Last Leap valuation
$100M
Undisclosed stage · Jan 2025
Last Leap funding round
$20M
Undisclosed stage · Jan 2025
Cumulative funding Leap raised
$110M
across 6 funding rounds
Key investors in Leap
Costanoa Ventures
Equal Ventures
Hyde Park Venture Partners
Lightbank
BAM Elevate
DNX Ventures
About Leap
Leap is a New York City-headquartered platform that launches and manages physical retail stores for direct-to-consumer brands. It handles site selection, staffing, point-of-sale systems, and data analytics for pop-ups and permanent locations in high-traffic malls across the U.S. and Canada. Founded in 2018, Leap partners with apparel and beauty brands to test markets with minimal upfront capital.
Founded
2018
HQ
New York City, NYWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Services, Subscription
Valuation
$100M (Jan 2025)
Leap Valuation
Leap is currently valued at $100M, based on its undisclosed-stage round in January 2025.
The $20M round was led by DNX Ventures and Tribeca Venture Partners.
Leap valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jan 2025 | Undisclosed stage | $100M |
Leap Funding History
Leap has raised a total of $110M across 6 funding rounds.
Leap's first fundraising round was a $3M seed round in October 2018. The most recent completed round was a $20M undisclosed-stage round in January 2025.
Leap funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jan 2025 | Undisclosed stage | DNX Ventures (lead); Tribeca Venture Partners (lead) | $20M | $100M | Leap is a physical retail platform that enables brands to deploy branded stores powered by data, systems, and scale, working in concert with ecommerce at reduced cost and risk. The company operates over 100 stores across 12 Tier One U.S. markets for premium brands including Grown Brilliance, Ring Concierge, Godiva, and Malbon Golf. Leap announced a $20 million funding round on January 17, 2025, led by Tribeca Venture Partners and DNX Ventures, with participation from existing investors. Leap has powered stores for more than 100 brands since launch and continues onboarding new premium brands monthly. The company, headquartered in Chicago with operations bringing modern brands to local communities, also appointed Karen Katz, former president and CEO of Neiman Marcus Group, to its board. Leap demonstrates profitability as stated in its PR Newswire release, positioning it as one of the fastest-growing companies in the retail/ecommerce space. |
| May 2023 | Series A | BAM Elevate (lead); Costanoa Ventures (lead); Equal Ventures; Roman Smolevskiy; Hyde Park Ventures | $15M | - | Leap is a retail platform that launches and operates insight-driven retail stores for modern direct-to-consumer brands, enabling omnichannel presence with reduced risk and data-driven decisions. The platform powers physical stores across multiple markets, helping brands connect with high-value customers. In June 2023, Leap raised $15 million in a Series C funding round co-led by BAM Elevate and Costanoa Ventures, with participation from Equal Ventures, Hyde Park Ventures, and others including IU Ventures. The capital supports growth with existing and new brands, platform enhancements, and acceleration toward profitability. Since its $50 million Series B in January 2022, Leap more than doubled its network size and revenue, powering over 100 stores for more than 50 brands across 11 markets. Brands include Frankies Bikinis, M.M.LaFleur, Public Rec, Mack Weldon, ThirdLove, Brumate, Nisolo, True Classic, and Freedom Moses. |
| Dec 2021 | Series B | BAM Elevate (lead); Lightbank; Equal Ventures; Simon Property Group; Harbor Spring Capital; Northern Trust; 50 South Capital; Costanoa Ventures; Hyde Park Venture Partners; Irving Investors | $50M | - | Leap is a retail platform enabling modern e-commerce brands to rapidly deploy and scale physical stores with reduced risk, upfront costs, and lease liabilities using proprietary data, algorithms, and systems for site selection, operations, and merchandising. The company announced a $50 million Series B financing round on January 27, 2022, led by BAM Elevate, with participation from new and existing investors including Harbor Spring Capital, Northern Trust, Simon Property Group (referred to as Simon), Costanoa Ventures, Hyde Park Venture Partners, and Equal Ventures. The capital raise aims to accelerate growth through investments in Leap's technology platform and store location network. In 2021, Leap's store fleet quadrupled, and total system sales also quadrupled; by early 2022, over 30 brands utilized the platform to power more than 50 stores across eight markets including New York City, Chicago, Los Angeles, San Francisco, Scottsdale, Florida, and Texas. Leap supports a diverse range of categories from apparel, footwear, and accessories to jewelry, intimates, and home goods, partnering with brands like Naadam, Something Navy, ThirdLove, Mack Weldon, Lunya, Birdies, and Ring Concierge. Over 500 brands have registered with Leap, indicating strong interest in its omnichannel solutions amid rising supply chain and digital marketing costs. The platform works with retail landlords, developers, and brokers to build high-performing markets from neighborhoods to shopping centers. Leap positions itself to transform retail by helping DTC brands open stores in emerging cities based on data insights. |
| Aug 2021 | Series A | Costanoa Ventures (lead); Hyde Park Venture Partners (lead); Lightbank; Equal Ventures | $11M | - | - |
| Feb 2020 | Series A | - | $11M | - | - |
| Oct 2018 | Seed | Costanoa Ventures (lead); Brand Foundry Ventures; Equal Ventures; MGV | $3M | - | Leap is a Chicago-based retail-as-a-service platform that enables digital-native brands to launch and operate physical retail stores, handling leasing, staffing, design, tech integration, and operations. The company raised a $3 million seed round in late October 2018, led by Costanoa Ventures, with participation from Equal Ventures and Brand Foundry Ventures. This funding supported team expansion and new location development following the launch of its first store for sneaker brand Koio in Chicago's Lincoln Park. Leap simplifies brick-and-mortar expansion for direct-to-consumer brands by managing the full lifecycle of store operations as a single P&L line item, allowing brands to focus on core competencies like brand building and supply chain. The platform aims to leverage customer insights and logistics to boost engagement, traffic, and brand lift while reducing acquisition costs. |
Who has invested in Leap?
16 investors have backed Leap across its funding rounds, including Costanoa Ventures, Equal Ventures, Hyde Park Venture Partners, Lightbank, BAM Elevate and DNX Ventures.
Lead investors include DNX Ventures, Tribeca Venture Partners, BAM Elevate, Costanoa Ventures and Hyde Park Venture Partners.
Leap Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| New York City, NY | 4 | Participant | Oct 2018 | |
| San Francisco, CA | 4 | Lead | Oct 2018 | |
| Chicago, IL | 2 | Participant | Aug 2021 | |
| New York City, NY | 2 | Lead | Dec 2021 | |
| Chicago, IL | 2 | Lead | Aug 2021 | |
| Austin, TX | 1 | Participant | Oct 2018 | |
![](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 20 20"><rect fill="%23e5e7eb" width="20" height="20" rx="4"/></svg>){kind=small} Roman Smolevskiy | San Francisco, CA | 1 | Participant | May 2023 |
| United States | 1 | Participant | Dec 2021 | |
| Harbor Spring Capital | New York City, NY | 1 | Participant | Dec 2021 |
| San Francisco, CA | 1 | Lead | Jan 2025 | |
| New York City, NY | 1 | Lead | Jan 2025 | |
| San Francisco, CA | 1 | Participant | Oct 2018 | |
| Boston, MA | 1 | Participant | May 2023 | |
This data is available for Pro users. Sign up to see all 16 Leap investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialLeap Competitors
Leap competitors include listed companies like SmartRent and Ming Yuan Cloud Group, and private ones like HappyCo, Placer.ai, Cambio and Cledor.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| San Francisco, CA | Private | - | - | $222M | - | |
| San Francisco, CA | Private | $100M | - | $1.5B | 15.0x | |
| Washington, DC | Private | - | $27M | $100M | - | |
 Dubai | Private | - | - | $100M | - | |
| United States | Publicly listed | $152M | ($56M) | $222M | 0.9x | |
 China | Publicly listed | $191M | ($7M) | $238M | - |
Leap Public Comps
Leap is still privately-owned, but its public comps include CCReB Advisors, Propdo, RESAAS, Urbanise, Wiseway Group, Latch, Aurum Proptech, Linkhome Holdings, EPX and Amido.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $16M | $4M | 8.8x | 3.1x | 35.0x | 18.7x | |||
| - | - | - | - | - | - | |||
| $633K | ($27K) | 59.9x | - | (1410.1x) | - | |||
| $9M | ($2M) | 3.6x | 3.2x | (18.1x) | - | |||
| $132M | $9M | 0.3x | - | 4.4x | - | |||
| $41M | ($155M) | 0.3x | - | (0.1x) | - | |||
| $40M | $11M | 4.7x | 3.3x | 16.9x | - | |||
| $21M | $158K | 0.7x | - | 99.0x | - | |||
This data is available for Pro users. Sign up to see all Leap competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Leap
| When was Leap founded? | Leap was founded in 2018. |
| Where is Leap headquartered? | Leap is headquartered in New York City, NY, United States. |
| Is Leap publicly listed? | No, Leap is a private, VC-backed company. |
| What is Leap's valuation? | Leap was last valued at $100M in its undisclosed-stage round in January 2025. |
| How much funding has Leap raised? | Leap has raised $110M across 6 funding rounds. |
| What was Leap's last funding round? | Leap's last funding round was a $20M undisclosed-stage round in January 2025, led by DNX Ventures and Tribeca Venture Partners. |
| Who are Leap's investors? | Leap's investors include Equal Ventures, Costanoa Ventures, Lightbank, BAM Elevate, Hyde Park Venture Partners, Brand Foundry Ventures, Roman Smolevskiy, Simon Property Group, Harbor Spring Capital, DNX Ventures and 6 others. |
| Which companies are comparable to Leap? | Companies comparable to Leap include HappyCo, Placer.ai, Cambio, Cledor, SmartRent and Ming Yuan Cloud Group. |
See companies similar to Leap
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.