Lessen Named Fastest-Growing Private Software Company in the U.S. by Inc. Magazine

With a three-year revenue growth rate of more than 45,000%, Lessen secures #2 spot overall on prestigious Inc. 5000 list

August 15, 2024 03:56 PM Eastern Daylight Time

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NEW YORK--(BUSINESS WIRE)--Lessen today announced that it earned the #1 ranking in the software category — and the #2 spot overall — on the 2024 Inc. 5000, Inc.’s annual list of the fastest-growing private companies in America. The company also ranked as the fastest-growing company in Arizona. The prestigious ranking provides a data-driven look at the most successful companies within the economy’s most dynamic segment — its independent, entrepreneurial businesses. Microsoft, Meta, Chobani, Under Armour, Timberland, Oracle, Patagonia, and many other household-name brands gained their first national exposure as honorees on the Inc. 5000.

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"Over the years, we’ve had tremendous organic and strategic growth, and have expanded from an early focus on single-family rentals to become a critical technology for distributed commercial and multifamily portfolios across the country.”

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Lessen is a tech-enabled, end-to-end property services provider created to improve how commercial and residential real estate portfolios are delivered and managed at scale. To date, Lessen has partnered with hundreds of residential and commercial owners and occupiers, who collectively manage over one million locations, helping them eliminate friction, unlock value, and access a network of more than 30,000 qualified vendors.

“We launched Lessen with an understanding of the challenges inherent in distributed property operations, and a vision for how technology could address these challenges. To say that our thesis in creating the company has been proven would be an understatement,” said Lessen CEO Jay McKee. “Over the years, we’ve had tremendous organic and strategic growth, and have expanded from an early focus on single-family rentals to become a critical technology for distributed commercial and multifamily portfolios across the country.”

Added McKee: “With a best-in-class technology platform and incredible reach across the real estate industry, we’re just scratching the surface of our corporate potential. In the near term, we plan to roll out several new software products, expand our e-commerce marketplace, and increase our market penetration through industry partnerships. Being recognized by Inc. for our growth to date is a great honor — but what we’re really excited about is leveraging our market position to continue innovating, creating products and services that transform the way people interact with real estate for generations to come.”

The Inc. 5000 class of 2024 represents companies that have driven rapid revenue growth while navigating inflationary pressure, the rising costs of capital, and seemingly intractable hiring challenges. Among this year’s top 500 companies, the average median three-year revenue growth rate is 1,637 percent. In all, this year’s Inc. 5000 companies have added 874,458 jobs to the economy over the past three years.

For complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, location, and other criteria, go to www.inc.com/inc5000. All 5000 companies are featured on Inc.com, and the top 500 appear in the new issue of Inc. magazine, available on newsstands beginning Tuesday, Aug. 20.

“One of the greatest joys of my job is going through the Inc. 5000 list,” says Mike Hofman, who recently joined Inc. as editor-in-chief. “To see all of the intriguing and surprising ways that companies are transforming sectors, from health care and AI to apparel and pet food, is fascinating for me as a journalist and storyteller. Congratulations to this year’s honorees, as well, for growing their businesses fast despite the economic disruption we all faced over the past three years, from supply chain woes to inflation to changes in the workforce.”

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More about Inc., the Inc. 5000 and Lessen

Methodology

Companies on the 2024 Inc. 5000 are ranked according to percentage revenue growth from 2020 to 2023. To qualify, companies must have been founded and generating revenue by March 31, 2020. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2023. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2020 is $100,000; the minimum for 2023 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine company rankings were calculated to four decimal places.

About Inc.

Inc. Business Media is the leading multimedia brand for entrepreneurs. Through its journalism, Inc. aims to inform, educate, and elevate the profile of our community: the risk-takers, the innovators, and the ultra-driven go-getters who are creating our future. Inc.’s award-winning work achieves a monthly brand footprint of more than 40 million across a variety of channels, including events, print, digital, video, podcasts, newsletters, and social media. Its proprietary Inc. 5000 list, produced every year since its launch as the Inc. 100 in 1982, analyzes company data to rank the fastest-growing privately held businesses in the United States. The recognition that comes with inclusion on this and other prestigious Inc. lists, such as Female Founders and Power Partners, gives the founders of top businesses the opportunity to engage with an exclusive community of their peers, and credibility that helps them drive sales and recruit talent. For more information, visit www.inc.com.

For more information on the Inc. 5000 Conference & Gala, to be held from October 16 to 18 in Palm Desert, California, please visit http://conference.inc.com/.

About Lessen

Lessen was created to improve how real-estate portfolios are serviced across all asset classes and locations. The company leverages cutting-edge technology, including robust analytics and predictive capabilities, to help property and facility teams seamlessly manage distributed real estate portfolios. Lessen has partnered with residential and commercial owners and occupiers, who collectively manage over 1 million locations, to eliminate friction and unlock value, leveraging over 30,000 trusted vendors in over 100 markets across North America. The company is one of the largest real estate services players and proptech companies.

Lessen LLC is a venture-backed, privately held company with offices in Scottsdale and Chicago. To learn more, visit Lessen.com.