Oversubscribed round led by Okapi Venture Capital and Shadow Ventures will fuel product development and hiring as MagicDoor helps owners and operators boost productivity
Most property‑management software was built for large, institutional portfolios. Small landlords and “mom‑and‑pop” operators have been left to cobble together multiple tools for leasing, payments, maintenance and tenant communication. MagicDoor was created to change that. Its AI‑native platform unifies every operational need – listing vacancies, collecting rent, dispatching maintenance, sourcing vendors and handling compliance – into one system. Landlords tell MagicDoor what needs to get done and the platform does the rest, automatically triaging requests, dispatching the right vendors and updating tenants in their preferred language. One customer described the experience as “like having another team member who never sleeps.”
This real‑world impact is why investors oversubscribed the company’s $4.5 million seed round, co‑led by Okapi Venture Capital and Shadow Ventures with participation from Motley Fool Ventures, VITALIZE Venture Capital and Early Light Ventures. The funding will accelerate product development and hiring as MagicDoor scales to meet demand. The company’s AI‑native, fully integrated approach means it can adopt new AI models as they emerge while remaining “open at the boundaries,” ensuring the platform continually gets smarter over time.
Since launching in late 2024, MagicDoor has seen triple‑digit monthly growth and customers report up to a fivefold productivity improvement. “Property management is broken for the small operator,” said Kasper Søgaard, Founder and CEO of MagicDoor. “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.”
Jeff Bocan, Managing Director at Okapi Venture Capital, 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.” Matt Ohlman, Partner at Shadow Ventures, 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.”
As part of the fundraise, MagicDoor also announced the addition of three new board members: Jeff Bocan (Okapi Ventures), Matt Ohlman (Shadow Ventures), and Tim Sheehan, co‑founder and CEO of Greenlight. “We’re excited to welcome experienced operators and investors to our board,” said Søgaard. “Their guidance will help shape our product and accelerate our growth.”
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