Marc raises $5M to catch billing errors for apartment owners
What's the deal? Marc, a startup that uses AI to check apartment owners' bills against their vendor contracts, has raised $5 million in seed funding. Work-BenchDealroom has a profile for this one. Try Dealroom → and MXV Capital led the round, with participation from IntercomDealroom has a profile for this one. Try Dealroom → co-founder Des TraynorDealroom has a profile for this one. Try Dealroom →, Braze co-founder Mark Ghermazian, Brightflag co-founder Ian NolanDealroom has a profile for this one. Try Dealroom →, and ButterflyMX co-founder Cyrus Claffey. The raise brings Marc's total funding to $6 million.
What's the endgame? New York-based Marc reads vendor contracts with AI and compares the agreed prices and terms against incoming bills through connections to owners' accounting and payment systems. It also flags upcoming contract renewals and spots where owners could use one vendor across multiple properties.
Why it matters: Billing mistakes add up fast for owners with thousands of apartments. Marc says it reviewed more than 50,000 invoice records from one vendor for customer Birge & HeldDealroom has a profile for this one. Try Dealroom → and found more than 100 charges that exceeded the contract — work that would otherwise take "thousands of hours," according to founder and chief executive officer Aaron Devitt.
By the numbers: Marc's software manages more than $100 million in annual vendor spending across 30 US states and Canada, and its customers collectively oversee $90 billion in assets. The company became profitable within its first few months in the US this year, Devitt said.
Why expand? Devitt, 24, started Marc while studying marketing in Dublin, first building software for the UK and Irish rental markets. He raised $1 million in pre-seed funding in late 2024, then launched a US product early this year and sold the original Irish and UK business to focus on North America.
Why now? "We had already built a profitable business, but the scale of the opportunity we were seeing in North America made this the right time to accelerate," Devitt said. He said it took about two weeks from starting the fundraise to signing a term sheet.
What's next? Jonathan Lehr, co-founder and general partner at Work-Bench, said Marc could eventually build an anonymised database of property operating costs, letting owners compare expenses across markets and make better decisions about vendors and acquisitions.
The signal: The round sits in the top 5% of all seed rounds raised by Irish real estate startups, a sign of investor appetite for AI tools that trim property costs. Peers are moving in too: Rely raised $4.5 million in May for multifamily diligence and document auditing. Marc's narrower focus on billing reconciliation will prove its worth only if flagged discrepancies turn into verified savings.
Read more: thisweekinfintech.com
Image credit: Generated with Gemini
