Fifth Wall led a $35m Series A funding round in Lessen.

Fifth Wall, a venture capital firm, led a $35m Series A funding round in Lessen, a developer of a property services platform intended to manage real estate rental assets. Additional investors include 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. “We’re ecstatic about partnering with a team of world-class investors to build and grow the future of real estate property services. The industry is poised for a revolution in the way that property services are performed, delivered and managed at scale. Lessen is excited about building a platform that will enable service professionals to increase earnings and reduce stress, while allowing property owners to lower their costs and completely outsource property management concerns," Jay McKee, Lessen Founder and CEO.