Leasecake, a specialized company focusing on lease and location management solutions, has successfully raised $10 million in a Series A extension.
The investment round was spearheaded by PeakSpan Capital and Las Olas Venture Capital, with additional backing from a venture debt facility provided by Silicon Valley Bank, a division of First Citizens Bank.
This influx of capital is earmarked to facilitate further enhancements to Leasecake’s platform, as well as to broaden its suite of offerings to better serve its expanding customer base.
Under the leadership of CEO Scott Williamson, Leasecake stands out as a premier real estate and location management platform. Geared towards assisting multi-unit operators in efficiently managing leases, locations, and assets, Leasecake plays a crucial role in mitigating risks within their portfolios.
With a notable surge in user growth over the past year, Leasecake has effectively doubled its platform users. Presently, its user base spans thousands of brands and tens of thousands of locations across the United States and Canada.
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By Proptechbuzz
By Ravi Kumar
