PeakSpan Capital is backing commercial real estate platform Leasecake, leading an oversubscribed Series A funding round for the proptech that raised a total of $12 million.

Winter Park, FL-based Leasecake allows tenants, brokers and landlords to manage location-related services, from lease management and lease accounting to insurance agreements and franchise operations.

Leasecake’s platform provides centralized access to lease and location information, integrating data from multiple sources to serve as a single source of truth for organizations on both sides of the market.

The shift to remote work during the pandemic has accelerated demand for enterprise location management technology. Leasecake’s revenue increased fivefold in 2021 compared to the previous year, with customers ranging from single-site operators to businesses managing more than 1,000 locations.