Dublin-based proptech startup MARC has raised $1m in pre-seed funding from 23 angel investors, signalling early backing for AI-driven contract intelligence within institutional real estate portfolios.
The round did not include venture capital participation. Investors include senior operators and technology founders from across Ireland and the US, alongside institutional real estate investors and North American multifamily operators.
Founded in 2024 by Aaron Devitt, MARC focuses on a structural inefficiency within large property portfolios: fragmented contract and expense management. Institutional owners and managers frequently oversee thousands of vendor agreements covering maintenance, utilities, compliance certifications and service licences. Critical clauses – including renewal dates, escalation mechanisms and termination rights – are often dispersed across inboxes, shared drives and legacy systems.
This fragmentation can slow budgeting, audits, asset disposals and invoice reconciliation, while increasing the risk of missed renewals or overpayments.
MARC applies AI-powered contract agents that connect to existing document repositories, including email and SharePoint environments. The system identifies relevant agreements, extracts key commercial terms and structures them into a searchable data layer. The platform then maintains a continuously updated record designed to act as a central source of contract intelligence.
In addition to structuring agreements, MARC compares contractual obligations with monthly invoices to surface discrepancies before they affect net operating income. For asset managers operating at scale, the commercial value lies in reducing manual review cycles and improving financial oversight across distributed portfolios.
Aaron Devitt, Founder, MARC, established the company after observing inefficiencies in contract and expense management practices across rental housing. The platform has since expanded beyond Ireland to serve institutional owners in the United States and Canada.
The newly secured capital will be directed towards product development and continued expansion in North America.
For the wider property technology sector, the raise reflects growing investor interest in AI applications that sit directly within asset management workflows. As portfolio sizes increase and operational complexity deepens, structured data extraction and contract analytics are emerging as foundational layers of digital real estate infrastructure rather than optional optimisation tools.
