Renters in England can now leave a home on two months’ notice, and Dublin startup Lette says that makes every empty flat more costly for landlords. The company has raised $6.5M in a seed round led by Peak, an Amsterdam early-stage investor, to grow software that handles lettings and resident requests for large rental operators.
The change came with the Renters’ Rights Act, whose main reforms took effect on 1 May 2026. Fixed-term tenancies became rolling ones, landlords lost the right to “no-fault” evictions under section 21, and tenants gained the right to leave with two months’ notice in writing.
“Now that residents can leave at two months’ notice, every day a home sits empty is lost rent,” said Mohan Sai, Lette’s co-founder and chief executive.
Heliad, Foreword VC, Pitchdrive and Adeline joined Peak in the round, along with angel investors including Des Traynor, co-founder of the customer service software company Intercom. Pitchdrive had already backed Lette once, leading a $1.4M pre-seed round in October 2025.
Most of Lette’s work so far is in Britain and Ireland, and the new money will expand the British team across product, engineering and customer operations. Expansion into other European markets is planned for 2027.
From First Enquiry To Signed Lease
Lette’s main customers are build-to-rent operators, the companies that own and run blocks of homes built specifically for renting. Student accommodation providers, private rented sector operators and single-family rental landlords are also on the list.
The platform uses artificial intelligence (AI) to take a home through the whole letting process. Prospective tenants are qualified, viewings booked and documents prepared, and once a lease is signed the software keeps answering residents at any hour and in any language, over an app, email, WhatsApp, text message or voice.
“Lette takes a home from first enquiry to signed lease and stays with the resident after move-in,” Sai said.
Day-to-day management sits on the same platform. Lette handles move-ins, renewals, tenancy changes and rent collection, including chasing arrears, as well as repair requests, inspections and contractor coordination. A reporting layer pulls the data together, and the company says compliance work is covered too.
Operators do not have to switch systems to use Lette. The software works alongside property management platforms already in place, such as Yardi, MRI and RealPage.
JLL Among The Early Customers
Property services group JLL is a Lette customer, and the company’s website also shows Grayling Properties, Storyhouse, urbeo and Lugus. Lette says its technology now runs across about 30,000 homes, up from more than 5,000 properties at the time of the pre-seed round.
According to the company, more than 60% of resident support and maintenance requests are now handled without staff stepping in, and the time to lease a home has fallen from two weeks to under four days. Lette has not published independent verification of these figures.
Sai and co-founder Jakub Rajek, now chief product officer, were both part of the founding team at Nory, an AI platform for restaurant operations. Rajek has said the goal at Lette is to cut repetitive admin so property managers can spend more time with residents, while Sai argues large landlords have been badly served by software until now.
“Institutional operators in the UK and Ireland have never had a platform built around how their teams lease homes,” Sai added.
Lette is based in Dublin and has an office in London. Lugus Capital, an investor in the pre-seed round alongside Pitchdrive and Baseline Venture, also appears among the customers, so one early backer uses the product.
Faster Lettings Under New Rules
England’s rental reforms have given landlords less certainty about how long residents will stay, and Lette is selling speed in return: quicker lettings, quicker replies and less manual work for property teams. Peak’s round gives the company money to push that offer harder in Britain before looking further into Europe.
How much of the promised time saving holds up across more operators is still to be shown, since the results so far come from Lette itself. For now, the new funding is aimed at winning more of Britain’s large rental landlords, with JLL already on the customer list.
