Lette AI Secures $1.4M to Revolutionize Property Management with Agentic AI Platform

From Restaurant Tech to Proptech: Founding Team’s New Venture

Former Nory AI executives Mohan Sai and Jakub Rajek have successfully pivoted from restaurant management technology to the property sector with their new startup Lette AI. The Dublin-based proptech company has secured $1.4 million in pre-seed funding just months after its March 2025 launch, demonstrating significant investor confidence in their AI-driven approach to property management.

Investment Backing and Strategic Support

The funding round was led by Pitchdrive, with participation from Baseline Venture and Lugus Capital. The startup has also attracted support from prominent angel investors, including Mark Ransford and Nory AI co-founder Conor Sheridan. This diverse investor base combines venture capital expertise with industry-specific knowledge, positioning Lette AI for strategic growth.

Boris Bogaert, managing partner at lead investor Pitchdrive, emphasized the platform’s transformative potential: “Lette AI is a game-changer in the $200 billion global property management market. Its pioneering AI agents slash onboarding times by over 50% through seamless automation of rentals, tenant screening, and communications, delivering immediate, measurable value.”

Revolutionizing Property Management Operations

Lette AI’s platform addresses fundamental inefficiencies in property management by deploying autonomous AI agents across critical workflows. The system specifically targets:, according to technological advances

• Leasing automation – Streamlining tenant acquisition and screening processes
• Maintenance coordination – Optimizing repair workflows and vendor management
• Tenant engagement – Enhancing communication and service delivery
• Renewal management – Automating contract renewals and negotiations

The company claims its platform reduces administrative tasks by up to 90% while doubling productivity and boosting net operating income for property owners.

Rapid Market Traction and Adoption

Despite being founded only months ago, Lette AI has already achieved remarkable market penetration. The platform is currently used by three of Ireland’s four largest landlords and manages over 5,000 properties across the UK and Ireland. Early adopters include prominent property management firms such as Grayling Properties, Storyhouse by Ardstone, Hali, Liberties House, and Rathmines House.

Peter Horgan, managing director at Lugus Capital, which evolved from customer to investor, commented: “Investors and residents expect a smarter, more responsive experience. As both a customer and an investor, we see Lette as a next-generation platform that’s answering that need.”, according to market trends

Strategic Growth Plans and Expansion Roadmap

With the new funding, Lette AI has outlined an ambitious growth strategy focusing on three key areas:

• Team expansion – Growing the product engineering team and appointing industry veteran Jon Hammon as head of growth
• Market development – Strengthening its Irish presence while expanding into the UK and United Arab Emirates markets
• Technology advancement – Enhancing proprietary AI capabilities and deploying autonomous AI agents across additional property management functions

The company aims to reach 25,000 properties on its platform by March 2026 while generating $1.1 million in annual recurring revenue., as related article

Transforming Property Management Paradigms

Mohan Sai, co-founder and CEO of Lette AI, articulated the company’s vision: “The problem with property management today is that most systems are just glorified spreadsheets. They make the job slower, more repetitive and inefficient. With this funding, we are launching one of the first agentic AI operating systems in the property sector that handles the real tasks that drive margins, protect asset value and keep tenants happy.”

The platform’s unique approach integrates ground teams, residents, and investors into a unified system, promising smoother operations, more personalized service, and enhanced portfolio performance. By applying lessons learned from their success with Nory AI in the restaurant sector, the founding team aims to bring similar efficiency gains to the property management industry.

This article aggregates information from publicly available sources. All trademarks and copyrights belong to their respective owners.

Note: Featured image is for illustrative purposes only and does not represent any specific product, service, or entity mentioned in this article.