Tampa tech commercial real estate firm raises $12M

Leasecake, a tech firm whose cloud-based operating system aims to transform lease and location management, has raised $12 million in an oversubscribed Series A funding round led by PeakSpan Capital, an investment firm focused on growth-stage B2B software companies. Existing investor Las Olas Venture Capital participated in the round, according to a news release, along with new strategic backers, including Branded Strategic Hospitality.

Headquartered at Tampa’s Embarc Collective, Leasecake, in the release, says it will 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. The company’s software-as-a-service platform can streamline a variety of commercial real estate operations, ranging from lease management and accounting to insurance agreements and franchise operations.