AI-native proptech startup MARC backed by a group of angel investors
Dublin-based MARC, an AI-native proptech startup, has secured $1 million in pre-seed funding from a diverse group of 23 angel investors, notably excluding venture capital. This significant investment underscores confidence in MARC's innovative approach to tackling inefficiencies within real estate asset management. The round's composition, featuring prominent figures from tech and institutional real estate, highlights the perceived value of specialized AI solutions in a traditionally data-intensive sector. MARC's platform leverages AI-powered agents to address the complex challenge of managing thousands of vendor contracts within large real estate portfolios. These agents connect to existing document repositories, including email inboxes and SharePoint, to automatically locate, extract, and structure critical contract information such as renewal dates, fee structures, and termination rights. The system then compiles this data into a centralized, searchable database, dramatically streamlining processes like budgeting, audits, and invoice reviews, which are often hampered by fragmented and legacy systems. The implications of MARC's technology extend to significant cost savings and operational improvements for real estate operators and asset managers. By comparing contract terms with monthly invoices, the platform can identify discrepancies and prevent overbilling, directly impacting net operating income. Having launched in 2024 and already expanding from Ireland to serve institutional owners in the United States and Canada, MARC is poised for further growth, with the new funding dedicated to product development and North American market expansion.
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