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

From Restaurant Tech to Proptech: The Evolution of AI-Powered Management

Former Nory AI executives Mohan Sai and Jakub Rajek have successfully pivoted from revolutionizing restaurant management to transforming property management with their new venture, Lette AI. The Dublin-based startup has secured $1.4 million in pre-seed funding to deploy what they’re calling “one of the first agentic AI operating systems” in the property sector. This significant funding round was led by Pitchdrive, with participation from Baseline Venture and Lugus Capital, along with angel investors including Nory AI co-founder Conor Sheridan., according to industry analysis

From Restaurant Tech to Proptech: The Evolution of AI-Powered Management
The Property Management Problem: Beyond Glorified Spreadsheets
Rapid Traction and Impressive Early Adoption
Strategic Expansion and Ambitious Growth Targets
Investor Confidence in AI-Driven Property Revolution
The Future of Property Management: Agentic AI Systems

The Property Management Problem: Beyond Glorified Spreadsheets

According to Lette AI CEO Mohan Sai, the fundamental issue with current property management systems is their primitive nature. “The problem with property management today is that most systems are just glorified spreadsheets,” Sai explained. “They make the job slower, more repetitive and inefficient.” This insight comes from the founders’ previous experience at Nory AI, where they successfully automated administrative tasks for restaurants, saving operators approximately 100 hours monthly.

Lette AI applies similar AI principles to property management, targeting high-volume workflows including leasing, renewals, maintenance coordination, and tenant engagement. The platform claims to reduce administrative tasks by up to 90% while doubling productivity and enhancing net operating income for property owners., according to further reading

Rapid Traction and Impressive Early Adoption

Despite being founded only in March 2025, Lette AI has already achieved remarkable market penetration. The company currently serves three of Ireland’s four largest landlords and manages over 5,000 properties across the UK and Ireland. Notable clients include Grayling Properties, Storyhouse by Ardstone, Hali, Liberties House, and Rathmines House.

The platform’s demonstrated impact has already propelled the company to a “multimillion-dollar” valuation, according to company statements. This rapid growth underscores the significant demand for AI-driven solutions in the property management sector., as earlier coverage

Strategic Expansion and Ambitious Growth Targets

With the new funding, Lette AI plans to execute an aggressive growth strategy focused on three key areas:

Team Expansion: Growing their product engineering team and recently appointing industry veteran Jon Hammon as head of growth
Geographic Expansion: Strengthening their Irish presence while expanding into the UK and United Arab Emirates markets
Platform Enhancement: Advancing proprietary AI capabilities and rolling out autonomous AI agents across leasing, operations, and resident engagement

The company has set ambitious targets of managing 25,000 properties on its platform by March 2026 and generating $1.1 million in annual recurring revenue.

Investor Confidence in AI-Driven Property Revolution

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

Peter Horgan, managing director at Lugus Capital, which evolved from being an early adopter to an investor, commented on the platform’s customer-centric approach. “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.”

The Future of Property Management: Agentic AI Systems

Lette AI represents the next wave of proptech innovation, moving beyond simple automation to what the company describes as “agentic AI operating systems.” These systems are designed to handle complex tasks that directly impact margins, protect asset value, and enhance tenant satisfaction.

“By bringing ground teams, residents, and investors together in one place,” Sai emphasized, “we aim to make operations smoother, service more personal, and portfolios more successful.” This integrated approach positions Lette AI at the forefront of the digital transformation sweeping through the global property management industry.

The success of Lette AI’s funding round and its rapid market adoption signal a growing recognition among property professionals that AI-driven solutions are no longer optional but essential for remaining competitive in an increasingly digital real estate landscape.