Leasecake closes its $10M/£7.68M Series A extension
Leasecake, an industry leader in lease and location management solutions tailored for multi-unit operators, announces that EMERGING, the leading growth equity fund for restaurant-entertainment concepts and restaurant technology, has joined as a key strategic investor, successfully closing Leasecake’s $10m/£7.68M Series A extension.
Leasecake’s platform provides peace of mind by centralizing all location-related information across an entire real estate portfolio. Leasecake protects customers from missing critical lease renewal dates, contract deadlines, permit and warranty expirations, or other important location-related details, making it the go-to solution for multi-unit operators seeking to streamline their operations and reduce risk across their real estate portfolio.
“Even the most sophisticated restaurant operators are exposed to significant financial and operational risks when they rely on outdated back-office real estate practices,” said Taj Adhav, Founder of Leasecake. “EMERGING’s expertise in the restaurant industry makes them the perfect partner for us, and their investment highlights why major private equity firms and leading restaurant brands rely on Leasecake to mitigate risk and fuel brand growth.”
The capital will be instrumental in helping Leasecake continue its growth and expansion, particularly through further strengthening its advanced location management tools, including Cakebot, Leasecake’s powerful AI technology. Cakebot offers operators an efficient and affordable solution to quickly locate and highlight crucial details within lease documents or amendments, modify existing leases, and effortlessly navigate lengthy contracts.
“As restaurants scale, they often overlook key dates—like lease renewal options or tenant improvement deadlines—until it’s too late, potentially costing them hundreds of thousands in rent or even jeopardizing their locations,” said Mathew Focht, CEO of The EMERGING Fund. “Beyond real estate, we’ve seen operators miss permit deadlines, liquor license expirations, and cancellation clauses in vendor contracts, all of which pose significant risks. Leasecake offers peace of mind, allowing operators to stay ahead of these issues and focus on scaling their businesses.”
Leasecake is the preferred real estate and location management platform used by global restaurant brands including Jersey Mike’s, Tropical Smoothie Café, Dave’s Hot Chicken, and Lettuce Entertain You. With a shared vision to help restaurants grow faster, this partnership will enable Leasecake to continue to innovate and expand its product offerings for this industry.
This investment solidifies Leasecake’s position as a critical tool for franchise operators, real estate managers, and financial decision-makers within the restaurant industry.
Leasecake is the premier real estate and location management platform built to help multi-unit operators manage their locations more efficiently and decrease risk in their portfolio. Leading brands like Jersey Mike’s, Tropical Smoothie Cafe, and Dave’s Hot Chicken trust Leasecake to help them manage leases, locations, contracts, permits and assets, without the risk of missing an important date or renewal.
With innovative AI tools like Cakebot, Leasecake empowers users to make informed decisions and stay ahead in the competitive real estate market, so they can focus on what really matters: growing their business. To learn more please use this LINK.
EMERGING Fund is a growth capital fund at the forefront of the technology-driven transformation in the restaurant and entertainment sector. Committed to reshaping the industry, it provides capital, strategic assistance, and industry knowledge to innovative companies. With a focus on leveraging technology for positive change, it invests in ventures that reimagine the guest experience, emhance operational efficiency, and promote sustainability.
Andrew Stanton Founder & Editor of 'PROPTECH-X' where his insights, connections, analysis and commentary on proptech and real estate are based on writing 1.3M words annually. Plus meeting 1,000 Proptech founders, critiquing 400 decks and having had 130 clients as CEO of 'PROPTECH-PR', a consultancy for Proptech founders seeking growth and exit strategies. He also acts as an advisory for major global real estate companies on sales, acquisitions, market positioning & operations. With 100K followers & readers, he is the 'Proptech Realestate Influencer.'
