Lette AI Raises $1.4M Pre-Seed to Tackle Outdated Property Management

At Pitchdrive, we back founders who turn broken industries into scalable systems.

We love the friction, the inefficiencies, the “still-running-on-Excel” sectors — because that’s where AI can unlock exponential impact.

And few industries fit that description better than property management.

That’s why we’re proud to lead the $1.4M pre-seed round in Lette AI — a Dublin-based startup building the agentic AI operating system for modern property teams. Joining us in this round are Baseline Venture, Lugus Capital, and seasoned angels Mark Ransford and Conor Sheridan from Nory AI.

The world’s biggest asset class still runs on spreadsheets

Behind the sleek facades and multi-million-euro assets, property operations are still painfully manual.

Leases tracked in Excel. Tenant requests buried in inboxes. Maintenance updates scribbled on PDFs.

It’s an industry worth over $200 billion globally, yet most of it still depends on human follow-ups and disconnected systems.

That’s the bottleneck Lette AI is here to remove.

Lette AI is building an agentic layer that connects the dots — automating leasing, renewals, maintenance coordination, and tenant engagement.

Its AI agents don’t just summarize data; they act. They respond to requests, generate reports, update systems, and make decisions that used to require human intervention.

For property teams, that means 90% less admin, 100+ hours saved every month, and higher NOI across the board.

The team rewriting the rulebook

Founders Mohan Sai and Jakub Rajek know this playbook inside out.

They were part of the founding team at Nory AI, the restaurant operations platform that just raised a $37M Series B.

At Nory, they saw firsthand how AI could transform complex, high-volume, customer-facing operations. With Lette, they’re applying that same model to property — an industry that’s even larger, slower, and more fragmented.

Within just two months of launch, Lette is already managing 5,000+ properties, working with top Irish players like Grayling Properties, Storyhouse by Ardstone, Hali, Rathmines House, and Lugus Capital.

That kind of early traction doesn’t happen by chance — it’s the result of a team that knows how to ship fast, listen to operators, and deliver ROI from day one.

Why we led the round

At Pitchdrive, we invest in early teams who combine speed, clarity, and conviction.

Lette hit all three from the first call.

Our decision to lead the round came down to three things:

1. A massive, broken market – Property management remains one of the least digitized global industries. The opportunity to build the “operating system for buildings” is wide open.
2. A proven, high-execution founding team – Mohan and Jakub have the Nory DNA: fast cycles, deep domain insight, and a bias for measurable outcomes.
3. A clear AI wedge with economic impact – Lette doesn’t sell efficiency theatre; it delivers bottom-line results. By embedding AI directly into operational workflows, it’s driving real NOI growth for owners and investors.

This is exactly the kind of founder-led transformation we love to back at Pitchdrive.” - Koen Christiaens, Founding Partner at Pitchdrive

What’s next

With this raise, Lette will expand its footprint across Ireland, the UK, and the UAE, scaling to 25,000 properties and $1.1M ARR by March 2026.

But more than that, they’re building the infrastructure for a new era of real estate — one where operations are intelligent, connected, and self-optimizing.

We see Lette AI as a category-defining company in the making.

It’s not just improving property management — it’s rearchitecting how the world’s most valuable asset class operates.

‍

‍