MagicDoor Secures $4.5 Million Seed to Automate Rental Operations for Landlords and Property Managers

Company Snapshot
MagicDoor is building the next generation of rental operations software by automating property management from rent collection to maintenance dispatch. Based in Las Vegas, the company focuses on helping landlords and property managers eliminate repetitive administrative work while improving tenant communication and satisfaction. Its AI-driven system intelligently handles maintenance requests, automates vendor scheduling, and streamlines payment workflows, giving property owners a single dashboard to manage all rental operations more efficiently.

MagicDoor Secures $4.5 Million Seed to Automate Rental Operations for Landlords and Property Managers

Subtitle
Okapi Venture Capital and Shadow Ventures lead MagicDoor’s $4.5 million Seed round to accelerate AI-driven property management automation.

Intro
On September 10, 2025, Las Vegas-based MagicDoor announced a $4.5 million Seed round led by Okapi Venture Capital and Shadow Ventures. Founded in 2023 by CEO Kasper Søgaard, the company’s mission is to simplify property management by automating operations across the full rental lifecycle.

The funding follows a $2 million-plus Pre-Seed round in 2024, bringing MagicDoor’s total capital raised to more than $6.5 million. New board members joining with the round include Tim Sheehan (Greenlight), Jeff Bocan (Okapi), and Matt Ohlman (Shadow). The company’s AI-native platform is designed for landlords, property managers, and institutional owners seeking to automate rent collection, maintenance triage, and vendor coordination.

What the Company Does
MagicDoor provides an AI-driven property management platform that centralizes and automates daily rental operations. Its features include:

• Unified dashboards for listings, rent collection, and maintenance management

• AI-powered triage that interprets service requests and dispatches the right vendors automatically

• Multilingual tenant communication updates for improved engagement

• Reduced administrative workload, faster response times, and better tenant retention

The platform’s automation capabilities help property teams run leaner operations while maintaining a higher level of service quality.

Who It’s Best For
MagicDoor serves:

• Independent landlords managing multiple units

• Third-party property management firms

• Institutional owners overseeing multifamily or single-family portfolios

Use Cases

• Rent collection and late payment automation

• Maintenance request triage and vendor dispatching

• Vacancy listings and tenant communication management

Deployment / Fit

• SaaS platform available via mobile and web

• Designed for scalability across small and midsized portfolios

• Currently focused on the U.S. rental market

Similar Companies

• Latchel – Maintenance automation and resident benefits platform for property managers.

• AppFolio – Comprehensive property management software with strong accounting and tenant tools.

• Hummingbird – AI-powered operations assistant for property management workflows.

• Flock Homes – Focuses on automating rental ownership but emphasizes investment and compliance layers rather than daily management.

How to Get in Touch
Website: https://www.magicdoor.ai
Headquarters: Las Vegas, Nevada, USA
Contact: Via website contact form
Careers: Available on company site

Team / Founders

• Kasper Søgaard, CEO

• Jeff Bocan, Board Member (Partner, Okapi Venture Capital)

• Matt Ohlman, Board Member (Principal, Shadow Ventures)

• Tim Sheehan, Board Member (Co-founder & CEO, Greenlight)