Baselane, the banking and financial platform purpose-built for real estate investors, has raised a total of $34.4 million in new funding, including a $20 million Series B led by Thomvest Ventures and a previously unannounced $14.4 million Series A led by Matrix Partners. The funding milestone coincides with the launch of Baselane Smart, a subscription-based suite of AI-powered automation tools designed to give landlords greater control, efficiency, and insight into their rental property finances, bringing total funding to $44.3 million.
Launched in 2022, Baselane has experienced more than 900% growth since its Series A financing and now supports over 50,000 real estate investors across the United States. The platform addresses the needs of individual investors who own more than 25 million rental units—half of the U.S. residential rental supply—by replacing a fragmented landscape of non-specialized tools that forced landlords to juggle spreadsheets, payment apps, accounting software, and personal checking accounts with a consolidated financial workflow platform integrating banking, bookkeeping, rent collection, and tax reporting.
“Real estate investors don’t want to be accountants; they want to focus on building passive income without drowning in manual admin work,” said Mathias Korder, Co-Founder and CEO of Baselane. “We built Baselane to give landlords back time and control. By automating the financial back-office, we’re helping them save 5, 8, even 12 hours a week — while still staying on top of cash flow and helping them manage larger portfolios without adding more work.”
Baselane Smart introduces AI-powered features including automatic transaction categorization, advanced tagging rules, auto-receipt matching for tax preparation, and smart fund transfers to prevent overdrafts and maximize savings. The company reports that the average investor saves more than 150 hours and $5,000 per year through automation, visibility, and built-in financial tools, empowering individual landlords with institutional-grade insights traditionally reserved for large-scale investors.
“One of the most frustrating, overlooked problems in real estate investing is the financial management, and Baselane is using software and AI to solve this for tens of thousands of customers,” said Don Butler, Managing Director at Thomvest Ventures. “By deeply understanding this niche and building a beautifully integrated product, Baselane has created something that real estate investors can truly depend on and love.” The Series B round included participation from Matrix Partners, Diagram Ventures, Starwood Capital, and other investors, with funds directed toward scaling go-to-market efforts and accelerating product innovation.
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