Lette Raises $6.5M Seed Round for UK Rental AI

Your daily brief on leadership and business

Lette, a company that builds AI software for residential property operators, has raised $6.5 million in seed funding. The money is meant to expand its operations in the UK and to support a planned move into other European countries.

Peak led the round, and Heliad, Foreword VC, Pitchdrive and Adeline joined it. Angel investors also took part, among them Intercom co-founder Des Traynor.

Jakub Rajek and Mohan Sai founded Lette. The company describes its product as an AI operating system for the rental housing sector in the UK and Ireland. It serves operators of build-to-rent, private rented, student accommodation and single-family housing.

The problem Lette targets

Residential property teams often manage leasing, resident communications and maintenance requests through emails, spreadsheets and software tools that do not connect to each other. As portfolios grow, operators come under pressure to handle those tasks without a matching rise in staff.

Lette's platform uses AI agents to automate work across the rental process. That covers first enquiries and leasing, resident support, maintenance, rent arrears and compliance. It runs alongside the property management software operators already have, so they can change their workflows without replacing current systems.

Residents can contact the system through an AI-powered app, email, WhatsApp, SMS or voice calls.

Replies come around the clock and in several languages.

For maintenance, it follows a request from the first report to the completed repair. It also identifies missed rent payments, which helps property teams deal with possible arrears.

Sai, who is co-founder and CEO, said the product takes a home from first enquiry to signed lease and stays with the resident after move-in. Rajek, the co-founder and CPO, said Lette aims to cut repetitive administrative tasks so property managers can spend more time dealing directly with residents.

Customers and plans

According to the company, its technology is used across thousands of residential units. It says operators use it to automate resident support and maintenance requests, shorten leasing times and manage larger portfolios more efficiently. Customers include the real estate services firm JLL and large financial institutions.

The new funding will support a bigger UK team, with hiring planned in product development, engineering and customer operations. Lette also intends to enter additional European markets in 2027.

Source: Tech.eu