Expenditure envisioned to more speed up Leap’s advancement by increasing the company’s element established by development and strategic acquisitions, enabling Leap to serve added dwelling enhancement verticals
SAN FRANCISCO, Dec. 14, 2021 /PRNewswire/ — Nexa Equity LLC, a personal fairness company centered on scaling decreased middle sector application and fintech companies, announced that it has designed a greater part expansion financial investment in Leap, a foremost service provider of residence contractor product sales enablement software. Leap’s administration staff and founders will keep on to be meaningful shareholders. Fiscal terms of the transaction have been not disclosed.
Leap is a objective-developed, on-desire computer software item made by seasoned home advancement specialists that permits contractors to give product sales bids to probable clientele on the place. The house transforming and renovations market has found important growth in the previous couple yrs, and Leap is uniquely positioned to deliver even further efficiency and transparency to contractors and their customers. Leap digitizes each individual stage of the in-home product sales procedure, such as estimating, financing, contracting, and actual-time communication. Leap’s proprietary application can help household contractors get rid of glitches, enhance profit margins and present professionally through the sales approach. The firm serves much more than 700 home contracting firms, processing far more than $4B of estimates and funding about $1B of financial loan quantity every year.
“Leap is automating an industry that has customarily relied on guide processes, estimates from memory, and spreadsheets,” explained Vlad Besprozvany, Founder and Controlling Spouse at Nexa Fairness. “Property contractors can make use of Leap’s application to simplify their work and shut bids quicker. The founding team’s deep expertise in the dwelling contractor space has enabled them to establish out best-in-class features with solid product-current market fit, when driving important consumer development and revenue.”
“Leap’s application enhances current home contractor profits processes and drives tangible ROI for its prospects,” added Joey Maloney, a Principal at Nexa Equity. “We’re thrilled to associate with the Leap group to even further expand what they’ve built.”
Leap ideas to make the most of the expense from Nexa Fairness to acquire new items, speed up go-to-current market efforts, and even further aid their loyal client foundation. Leap and Nexa Fairness will companion closely to implement operational greatest practices, enter new marketplaces, and execute strategic acquisitions.
“We delight ourselves on terrific persons and society, and we needed to come across a associate with the similar values. It was a substantial priority of ours to perform with a companion that is very skilled in scaling program businesses and that shares a typical eyesight for continuing to grow Leap into the primary end-to-finish revenue enablement system for dwelling contractors,” stated Patrick Fingles, CEO and Founder of Leap. “Our partnership with the Nexa Equity team will accelerate the realization of this vision while continuing to innovate for our customers.”
Willkie Farr & Gallagher LLP and Kirkland & Ellis LLP served as legal counsel to Nexa Equity.
Vista Issue Advisors, a San Francisco-centered boutique investment financial institution, acted as the unique financial advisor to Leap.
About Nexa Equity
Nexa Equity is a San Francisco, California based private fairness firm that companions with founder-led, fast scaling SaaS and fintech corporations that address marketplaces underserved by technologies to produce enduring price for the advantage of its buyers and portfolio firms. The agency has more than $200 million in private fairness capital under administration and is targeted on continuing to increase its portfolio of businesses. The Nexa Equity crew provides considerable investing and operational practical experience to the table and can help administration teams professionalize and scale their organizations and generate extensive-phrase sustainable advancement. For much more facts, be sure to stop by www.nexaequity.com.
Leap is a Columbia, Maryland based mostly service provider of dwelling contractor revenue enablement software program. Leap assists digitize the in-household sales approach, which include estimating, funding, contracting, and authentic-time communication. Leap serves much more than 700 dwelling contracting companies. For a lot more data, make sure you pay a visit to https://leaptodigital.com/.
For Nexa Equity:
Nathaniel Garnick/Mark Semer
Gasthalter & Co
Resource Nexa Fairness LLC