We've Closed Our Pre-Seed Round.

Letted Closes Pre-Seed Round

We're thrilled to announce that Letted has officially closed its pre-seed funding round, valuing the company at £1 million. We've raised an undisclosed amount from a group of investors who share our vision for the future of property management.

Why This Matters

This funding validates what we've been building: a smarter, leaner approach to property management that benefits both landlords and tenants. The investment will accelerate our product development, expand our team, and help us onboard more landlords across the UK.

The property management industry has been ripe for disruption for years. Traditional letting agents charge excessive fees, offer poor service, and create friction at every step. We're building the infrastructure to change that — and now we have the backing to do it at scale.

What We'll Do With the Funding

Our priorities are clear:

• Product development: Accelerate our AI-powered tenant communication, automated rent collection, and portfolio analytics features.
• Team growth: Bring on talented engineers, operators, and property experts who can help us move faster.
• Market expansion: Onboard more landlords and prove our model works across different property types and portfolio sizes.
• Technology infrastructure: Invest in the systems that will allow us to scale efficiently while keeping costs low.

Our Investors

We're proud to be backed by Alyn Franklin, CEO of Oritain and former CEO of Alcumus. Alyn brings deep expertise in scaling technology businesses and understands what it takes to build software that transforms traditional industries.

Having an investor of Alyn's calibre validates our approach and gives us access to invaluable experience in growing a tech-first business. His backing signals confidence in both our team and the massive opportunity in proptech.

Our investors bring more than capital — they bring expertise, connections, and a shared commitment to our mission of lowering rents through better technology.

The Road Ahead

This pre-seed round is just the beginning. We're already seeing strong traction with our early landlords, who are experiencing the benefits of streamlined management at a fraction of the traditional cost.

Over the coming months, we'll be:

• Scaling our landlord base across the UK
• Launching new features based on user feedback
• Building partnerships with contractors and service providers
• Preparing for our next phase of growth

Thank You

To our investors: thank you for believing in our vision. To our early landlords: thank you for trusting us with your properties. To our team: thank you for the relentless work that got us here.

We're just getting started. The mission remains the same: bring down rents by making property management radically more efficient.

If you're a landlord looking to save money and time, or an investor interested in the future of proptech, we'd love to hear from you.

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Ready to join us? Book a demo and see how Letted can transform your property management.