Lessen Closes $170M Series B Funding
- Lessen, a Scottsdale, Ariz.-based marketplace platform, closed a $170m Series B funding round at a valuation of over $1 billion
- The round was led by Fifth Wall with participation from Khosla Ventures, General Catalyst and Navitas Capital
- Proceeds from the current investment will be used to fund new technology products, support new field operations teams and facilitate market expansion
- The company provides a real estate marketplace platform that unites property owners and service professionals to deliver property services
- The platform provides complete job workflow and outsourcing of property service projects, automating the management of the entire property services lifecycle
- It currently has more than 2,000 service providers, across 30+ markets. Lessen has 450+ employees with hiring plans for 1,000 more in 2022
