October 7, 2022

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Nexa Fairness Announces The vast majority Development Financial commitment in Leap, a Major Income Enablement System for Property Contractors

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Investment decision predicted to even further speed up Leap’s advancement by increasing the firm’s function established by growth and strategic acquisitions, enabling Leap to provide further house advancement verticals

SAN FRANCISCO, Dec. 14, 2021 /PRNewswire/ — Nexa Fairness LLC, a private equity agency centered on scaling reduced middle current market computer software and fintech organizations, declared that it has manufactured a the vast majority advancement investment decision in Leap, a leading supplier of household contractor product sales enablement software program. Leap’s management workforce and founders will proceed to be significant shareholders. Money conditions of the transaction had been not disclosed.

Leap is a purpose-crafted, on-demand from customers computer software product or service developed by seasoned property advancement professionals that enables contractors to provide sales bids to possible clients on the place. The property transforming and renovations marketplace has seen considerable expansion in the earlier few several years, and Leap is uniquely positioned to deliver even further effectiveness and transparency to contractors and their prospects. Leap digitizes every phase of the in-residence income process, which includes estimating, funding, contracting, and actual-time communication. Leap’s proprietary software aids household contractors get rid of glitches, maximize revenue margins and current skillfully through the profits process. The company serves far more than 700 household contracting enterprises, processing extra than $4B of estimates and funding about $1B of personal loan volume each year.

“Leap is automating an sector that has traditionally relied on handbook processes, estimates from memory, and spreadsheets,” claimed Vlad Besprozvany, Founder and Managing Spouse at Nexa Equity. “Dwelling contractors can utilize Leap’s software program to simplify their careers and shut bids quicker. The founding team’s deep know-how in the residence contractor house has enabled them to build out most effective-in-course options with strong products-industry match, when driving significant buyer development and earnings.”

“Leap’s application increases present home contractor profits procedures and drives tangible ROI for its prospects,” added Joey Maloney, a Principal at Nexa Fairness. “We are thrilled to partner with the Leap team to more develop what they’ve built.”

Leap ideas to use the investment decision from Nexa Fairness to build new goods, accelerate go-to-market place initiatives, and even further aid their faithful purchaser base. Leap and Nexa Equity will companion intently to put into action operational best methods, enter new marketplaces, and execute strategic acquisitions.

“We pleasure ourselves on wonderful men and women and culture, and we wanted to discover a spouse with the identical values. It was a substantial precedence of ours to operate with a spouse that is extremely knowledgeable in scaling application companies and that shares a frequent vision for continuing to grow Leap into the primary close-to-conclude income enablement platform for property contractors,” explained Patrick Fingles, CEO and Founder of Leap. “Our partnership with the Nexa Equity team will accelerate the realization of this vision even though continuing to innovate for our clients.”

Willkie Farr & Gallagher LLP and Kirkland & Ellis LLP served as lawful counsel to Nexa Equity.

Vista Stage Advisors, a San Francisco-based boutique financial investment financial institution, acted as the exclusive economical advisor to Leap.

About Nexa Fairness

Nexa Fairness is a San Francisco, California based personal fairness agency that associates with founder-led, fast scaling SaaS and fintech businesses that deal with markets underserved by technology to build enduring price for the advantage of its investors and portfolio firms. The organization has far more than $200 million in personal fairness cash under administration and is focused on continuing to expand its portfolio of providers. The Nexa Equity group provides sizeable investing and operational working experience to the desk and will help administration groups professionalize and scale their companies and drive prolonged-expression sustainable expansion. For much more details, please take a look at www.nexaequity.com.

About Leap

Leap is a Columbia, Maryland based mostly supplier of residence contractor gross sales enablement software. Leap can help digitize the in-dwelling product sales method, which include estimating, financing, contracting, and real-time interaction. Leap serves a lot more than 700 house contracting corporations. For extra details, remember to pay a visit to https://leaptodigital.com/.

For Nexa Fairness:
Nathaniel Garnick/Mark Semer
Gasthalter & Co
[email protected]
(212) 257-4170

For Leap:
Alex Gunderson
Padilla
[email protected]
(612) 598-6398

Cision

See first information:https://www.prnewswire.com/information-releases/nexa-equity-announces-vast majority-growth-investment-in-leap-a-foremost-income-enablement-system-for-residence-contractors-301443923.html

Source Nexa Equity LLC

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