LetHub is a property technology startup that provides a leasing automation platform for property managers that using artificial intelligence to augment and streamline day-to-day work.
The BC-based prop-tech company helps landlords and property management companies rent units more efficiently, provide a better experience to prospective tenants, and improve the bottom line—property management companies can reduce their vacancy rates by more than 25%, according to LetHub.
The startup was founded by Faizan Ali Khan who has a decade of entrepreneurship experience across three startups including this latest venture of his.
LetHub’s software provides property managers with several tools, including pre-qualifying renters, booking tours into personalized calendars, and real-time feedback. The startup aims to save clients time, allowing companies to focus on portfolio growth, owner retention, and increased property acquisition.
“LetHub is very excited to be part of Sprout Fund II and its network of experienced investors,” said Ali Khan.
The Sprout Fund II also invested in no-code front-end automation platform Frontly and in Swede, which is disrupting the home renovation market by simplifying the way home renovations are planned and purchased.
“The investment will allow us to establish ourselves in the multifamily residential market and build new products that improve the experience of finding, managing, and keeping great tenants,” he added.