Lette’s $6.5 million seed funding round is set to accelerate the use of artificial intelligence in residential property operations, giving landlords and facilities teams new tools to manage maintenance, resident services and building administration more efficiently. The European proptech company plans to use the investment to expand its UK operation and develop its platform for institutional rental operators, according to lead investor Peak.

The round also includes Heliad, Foreword VC, Pitchdrive and Adeline, alongside angel investment from Intercom co-founder Des Traynor. Lette has opened a London office, grown its team sixfold over the past year and counts global real estate services company JLL among its customers. The funding will support recruitment across product, engineering and customer operations, with expansion into additional European markets planned for 2027. Heliad’s funding announcement also confirms the investment and expansion plans.

Founded by Mohan Sai and Jakub Rajek, Lette develops AI software for build-to-rent, private rented, student and single-family housing operators. Its platform works alongside existing property management systems, including Yardi and MRI, connecting leasing, resident communication and maintenance workflows without requiring operators to replace their core systems.

For facilities management teams, the most significant opportunity lies in maintenance coordination and resident support. Lette’s AI agents can manage requests from the initial report through to completed repairs, while updating information in the operator’s existing property management system. Residents can contact the platform through an app, email, WhatsApp, SMS and voice calls, giving property teams a connected way to manage service requests and keep residents informed.

The company says its technology operates across more than 30,000 residential units and automatically handles over 60% of resident support and maintenance requests. It also reports reducing the time to lease a home from two weeks to fewer than four days. One build-to-rent operator has added more than 1,000 homes without increasing headcount. These company-reported figures illustrate the potential of automation to support larger portfolios without placing the same administrative demands on operational teams.

The investment comes as rental operators in England adjust to the Renters’ Rights Act, which took effect in May 2026 and allows most private renters to end tenancies with two months’ notice. Responsive service, effective maintenance and consistent resident experiences are becoming increasingly important to occupancy and property performance.

For the sector, the lesson is direct: AI can strengthen residential facilities management by connecting maintenance, resident communication and property operations in one workflow, giving teams more time to focus on service quality while supporting the efficient management of growing portfolios.

Source: IT Brief UK / Peak / Heliad / GOV.UK