MagicDoor is an innovative company that has developed an AI-driven platform designed to streamline and automate many of the routine tasks involved in managing properties. This includes everything from listing vacancies to collecting rent, dispatching maintenance requests, sourcing vendors, and ensuring compliance with various regulations. The company has recently secured $4.5 million in seed funding, with notable investors such as Okapi Venture Capital and Shadow Ventures co-leading the round. Other participants in this funding included Motley Fool Ventures, VITALIZE Venture Capital, and Early Light Ventures.
Traditional property management software has historically been tailored to serve large, institutional portfolios, making it cumbersome or unsuitable for smaller landlords and those running what are often referred to as mom-and-pop operations. These smaller operators have had to piece together multiple different tools to handle leasing, rent payments, maintenance, and communicating with tenants, which can be time-consuming and inefficient. MagicDoor was created to address this gap, making property management more straightforward and more accessible for everyone.
The platform works by allowing landlords to communicate their needs and tasks to MagicDoor, which then takes over the rest. It automatically prioritizes and triages requests, dispatches the appropriate vendors, and keeps tenants informed in their preferred language, creating a seamless experience. One customer described using MagicDoor as having another team member who never sleeps, emphasizing how much it alleviates workload and improves efficiency.
The recent funding will be used to accelerate product development and expand the team, enabling MagicDoor to grow and meet increasing demand. Because the platform is built on a fully integrated, AI-native approach, it can adapt to new AI models as they emerge, continually improving its capabilities. MagicDoor’s current growth trajectory is impressive, with reports of monthly growth reaching triple digits and customers experiencing productivity increases of up to five times.
Overall, MagicDoor is redefining the way small landlords and property managers operate, providing a more innovative, more efficient way to manage properties that can adapt and improve over time. Its innovative approach promises to make property management less of a burden and more of a streamlined, even enjoyable, experience.
New board members: 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.
KEY QUOTES:
“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 scaling headcount and deliver a better experience to residents. Our unified platform and technical openness mean we can move as fast as AI itself.”
“We’re excited to welcome experienced operators and investors to our board. Their guidance will help shape our product and accelerate our growth.”
Kasper Søgaard, Founder and CEO of MagicDoor
“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.”
Jeff Bocan, Managing Director at Okapi Venture Capital
