MagicDoor, a Las Vegas, Nevada-based AI-native property management platform, has raised $4.5 million in a seed round.
Investors
The round was co-led by Okapi Venture Capital and Shadow Ventures, with participation from Motley Fool Ventures, VITALIZE Venture Capital, and Early Light Ventures.
Okapi Venture Capital is a seed- and early-stage venture capital firm based in Southern California. Established in 2005, the firm focuses on investing in and providing hands-on support to technology and life sciences startups, with a particular emphasis on the tech coast region, which includes Orange County, Los Angeles, and San Diego.
Shadow Ventures is a venture capital firm specializing in investing in and providing strategic support to seed-stage technology startups focused on innovating the built environment. The firm invests in startups developing new technologies, often referred to as PropTech and ConTech.
MagicDoor Use of Funds
The company will use the funding to accelerate product development, enhance AI capabilities, and expand hiring to scale the platform’s adoption among independent landlords.
About MagicDoor
Founded by Kasper Søgaard, Yingmei Søgaard, and Norbert Nemes, MagicDoor is a technology company that provides AI-powered property management software designed for landlords and property managers. The platform aims to simplify and automate day-to-day operations for residential and commercial properties. Its system unifies every operational need—listing vacancies, collecting rent, dispatching maintenance, sourcing vendors, and handling compliance—into one platform. Headquartered in Las Vegas, Nevada, its mission is to make property management simpler, more human, intuitive, and powered by AI.
Funding Details
Company: MagicDoor, Inc.
Raised: $4.5M
Round: Seed
Funding Date: September 2025
Lead Investors: Okapi Venture Capital, Shadow Ventures
Additional Investors: Motley Fool Ventures, VITALIZE Venture Capital, Early Light Ventures
Company Website: https://magicdoor.com/
Software Category: PropTech / AI-powered Property Management
Source: https://www.prnewswire.com/news-releases/ai-that-never-sleeps-magicdoor-raises-4-5-m-seed-round-to-put-property-management-on-autopilot-302545544.html
