Leasecake Secures $10 Million in Series A Extension to Expand and Enhance Platform

Leasecake, a leading provider of lease and location management solutions for multi-unit operators, announced it has closed a $10 million Series A extension funding round. The round was led by PeakSpan Capital and Las Olas Venture Capital, with additional support from Silicon Valley Bank. This investment is aimed at reinforcing Leasecake's market leadership and accelerating its growth, particularly in simplifying and safeguarding complex real estate and location management for franchises and corporate entities.

Leasecake's AI-driven platform is designed to ease the operational challenges multi-unit operators face, such as lease and contractual obligations. According to CEO Scott Williamson, this technology not only mitigates stress but also supports client expansion. The funding will be used to refine Leasecake's offerings and cater to the growing demands of its expanding user base across the United States and Canada.

Phil Dur of PeakSpan Capital emphasized their continued support for Leasecake's vision to minimize operational risks through technology for restaurants and service-based retailers. Similarly, Nate Vasel of Las Olas Venture Capital expressed enthusiasm for its innovative platform that is becoming a standard in lease management for franchisees and franchisors. Leasecake's success is also reflected in its awards, including the Overall Lease Management Company of the Year at the 2023 PropTech Breakthrough Awards.