Leasecake, a Winter Park, FL-based company specializing in lease and location management solutions, has closed a $10 million Series A extension round.
Investors
The funding round was led by PeakSpan Capital and Las Olas Venture Capital. Additionally, Leasecake secured support from a venture debt facility provided by Silicon Valley Bank, a division of First Citizens Bank.
Founded in 2015, PeakSpan Capital is a growth equity firm based in New York City and Silicon Valley. With $1.5B+ in AUM, its mission is to be the partner of choice for growth-stage entrepreneurial teams who are building amazing software targeted at business buyers of all sizes.
Las Olas Venture Capital (LOVC) is an early-stage venture capital firm that invests in B2B software companies in the Eastern United States. It was founded in 2015 and is based in Fort Lauderdale, Florida.
Leasecake Use of Funds
The funding will be allocated towards further refining Leasecake's AI-driven platform. Additionally, it will support the expansion of the company's offerings to accommodate its growing customer base.
About Leasecake
Leasecake is a company that provides lease and location management solutions tailored for multi-unit operators, particularly in the restaurant and service-based retail sectors. The company offers a range of services, including lease management, lease accounting software, and artificial intelligence tools to help businesses manage their leases and real estate portfolios. It was founded in 2017 and is based in Winter Park, Florida.
Funding Details
Company: Leasecake, Inc.
Raised: $10.0M
Round: Series A Extension
Funding Month: April 2024
Lead Investors: PeakSpan Capital, Las Olas Venture Capital
Additional Investors: Silicon Valley Bank
Company Website: https://leasecake.com/
Software Category: Lease and Location Management
Source: https://www.wwlp.com/business/press-releases/accesswire/850311/leasecake-announces-10-million-series-a-extension-to-reinforce-market-leadership-and-accelerate-growth/