Lette Raises $6.5 Mn in Seed Funding to Expand AI-Powered Property Management Platform in Europe

The funding round was led by Peak, with participation from Heliad, Foreword VC, Pitchdrive and Adeline. Several angel investors also joined the round, including Des Traynor, co-founder of Intercom.

Mohan Sai, co-founder and CEO of Lette, "highlighted the need for technology tailored to the operational requirements of residential property managers.Lette takes a home from first enquiry to signed lease and stays with the resident after move-in, working alongside the systems operators already have."

Lette was founded by Jakub Rajek and Mohan Sai. The company has developed an AI-powered platform for the rental housing sector in the UK and Ireland. It serves different types of property operators, including build-to-rent housing, private rentals, student accommodation and single-family homes.

The platform aims to solve common problems in residential property management. Many teams still use emails, spreadsheets and separate software tools to handle rental applications, communicate with residents and manage maintenance requests.

As property portfolios grow, managing these tasks becomes more difficult. Property operators often need to handle more work without hiring additional staff. This can slow down operations and make it harder to provide good service to residents.

Lette uses AI agents to automate tasks across the rental process, including tenant enquiries, leasing, resident support, maintenance, overdue rent and compliance. The platform also works with existing property management software, so operators can automate their workflows without replacing the systems they already use.

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