Lette, the AI operating system for institutional residential operators, has raised $6.5m in seed funding to scale its UK operation.
The round was led by Peak with participation from Heliad, Foreword VC, Pitchdrive and Adeline, as well as backing from angel investors such as Des Traynor, co-founder of Intercom.
Across 30,000+ units, Lette handles more than 60% of resident support and maintenance requests automatically and the company claims it has cut the time it takes to lease a home from two weeks to under four days.
Mohan Sai, co-founder and CEO of Lette, said: “Institutional operators in the UK and Ireland have never had a platform built around how their teams lease homes and look after residents. Lette takes a home from first enquiry to signed lease and stays with the resident after move-in, working alongside the systems operators already have. We’re using this funding to go deeper for UK operators. Now that residents can leave at two months’ notice, every day a home sits empty is lost rent, and that is what we help operators win back.”
Jakub Rajek, co-founder and CPO of Lette, added: “Housing is a human industry. Letting agents and property managers come into this job to look after people, yet their days are still spent chasing leads, copying details between systems and updating spreadsheets. We started Lette to automate that repetitive work and give teams their time back, so they can pick up the phone when it matters and be there when a resident really needs them.”
Thijs Dijkman, general partner at Peak, said: “We see a clear opportunity to build the AI-native operating system for residential property in Europe, and we believe Lette is leading the way. Mohan and Jakub bring deep technical expertise and sharp commercial judgement, and have moved quickly to earn the trust of major operators in the UK and Ireland. By building around the full resident lifecycle, they are creating a platform that is becoming central to how those businesses operate, with the operational data and customer relationships to build a lasting advantage. That is what convinced us to invest, and we’re excited to help the team realise that ambition.
