Tech

Real estate services platform eases new Seattle office opening as it raises $170 million in fresh funding


Lessen CEO Jay McKee. (Photo reduced)

Decrease, a company based in Scottsdale, Ariz. operates a marketplace platform for real estate services, is growing in Seattle as it prepares to open a new downtown office.

The company already employs about 30 people in Seattle and is looking to at least double that number by 2022. Leases are being finalized for a space at 2nd Avenue and Columbia Street near Pioneer Square. .

Valued at more than $1 billion, Lessen announced Tuesday that it has raised $170 million in a Series B funding round. The company has raised $214 million to date.

“This funding round gives us the rocket fuel we need to continue to scale our business in so many ways,” said Jay McKee, founder and CEO. “We are being recognized as the only company that is providing the implementation of technology support services in a way that specifically targets our customer needs.”

Lessen provides end-to-end solutions in the real estate industry by connecting property owners with service professionals. Its technology replaces manual spreadsheets and processes with centralized workflow and project management, integrated dashboards, billing, and analytics.

Lessen’s platform has more than 2,000 service providers, across more than 30 markets.

The Seattle office is primarily a product engineering location, with a number of executive, marketing, and analytical roles.

Lessen employs a total of 450 people with plans to double that number across its entire headquarters in Arizona and offices in Tampa and Miami, as well as field operations across the US.





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