Adeline Arts and Science has joined Lette’s $6.5m seed round, led by Peak Capital. Lette is an AI-native agentic platform handling end-to-end real estate operations from initial lead to lease execution, maintenance and resident support.

Everyone needs somewhere to live. For more and more of us, that means renting: the share of UK households in private rented accommodation almost doubled from 2004 to 2024.

Residential real estate is the largest asset class in the world at $286.9 trillion - but most teams are managing property across fragmented inboxes, spreadsheets, calendars and PMSs. Lettings agents are drowning in admin, and renters are frustrated.

In my years evaluating proptech and construction tech, I have seen multiple SaaS platforms fail to solve this problem because the tech did not truly automate the admin or the handovers between systems - resulting in lost leads, delayed maintenance, and properties sitting empty.

Lette’s tech handles the entire resident journey from first inquiry to maintenance and renewals on one connected platform. It acts on routine tasks instantly – booking viewings, resolving tenant requests and creating work orders automatically. With the admin out of the way, operators can focus on taking care of residents.

The financial impact? In real estate, asset valuation is directly derived from net operational income and financial yield. So optimising efficiency, cutting administrative overhead, and accelerating leasing cycles all directly and positively impact on the asset value.

This is a huge industry that is massively disrupted by AI. But for me Lette is fundamentally a founder bet.

I first met CEO Mohan Sai during Lette’s early pre-seed round in July 2025, and tracked Lette's journey over several months.

Here is what built conviction:

Mohan and Jakub (CPO and co-founder) are builders and have executed in an adjacent industry.  It was exciting to see how they are translating those learnings to a new, highly regulated industry, where trust is everything, at an extremely fast pace.

They could have started small. Instead, they targeted large asset owners and operators, Fortune 500s. Successfully onboarding these players requires clearing an exceptionally high bar across product depth, technical standard, and compliance standards with data provenance.

Super impressive - and it revealed a key advantage for the founding duo. Mohan is an adept coder who also speaks business effectively. Jakub is the hands-on product obsessive, delivering magic in the hands of users without revealing any of the hard work.

As a team, they could both architect the code and command enterprise boardrooms. That enabled fast-loop product delivery, because there was no loss between client demand and what they shipped. They built what was in their head, sold the vision directly, and iterated the platform in real time.

Following the company over market cycles gave us verifiable, first-hand evidence of Lette’s sustained execution velocity, team adaptability, and ability to hit aggressive milestones before committing capital to this seed round.

Real estate is fundamentally a high-touch industry. Lette eliminates human friction and gives operators their time back to focus on tenant relationships and deal-making. Put simply – Lette let’s people be in the people business. It’s a watershed moment for real-estate, and we are proud to be an investor.