Lowenstein Sandler represented growth equity firm PeakSpan Capital in leading a $12 million oversubscribed Series A round for Leasecake, the cloud-based operating system for lease and location management.
Leasecake allows tenants, brokers and landlords to manage location-related services, from lease management and lease accounting to insurance agreements and franchise operations. Its platform provides centralized access to lease and location information, integrating data from multiple sources to serve as a single source of truth for organizations on both sides of the market.
The company plans to use the Series A funding to more than double its headcount over the next 18 months, create new platform offerings, and expand further into Europe and Latin America.
PeakSpan Capital is a Silicon Valley and New York City-based investment firm focused on growth-stage B2B software. Having partnered with over 30 high-growth software businesses and with more than $1.5 billion in assets under management, PeakSpan aims to be the partner of choice for growth-stage entrepreneurial teams building software targeted at business buyers of all sizes.