Pomegra
Dublin-founded Lette has raised $6.5M in seed funding led by Peak to automate rental leasing and resident support with AI agents across UK and Irish housing.
Key Takeaways
- Lette raised a $6.5M seed round led by Peak, announced on October 27, 2026.
- Total funding is about $7.9M, including a $1.4M pre-seed from October 2025.
- The platform handles over 60% of resident requests across 30,000+ units.
Lead
Lette, a Dublin-founded startup building an AI operating system for residential landlords, announced a $6.5M seed round on October 27, 2026. Peak led the round, with Heliad, Foreword VC, Pitchdrive and Adeline participating, alongside angel investors including Des Traynor, co-founder of Intercom. The company did not disclose a valuation. Funding will go toward hiring in product, engineering and customer operations, and toward entry into new European markets in 2027.
What Does Lette Actually Do?
Lette sells software that uses AI agents to run the repetitive work of renting homes. The agents cover leasing enquiries, resident support, maintenance requests, rent arrears and compliance. They connect to the property management systems operators already use, so customers do not have to migrate their records.
Its customers are institutional operators: build-to-rent developers, purpose-built student accommodation providers, private rented sector landlords and single-family home managers. The product competes less with other startups than with the back-office staff and outsourced call handling that currently absorb these tasks.
How Big Is Lette's Footprint So Far?
Lette's platform covers more than 30,000 rental units, and it says its agents resolve over 60% of resident support and maintenance requests without human involvement. The company also reports that average leasing time has fallen from two weeks to under four days. One operator added more than 1,000 homes without hiring extra staff.
These are company figures, and the round came with no named customers or third-party audit of the numbers. The unit count is still large for a business founded in March 2025, and it suggests the product is deployed in live operations rather than in pilots.
Who Is Behind the Company?
Mohan Sai (CEO) and Jakub Rajek (CPO) founded Lette in Dublin in March 2025. Both previously held senior roles at Nory, the restaurant-operations AI company. The company now has offices in London and Dublin, and its team has grown sixfold over the past year.
The pre-seed arrived in October 2025: a $1.4M round led by Pitchdrive, aimed at taking the product across Ireland, the UK and the UAE. The seed is therefore close to a fivefold step up in about a year. That pace reflects early traction rather than a proven revenue base, since Lette has not published revenue or retention data.
Why Did Peak Back a Leasing Automation Startup?
Peak backed Lette because it sees the product becoming embedded in how residential operators run their businesses. Thijs Dijkman of Peak said the founders "bring deep technical expertise and sharp commercial judgement" and are building a platform "becoming central to how those businesses operate." Rajek framed the goal as automating repetitive work so teams get their time back.
The investor mix points the same way. A repeat pre-seed backer in Pitchdrive, a European growth investor in Peak and an Intercom co-founder as an angel give the company support from people who know customer-service automation. Intercom itself built a large business on that category, which makes the thesis familiar to those investors.
What Are the Risks for Lette?
The main risk is concentration in a sector with a limited number of institutional buyers. UK build-to-rent is growing, but each operator is a large contract, and a few losses would show up quickly in revenue. Property management software vendors are also adding their own AI features, which narrows the gap that independent tools like Lette fill.
Accuracy matters too. An agent that mishandles an arrears notice or a compliance deadline creates legal exposure for the landlord, not just a poor customer experience. A 60% automation rate leaves 40% of requests with human staff, so the savings depend on how cleanly Lette hands those cases over.
What Comes Next for Lette?
Lette plans to expand its UK team and open new European markets in 2027. The seed gives it room to hire and build, but a Series A will depend on figures the company has not yet shared: recurring revenue, customer retention and the share of its 30,000 units under long-term contracts.
Outlook
Lette's $6.5M seed, led by Peak, funds a push from a Dublin base into wider European residential operations. Its automation metrics are strong on paper but come from the company itself. The next round will likely turn on disclosed revenue, retention and how well its agents hold up as the unit count grows.
