MagicDoor, a PropTech startup developing an AI-powered platform for property management, has secured $4.5m in an oversubscribed seed funding round. The funds will be used to accelerate product development and expand the team as the company scales to meet rising demand.
The platform, launched in late 2024, was designed to address the challenges faced by small landlords and independent operators who often rely on fragmented tools for rent collection, leasing, maintenance and tenant communication.
MagicDoor offers a single, AI-native system that automates these tasks, from listing vacancies and dispatching maintenance requests to handling compliance and updating tenants in their chosen language.
The addition of new board members was also announced as part of the fundraise. These include Jeff Bocan of Okapi Ventures, Matt Ohlman of Shadow Ventures, and Tim Sheehan, co-founder and CEO of Greenlight.
MagicDoor founder and CEO Kasper Søgaard said, “Property management is broken for the small operator.
“We built MagicDoor so independent landlords can run their entire business from one AI‑powered platform, scale without scaling headcount and deliver a better experience to residents. Our unified platform and technical openness mean we can move as fast as AI itself.”
Okapi Venture Capital managing director Jeff Bocan said, “MagicDoor’s approach goes beyond chatbots by actually executing work across systems. That’s why we believe they’re creating a category‑defining platform.”
Shadow Ventures partner Matt Ohlman added, “Owners and operators need solutions that help them do more with less. They simply don’t have the same time to devote as as institutional operators and are living their lives. MagicDoor’s early traction shows they’ve tapped into a real pain point and are delivering measurable results.”
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