Leasecake, a leading provider of lease and location management solutions for multi-unit operators, recently announced the closure of a $10 million Series A extension round. This funding, led by PeakSpan Capital and Las Olas Venture Capital, with additional support from Silicon Valley Bank, will help Leasecake further develop its innovative platform to simplify and safeguard complex real estate and location management operations for franchise and corporate entities.
In today’s fast-paced business environment, multi-unit operators face numerous challenges, including overlooked lease and contractual obligations. Leasecake’s AI-driven platform offers peace of mind by helping users stay on top of important tasks and focus on business expansion. The recent investment will support the company in refining its platform to meet the evolving needs of multi-unit operators and expanding its offerings to accommodate a growing customer base.
Phil Dur, Co-Founder and Managing Partner of PeakSpan Capital, expressed excitement about supporting Leasecake as they redefine the use of technology in minimizing operational risks for restaurants and retailers. Nate Vasel, Partner at Las Olas Venture Capital, also shared his enthusiasm for supporting Leasecake’s innovative platform, focused on delivering value for franchisees and franchisors.
Leasecake’s comprehensive suite of features reduces the risk of common pitfalls such as missing lease renewals, negotiating unfavorable leases, and overpayments in charges. The platform has seen tremendous user growth over the last year, with thousands of brands and tens of thousands of locations in the U.S. and Canada relying on Leasecake for their real estate and location management needs.
With its intuitive interface, competitive pricing, and award-winning functionality, Leasecake has earned recognition as the Overall Lease Management Company of the Year at the 2023 PropTech Breakthrough Awards and top rankings in over 31 categories on G2 for Lease Management and Lease Accounting. To learn more about how Leasecake can simplify and safeguard your real estate and location management operations, visit their website at http://www.leasecake.com.
Source link
