Leasecake builds a real estate and location management platform used by multi-unit operators to manage leases, locations, and assets and to reduce portfolio risk. Led by CEO Scott Williamson and based in Winter Park, FL, the company serves thousands of brands and tens of thousands of locations across the United States and Canada. Over the past year Leasecake doubled its number of platform users. The company raised a $10M Series A extension and secured a venture debt facility to support growth. Leasecake intends to use the funds to further refine its platform and to expand its product offerings to better accommodate its customer base. The platform’s focus is on improving operational efficiency and decreasing risk for multi-location portfolios. Leasecake is a cloud-based operating system that centralizes lease and location information for tenants, brokers, landlords, franchisors, private-equity firms and corporate tenants. The platform integrates data from multiple sources to serve as a single source of truth, supporting lease management, lease accounting, insurance agreements and franchise operations. Customers range from single-site operators to organizations managing more than 1,000 locations, and the company reported revenue increased fivefold in 2021 versus the prior year. Leasecake’s software helps teams track lease and insurance renewals, safety inspections, business licenses, and collaborate with service providers to assemble accurate financials and speed transactions. The company plans to more than double headcount over the next 18 months, create new platform offerings, and expand further into Europe and Latin America. Leasecake is based in Orlando, Fla. Leasecake is a cloud-based SaaS application that serves as the sole source of truth for lease and location information, with a primary focus on multi-unit tenants and tenant-rep brokers. The platform supports underserved small- to mid-sized enterprises by providing proactive notifications for mission-critical, time-sensitive events and simplifying collaboration across distributed teams. Early adopters were retail tenants, and the customer base expanded to include office, medical, and corporate users moving off legacy systems. Leasecake’s functionality includes tracking renewal options, expirations, critical lease clauses, business licenses, insurance renewals, inspections, and maintenance contracts. The company emphasizes helping SMEs achieve operational efficiencies comparable to larger enterprises, especially as many adopt remote-first structures. Leasecake raised capital in a seed round to fund its next product iteration and customer/business development activities.

Total raised

$25M

Funding rounds

4

Latest round

Series A

Latest activity

Apr 2024