MagicDoor Raises $4.5M Seed Round to Automate Property Management for Small Landlords
Most property-management software today caters to large institutional portfolios, leaving small landlords and family-run operations to piece together multiple tools for leasing, payments, maintenance, and tenant communication. MagicDoor was created to change that dynamic.
This AI-native platform consolidates every operational task—listing vacancies, collecting rent, dispatching maintenance, sourcing vendors, and ensuring compliance—into a single system. Landlords simply tell MagicDoor what needs attention, and the platform automatically triages requests, dispatches the appropriate vendors, and updates tenants in their preferred language. One user described it as “like having another team member who never sleeps.”
Strong Investor Confidence and Growth
MagicDoor’s impact has attracted significant investor interest, resulting in an oversubscribed $4.5 million seed round. The funding was co-led by Okapi Venture Capital and Shadow Ventures, with contributions from Motley Fool Ventures, VITALIZE Venture Capital, and Early Light Ventures. These funds will accelerate product development and expand the team as MagicDoor scales to meet growing demand.
Because MagicDoor’s platform is AI-native and fully integrated, it can adopt new AI models as they emerge while maintaining an open architecture. This adaptability ensures that the platform continuously improves over time. Since its late 2024 launch, MagicDoor has experienced triple-digit monthly growth, with customers reporting up to a fivefold increase in productivity.
Changing the Landscape for Small Operators
Kasper Søgaard, Founder and CEO of MagicDoor, highlights the problem the company addresses: “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 increasing headcount, and deliver a better experience to residents. Our unified platform and technical openness mean we can move as fast as AI itself.”
Jeff Bocan, Managing Director at Okapi Venture Capital, emphasized the platform’s capability: “MagicDoor’s approach goes beyond chatbots by actually executing work across systems. That’s why we believe they’re creating a category-defining platform.” Matt Ohlman, Partner at Shadow Ventures, added, “Owners and operators need solutions that help them do more with less. They don’t have the same time 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.”
New Board Members and Future Plans
Alongside the fundraise, MagicDoor announced new board members: Jeff Bocan (Okapi Ventures), Matt Ohlman (Shadow Ventures), and Tim Sheehan, co-founder and CEO of Greenlight. Søgaard commented, “We’re excited to welcome experienced operators and investors to our board. Their guidance will help shape our product and accelerate our growth.”
To learn more about MagicDoor’s AI-powered property management platform, visit MagicDoor.com.
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