprise. The world is dashing up, and the way forward for work means discovering simple methods to behave on what issues. For our prospects throughout the retail, workplace, and industrial sectors – the longer term is now.”
Streamlining Operations for Effectivity and Collaboration
Leasecake’s expertise helps companies – together with private-equity companies, franchisors and company tenants, brokers and landlords – streamline operations, adjust to new lease accounting requirements, observe mission-critical and time-sensitive contracts, and collaborate extra effectively with service suppliers. The problem with siloed legacy techniques is that they aren’t intuitive and sometimes can’t adapt to a cellular workforce. However with Leasecake, companies of all sizes keep on high of their location portfolios – retaining tabs on lease and insurance coverage renewals, monitoring security inspections, and managing enterprise licenses.
“Members on our platform characterize each side of the true property life cycle,” stated David Schrader, Chief Product Officer of Leasecake. “The expertise lets them seamlessly collaborate and share information with actual property brokers, CPA companies, lenders, attorneys and insurance coverage brokers – events supporting all aspects of a lease or purchase/promote transaction – to allow them to shortly transfer by way of due diligence, assembling correct monetary statements to shut loans and do offers quicker.”
Radiance Holdings, which owns magnificence and wellness franchisors Sola Salon Studios and The Woodhouse Day Spa, presents Leasecake as a profit to assist their franchisees and native salons handle real-estate operations.
“Because the nation’s quickest rising Salon Studio franchisor, we wanted a location administration answer to simply deploy system-wide throughout our 600+ places,” stated Nathan Jensen, Chief Monetary Officer of Radiance Holdings. “To take care of our business management, we need to be nicely forward of the digitization curve for our again workplace. Utilizing Leasecake has paid off: the platform is a robust answer to assist us scale and broaden our footprint nationwide with quick solutions on mission-critical actual property and site particulars – all in a collaborative, intuitive platform that helps our franchisees.”
Specialised Retail, the retail subsidiary of Specialized Bicycle Components, makes use of Leasecake to handle its fast-growing community of company-operated shops. The software program helps Specialised Retail’s small crew hold tempo with enlargement – the community now consists of 60 places – as they onboard dozens of recent websites. “Our infrastructure remains to be maturing, however Leasecake offers us the processes we have to handle speedy development,” stated Peter Robson, Retail Operations Supervisor at Specialised Retail.
Leasecake’s Pioneering Platform
Phil Dur, Co-Founder and Managing Accomplice of PeakSpan Capital, stated Leasecake was a superb match with the agency’s technique: partnering with entrepreneurs whose companies handle a big and strategic market, with distinctive product high quality, a transparent and intuitive worth proposition, and a dedication to resilient worth creation.
“We expect Leasecake is a pioneer in bringing broad-based location administration excellence to tenants, landlords and brokers,” Dur stated. “The answer actually shines with regards to serving to these constituent teams handle a number of properties, providing a wealth of options and ease-of-use that allow these stakeholders to collaborate on the Leasecake platform. We’re so energized by the chance to companion with the Leasecake crew in capitalizing on their extraordinary progress thus far and construct the definitive location administration chief out there.”
Leasecake is the lease and site administration working system for private-equity companies, franchisors, company tenants, brokers, and landlords. The intuitive SaaS platform supplies quick solutions, proactive consciousness, and actionable intelligence for simple collaboration throughout all mission-critical, time-sensitive occasions, simplifying productiveness throughout distributed groups. As a future-of-work platform, Leasecake’s shareability additionally helps service suppliers, provides worth for his or her shoppers, and helps companies that lease or personal places save time, reduce danger, and higher handle development.
About PeakSpan Capital
PeakSpan Capital is a development fairness agency based mostly in New York Metropolis and San Mateo. Having partnered with over 30 high-growth software program companies and with greater than $1.5 billion in belongings below administration, PeakSpan goals to be the companion of alternative for growth-stage entrepreneurial groups constructing software program focused at enterprise patrons of all sizes. To study extra about PeakSpan Capital and its portfolio, please go to: www.peakspancapital.com.
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KEYWORD: UNITED STATES NORTH AMERICA FLORIDA
INDUSTRY KEYWORD: COMMERCIAL BUILDING & REAL ESTATE TECHNOLOGY CONSTRUCTION & PROPERTY SOFTWARE RESTAURANT/BAR LODGING RETAIL DATA MANAGEMENT TRAVEL
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PUB: 04/25/2022 12:01 AM/DISC: 04/25/2022 12:02 AM