MagicDoor has closed a $4.5M seed round, marking a major milestone in our mission to bring true AI automation to property management.
The round was co-led by Okapi Venture Capital and Shadow Ventures, with participation from Motley Fool Ventures, VITALIZE Venture Capital, and Early Light Ventures.
This funding is fuel for rapid growth and bold product innovation.
With investor confidence behind us, we’re scaling faster, hiring top talent, and pushing forward on our vision: helping every small landlord run their business on autopilot with AI.
Why MagicDoor Exists
Property management wasn’t designed for small landlords.
Most platforms cater to institutional portfolios with thousands of units and in-house teams to run them. Independent operators? They’ve been left patching together spreadsheets, rental apps, and endless late-night text chains.
MagicDoor flips that script.
Our Agentic AI Native platform allows every landlord to run a professional operation without the overhead. By unifying leasing, rent collection, maintenance, and compliance into one system, we make it possible to scale without scaling headcount.
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Here’s why MagicDoor had to exist:
- Fragmented tools slowed landlords down. Managing rent in one app and maintenance in another meant constant context-switching.
- Tenants expected more. Modern renters want fast updates, online payments, and multilingual communication.
- Small landlords were overlooked. Legacy property management systems were too complex and expensive for smaller portfolios.
- AI wasn’t applied where it mattered most. Instead of chatbots, landlords needed real execution: dispatching vendors, updating tenants, and collecting rent on time.
MagicDoor exists to close that gap, giving small landlords the same advantage that institutional players have enjoyed for years, but in a simpler, smarter, AI-powered way.
What Makes MagicDoor Different?
Most “AI” in property management stops at chatbots and ChatGPT responses.
MagicDoor goes further. Our platform acts like a teammate that never sleeps, not just answering questions, but actually getting work done.
Instead of telling you what might happen, MagicDoor executes across systems in real time. A tenant submits a repair request? The platform triages it, dispatches the right vendor, updates the tenant in their preferred language, and closes the loop without you lifting a finger.
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