# Leap Services

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/leap-services

- Industry: Retail
- Headquarters: Chicago, US
- Website: www.leapinc.com
- Total disclosed funding: $66M
- Latest round: Series C (Oct 19, 2023)
- Investors on record: 10

## About

Leap Services, Inc., based in the US, specializes in providing a robust platform for launching and managing retail spaces tailored to modern brands, enhancing customer engagement and operational efficiency.Founded in 2018 in Chicago, US, Leap Services, Inc. operates a network of retail spaces aimed at enhancing brand visibility and customer interaction. The company has conducted 8 deals as of October 2023, with its latest funding round being Series C, raising USD 7.272 mn from investors including DNX Ventures and Tribeca Venture Partners, bringing total funds raised to USD 7.272 mn and a current valuation of USD 123.424 mn. The founders, Amish Tolia and Vincent Ehly, have set a solid foundation for the company's growth in the retail sector.Leap Inc. offers a comprehensive platform designed to facilitate the launch and operation of insight-driven retail stores for modern brands. Their core product encompasses over 115 leased retail spaces strategically located in high-visibility markets across the United States. This platform enables brands to engage customers through immersive retail experiences, thereby enhancing customer lifetime value and driving repeat business. Leap's services extend beyond space leasing to include lease and operations management, allowing brands to focus on their core competencies while benefiting from streamlined operations powered by extensive data analytics. Their client base includes high-growth brands across diverse industries, addressing challenges related to physical retail presence, customer acquisition, and operational efficiency.Leap Inc. generates revenue through a structured partnership model that emphasizes collaboration with brands seeking to expand their retail footprint without the risks of traditional leasing. This model typically involves brands utilizing Leap’s retail spaces while benefiting from comprehensive management services. Financial arrangements include fee-based structures tied to the lease of retail space, where brands pay for their use of the premises and associated services. Additionally, tailored operational support enhances the retail experience, fostering an environment conducive to increasing sales and customer engagement. The financial arrangements are designed to be scalable, reflecting the growth of the brands they support while minimizing operational costs for clients.In October 2023, Leap Services, Inc. raised USD 7.27 mn in Series C funding, co-led by new investors Tribeca Venture Partners and DNX Ventures. The company plans to utilize the funding to accelerate growth, enhance operations and technology, onboard premium brands, and expand its store network across various markets. Specific geographic regions targeted for expansion have yet to be detailed, but the funding will support initiatives aimed at strengthening their market presence.

## Funding rounds

- Series C, Oct 19, 2023, $7.3M — Tribeca Venture Partners, DNX Ventures
- Series C, May 23, 2023, $15M — Hyde Park Venture Partners, Costanoa Ventures, Equal Ventures, BAM Elevate
- Series B, Dec 20, 2021, $40M — Simon Media Properties, LLC, Hyde Park Venture Partners, Costanoa Ventures, Northern Trust Company Pension Plan, Harbor Spring Capital, Equal Ventures, BAM Elevate
- Seed, Nov 1, 2018, $3M — Costanoa Ventures, Brand Foundry Ventures, Equal Ventures, Equal Ventures

## Investors

- Costanoa Ventures (https://capitalatlas.ai/funds/costanoa-ventures) — Seed, Series B, Series C
- Brand Foundry Ventures (https://capitalatlas.ai/funds/brand-foundry-ventures) — Seed
- Equal Ventures (https://capitalatlas.ai/funds/equal-ventures) — Seed, Series B, Series C
- Simon Media Properties, LLC — Series B
- Hyde Park Venture Partners (https://capitalatlas.ai/funds/hyde-park-venture-partners) — Series B, Series C
- Northern Trust Company Pension Plan — Series B
- Harbor Spring Capital — Series B
- BAM Elevate (https://capitalatlas.ai/funds/bam-elevate) — Series B, Series C
- Tribeca Venture Partners (https://capitalatlas.ai/funds/tribeca-venture-partners) — Series C
- DNX Ventures (https://capitalatlas.ai/funds/dnx-ventures) — Series C