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Lessen Funding Rounds and Valuation

Funding History Chart

Funding Round Details

	Funding Date	Share Class	Amount Raised	Price per Share	Post-Money Valuation	Key Investors
	01/12/2023	Series C	$399.28MM	$xx.xx	$2.17B	Invitation Homes, Monroe Capital
Price per Share $xx.xx Shares Outstanding 30,841,625 Liquidation Pref Order 1 Liquidation Pref As Multiplier 1.0x Conversion Ratio 1.0x Dividend Rate 0.0% Cumulative Non-cumulative Participating Non-participating Participation Cap -- Key Investors Invitation Homes, Monroe Capital
	04/19/2022	Series B	$181.08MM	$xx.xx	$1.12B	Fifth Wall, General Catalyst, Khosla Ventures, Navitas Capital
Price per Share $xx.xx Shares Outstanding 18,974,239 Liquidation Pref Order 1 Liquidation Pref As Multiplier 1.0x Conversion Ratio 1.0x Dividend Rate 0.0% Cumulative Non-cumulative Participating Non-participating Participation Cap -- Key Investors Fifth Wall, General Catalyst, Khosla Ventures, Navitas Capital
	06/24/2021	Series A	$10.23MM	$xx.xx	$143.82MM	Fifth Wall, General Catalyst, Khosla Ventures, Navitas Capital
Price per Share $xx.xx Shares Outstanding 6,775,488 Liquidation Pref Order 1 Liquidation Pref As Multiplier 1.0x Conversion Ratio 1.0x Dividend Rate 0.0% Cumulative Non-cumulative Participating Non-participating Participation Cap -- Key Investors Fifth Wall, General Catalyst, Khosla Ventures, Navitas Capital
	06/24/2021	Series A-1	$12.11MM	$xx.xx	$143.82MM	Fifth Wall, General Catalyst, Khosla Ventures, Navitas Capital
Price per Share $xx.xx Shares Outstanding 23,439,780 Liquidation Pref Order 1 Liquidation Pref As Multiplier 1.0x Conversion Ratio 1.0x Dividend Rate 0.0% Cumulative Non-cumulative Participating Non-participating Participation Cap -- Key Investors Fifth Wall, General Catalyst, Khosla Ventures, Navitas Capital
	10/22/2019	Series Seed	$1.6MM	$xx.xx	$22.96MM	General Catalyst, Khosla Ventures, Navitas Capital
Price per Share $xx.xx Shares Outstanding 10,262,961 Liquidation Pref Order 1 Liquidation Pref As Multiplier 1.0x Conversion Ratio 1.0x Dividend Rate 0.0% Cumulative Non-cumulative Participating Non-participating Participation Cap -- Key Investors General Catalyst, Khosla Ventures, Navitas Capital
	10/22/2019	Series Seed-2	$3.7MM	$xx.xx	$22.96MM	General Catalyst, Khosla Ventures, Navitas Capital
Price per Share $xx.xx Shares Outstanding 11,908,578 Liquidation Pref Order 1 Liquidation Pref As Multiplier 1.0x Conversion Ratio 1.0x Dividend Rate 0.0% Cumulative Non-cumulative Participating Non-participating Participation Cap -- Key Investors General Catalyst, Khosla Ventures, Navitas Capital

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Leadership & Board

Leadership

Jay McKee

Co-Founder & Chief Executive Officer

Sloan Swanson

Chief Business Officer

Chris Bee

Chief Technology Officer

Arvind Bobra

Chief Financial Officer

Michael Krumwiede

Chief Strategy Officer

Justin Iannacone

Chief Process & Innovation Officer

Jianqing Zhao

Chief Technology Officer

Gregor Watson

Co-Founder & Board Member

Board

Dan Wenhold

Fifth Wall

Lessen stock FAQs

Can you buy Lessen stock?

As Lessen is not publicly traded, purchasing its stock is not available to everyone. To buy the stock of a private companies like Lessen, you must be an accredited investor. If you meet the accreditation criteria, you can register for Forge’s Secondary Marketplace to buy private market stock. If you are not accredited, find out how to begin the process and qualify for new investment opportunities.

How to buy Lessen stock?

To invest in a private company like Lessen through Forge, you must first qualify as an accredited investor. (Learn more about the accreditation process.)

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Can you sell Lessen stock?

Yes, you may sell the Lessen stock you currently own. Forge can help you facilitate the sale of your stock in a manner that aligns with your needs and the company’s interests. If you are looking for liquidity, register with us today to begin the process. A dedicated Forge Private Market Specialist will be available to address any questions you may have along the way.

How to sell Lessen stock?

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Is Lessen a public company?

No, Lessen is a privately held company and is currently not publicly traded on any stock markets including NYSE or NASDAQ.

What is Lessen’s stock price?

Lessen is a privately held company and therefore does not have a public stock price. However, you may access Lessen private market stock price with Forge Data.

What is Lessen’s stock ticker symbol?

Lessen does not have an official ticker symbol because this company is not currently publicly traded.

Can institutional investors buy and sell private market stocks?

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Lessen News and Media Highlights

Marketing Brew 10/27/2023

Losses lessen at Peacock as subscriber count reaches 28 million

Peacock, NBCUniversal's streaming service, has seen its subscriber base increase to 28 million, a YoY increase of 80%. Despite this, ad revenue at NBCUniversal is still down, owing to economic uncertainty. The streaming service's losses have decreased by 8% YoY, and the company anticipates total losses for Peacock to be around $2.8 billion this year.

The Information 09/26/2023

How Microsoft is Trying to Lessen Its Addiction to OpenAI as AI Costs Soar

Microsoft is working to reduce its dependency on OpenAI as AI operation costs rise. The tech giant has directed its researchers to develop cost-effective conversational AI, which could be incorporated into its existing products. This move is part of Microsoft's goal to integrate artificial intelligence into its software.

Modern Retail 09/20/2023

Startups are using sampling programs to alleviate the cost of returns

Startups are using product sampling to lower the cost of returns, with fragrance brand Snif's sample program resulting in a 12.5% overall return rate. Other companies, including men's skincare brand Lumin and pet food company Petaluma, have implemented similar strategies to reduce the cost of returns and attract new customers. Sampling programs allow customers to try products before committing to a full purchase, helping to manage consumer expectations and reduce the likelihood of returns.

Business Wire 04/18/2023

Lessen Acquires Global Facilities Management Provider Blue Skyre IBE

Lessen, the premier tech-enabled, end-to-end solution for outsourced real estate property services, announced today a strategic acquisition of Blue Skyre IBE, a global facilities management solutions provider.

Last Funding Round
Flip	--	$xx.xx	Series C-1	$1.26B	$xx.xx	$132.52MM
Gymshark	--	$xx.xx	--	--	--	--
Kajabi	--	$xx.xx	--	--	--	--
Olipop	$28.50	$xx.xx	Series B-1	$198.81MM	$xx.xx	$30MM
Poppi	--	$xx.xx	--	--	--	--
SeatGeek	--	$xx.xx	Series E	$1.24B	$xx.xx	$238MM
Unicoin	--	$xx.xx	--	--	--	--
Vinted	--	$xx.xx	--	--	--	--
Whatnot	--	$xx.xx	Series D	$3.7B	$xx.xx	$260MM
Zepto	--	$xx.xx	--	--	--	--

Updated on: Dec 17, 2024

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Updated on: Dec 17, 2024

PLEASE READ THESE IMPORTANT LEGAL NOTICES & DISCLOSURES

Forge Price™ is a custom data-point calculated and disseminated by Forge Data LLC (“Forge Data”) and is a mark of Forge Data. Forge Price may rely on a very limited number of inputs in its calculation. Forge Price is prepared and disseminated solely for informational purposes. Redistribution is permitted solely with Forge’s written consent. While Forge has obtained information from sources it believes to be reliable, Forge does not perform an audit or undertake any duty of due diligence or independent verification of any information it receives. Forge does not guarantee the accuracy, completeness, timeliness, or availability of Forge Price, and are not responsible for any errors or omissions, regardless of the cause, or any results obtained from the use of Forge Price. Forge Price is derived from secondary activity on the Forge platform and other private market trading platforms, and other publicly-available datapoints collected by Forge. Forge Price is not intended to, and does not necessarily, represent the market price of any securities (I.e., the price at which you could buy or sell such securities). Neither reference to company names, nor calculation of Forge Price for a specific company, implies any affiliation between Forge and that company, any endorsement or sponsorship by Forge of any company or vice versa, or any partnership, joint venture or other commercial relationship between Forge and any company. Rights with respect to any company marks referred to herein are owned by the company.
The Last Closed Trade price displayed reflects the price at which the last trade in this company's security occurred on Forge, and can include secondary trades in any class of the company's security, or trades in units of funds holding the company's securities (the economics of which differ versus direct company ownership). The date displayed reflects the date on which the last trade in this company's security closed on Forge. This may be several weeks after the terms of the trade were agreed upon between the buyer and seller. In case of multiple trades closed on the same date, the price displayed is of either (i) the trade which terms were agreed upon most recently; or (ii) the trade with the higher notional value.
Post-Money Valuation represents the estimated valuation based on company-submitted Certificates of Incorporations (COIs).
Last Known Valuation represents a valuation gathered from non-COI, publicly available sources including company press releases or multiple concurring news articles.

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Lessen Funding Rounds and Valuation

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