Lessen - About the company
Lessen is a series C company based in Scottsdale (United States), founded in 2019 by Jay M McKee. It operates as a Provider of property maintenance and improvement solutions for commercial and residential. Lessen has raised $705M in funding from investors like Fifth Wall, Monroe Capital and Invitation Homes, with a current valuation of $1B. The company has 381 active competitors, including 92 funded and 38 that have exited. Its top competitors include companies like Thumbtack, Houzz and Infinx.
Sectors and market segments that Lessen operate in
Lessen serves in the FinTech, Unbundling of Craigslist, Retail, Real Estate and Construction Tech, Energy Tech, Environment Tech, Sustainability Tech market segments.The primary business model of Lessen are:- FinTech > Finance & Accounting Tech > ***** **** > ***** ******
- Unbundling of Craigslist > Local Services > ***** **** > ***** ******
- Retail > Online Home Improvements > ***** **** > ***** ******
- Real Estate and Construction Tech > Property Management Tech > ***** **** > ***** ******
- Energy Tech > Energy Efficiency Tech > ***** **** > ***** ******
- Environment Tech > Energy Efficiency Tech > ***** **** > ***** ******
- Sustainability Tech > Energy Efficiency Tech > ***** **** > ***** ******
- Energy Tech > Smart Grid > ***** **** > ***** ******
- Environment Tech > Smart Grid > ***** **** > ***** ******
- Sustainability Tech > Smart Grid > ***** **** > ***** ******
- Real Estate and Construction Tech > Facility Management Tech > ***** **** > ***** ******
Company Details
Provider of property maintenance and improvement solutions for commercial and residential. The company offers services including repairs, maintenance, capital projects, and make-readies. It focuses on simplifying complexities and delivering value through technology and a vendor network. The company serves commercial occupiers, owners, residential owners, and managers.
- Website
- www.lessen.com/
- Phone Number
- +1 **********
- Registered Address
- 4021 N 75th St, Suite 105 Scottsdale, AZ 85251
Key Metrics
Founded Year
2019
Location
Scottsdale, United States
Stage
Series C
Total Funding
$705M in 4 rounds
Latest Funding Round
Post Money Valuation
$1B as on Nov 30, 2021
Investors
Ranked
28th among 381 active competitors
Employee Count
1,036 as on Jun 30, 2026
Investment & Acquisitions
Legal entities associated with Lessen
Lessen is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
LESSEN, Inc CIN: 843881497 , United States, Active | Oct 21, 2019 | - | 205 (As on Dec 31, 2023) | - |
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Lessen's funding and investors
Lessen has raised a total funding of $705M over 4 rounds. Its first funding round was on Jun 24, 2021. Lessen has 13 institutional investors.
Here is the list of recent funding rounds of Lessen:
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Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jan 13, 2023 | Undisclosed | Conventional Debt | - | - | - | - |
Jan 13, 2023 | $500M | Series C | - | - | - | |
Nov 30, 2021 | $170M | Series B | $1B | - |
View details of Lessen's funding rounds and investors
Lessen's founders and board of directors
Founder? Claim ProfileThe founders of Lessen is Jay M McKee. Jay M McKee is the CEO of Lessen.
Here are the details of Lessen's key team members:
- Jay M McKee: Founder & CEO of Lessen and founder of 1 other company. They serve on the board of 1 company.
Lessen's Board of Directors
Lessen's board has 4 active members. Fred Tuomi, Gregor Watson, Jay M McKee and Dan Wenhold are independent board members.Here is the list of Lessen's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Independent board member | - | Current | 4y 1m | |
Independent board member | - | Current | 4y 1m | |
Independent board member | - | Current | 4y 1m | |
Independent board member | - | Current | 4y 1m |
View details of Lessen's Founder profiles and Board Members
Lessen's employee count trend
Lessen has 1,036 employees as of Jun 26. Here is Lessen's employee count trend over the years:
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Lessen's Competitors and alternates
Top competitors of Lessen include Thumbtack, Houzz and Infinx. Here is the list of Top 10 competitors of Lessen, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Thumbtack 2008, San Francisco (United States), Series H | App based platform to connect users with local service professionals | $699M | 83/100 | |
2nd | Houzz 2009, Palo Alto (United States), Series E | Platform for home design, decorating, and renovation | $614M | 73/100 | |
3rd | Infinx 2010, Spring (United States), Series D | Provider of platform for revenue cycle management | $186M | 69/100 | |
4th | Arcadia 2014, Washington, DC (United States), Series D | Provider of clean energy data platform and solutions for businesses. It offers end-to-end energy management solutions, streamlining data and processes for enterprises and energy innovators. Services include utility bill management, energy procurement advisory, and sustainability reporting. The platform supports various use cases for energy service providers, such as optimizing solar and storage solutions, EV charging, energy management, and property management. It helps clients lower utility costs, achieve sustainability goals, and improve energy efficiency. | $566M | 66/100 | |
5th | R1 RCM 2003, Chicago (United States), Acquired | Provider of AI-driven solutions for healthcare revenue cycle management and operations | - | 66/100 | |
6th | GridX 2010, Walnut Creek (United States), Series C | Cloud-based platform offering meter billing solutions | $68.2M | 66/100 | |
7th | Breezeway 2015, Boston (United States), Series B | SaaS-driven inspection management software for property and facility managers | $36.2M | 65/100 | |
8th | Provider of cloud-enabled property automation and access control solutions | $40.7M | 64/100 | ||
9th | Leapfin 2015, San Mateo (United States), Acquired | Cloud-based revenue analytics & management solutions for businesses | $26.7M | 63/100 | |
10th | Janus AI 2020, Chicago (United States), Series B | AI and SaaS-based revenue cycle management tool for healthcare providers | $64M | 62/100 | |
28th | Lessen 2019, Scottsdale (United States), Series C | Provider of property maintenance and improvement solutions for commercial and residential | $705M | 54/100 |
Looking for more details on Lessen's competitors? Click here to see the top ones
Lessen's Investments and acquisitions
Lessen has acquired 3 companies including Blue Skyre IBE, SMS Assist and EPM Build. Lessen has not made any investments as of now.Here is the list of its acquisitions:
Date of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Apr 18, 2023 | Acquisition | 2020 | Chicago (United States) | |
Jan 12, 2023 | Acquisition | 2003 | Chicago (United States) | |
Apr 19, 2022 | Acquisition | 2013 | Nashville (United States) |
See all acquisitions by Lessen
Reports related to Lessen
Here is the latest report on Lessen's sector:
News related to Lessen
Media has covered Lessen for a total of 2 events in the last 1 year, 1 of them has been about partnerships and 1 about people movement.
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Lessen Integrates with HappyCo to Optimize Multifamily Property Operations and Service ExecutionBusiness Wire•May 20, 2026•Lessen, Happy
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Lessen Appoints Chris Lyman as Executive Vice President of Commercial Sales and Key AccountsBusiness Wire•Nov 10, 2025•Lessen, Salesforce
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Lessen Announces Integration with RealPage to Simplify Multifamily Property OperationsBusiness Wire•Mar 10, 2025•Lessen
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RentRedi Partners with Lessen to Offer Best-in-Class Maintenance Coordination to Landlords and TenantsGlobeNewswire•Dec 04, 2024•RentRedi, Lessen
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Lessen Launches Digital FM+℠ to Reduce Risk, Centralize Facility Management OperationsBusiness Wire•Dec 03, 2024•Lessen
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Lessen Unveils Lessen360™, the Next-Generation Solution for Centralized Multifamily MaintenanceBusiness Wire•Oct 15, 2024•Lessen
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Lessen Expands Leadership Team, Appoints Sean Miller As Chief Revenue OfficerBusiness Wire•Sep 12, 2024•Lessen
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