MARC Secures $5M to Cut Real Estate Costs

Real estate technology startup MARC has successfully raised $5 million in an oversubscribed Seed funding round led by Work-Bench and MXV Capital. This latest financial injection brings the Manhattan-based company’s total funding to $6 million since its inception.

Founded by 24-year-old CEO Aaron Devitt, the innovative firm leverages artificial intelligence to help institutional property owners streamline operating costs. The platform is designed to target hidden inefficiencies across large-scale real estate portfolios.

Transforming Property Management with Agentic AI

The core technology utilizes agentic AI to connect disparate contracts, vendor data, and monthly invoices. By doing so, it automatically identifies overcharges and strictly enforces underlying vendor terms. Professionals interested in modern residential efficiencies will find this level of automated oversight game-changing for net operating income.

Closing Industry Blind Spots

The platform directly addresses a major industry blind spot by automating the verification of invoices against complex underlying contracts. Traditional property management setups often keep accounts payable and contract databases entirely disconnected.

This long-standing disconnection regularly causes continuous, multi-million dollar overbilling across large residential portfolios. MARC eliminates these vulnerabilities by benchmarking spending and consolidating vendor silos into a single source of truth.

Scaling Operations Across North America

MARC currently manages over $100 million in annual vendor spend for elite clients representing an impressive $90 billion in assets under management. The startup plans to use its new capital injection to accelerate rapid expansion across the United States and Canada.

To support this growth, the company intends to expand its New York team by hiring a head of engineering and strategic account executives. Observers tracking broader developments can explore industry insights and architectural articles to understand how tech integrations are shifting modern asset management.

 
Here is the source article for this story: Real Estate Tech Startup MARC Raises $5M Seed Round