Lessen Closes $170M Series B Funding

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Summary

Lessen, a Scottsdale, Ariz.-based marketplace platform that unites property owners and service professionals to deliver property services, 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. Led by Jay McKee, Founder and CEO, Lessen provides a real estate marketplace platform that unites property owners and service professionals to deliver property services. It connects property owners to a nationwide network of vetted professionals for renovation, maintenance, cleaning, and turn services, delivering property services at scale.

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