TUD graduate’s AI start-up Marc bags $5m to fund US expansion
The raise brings Marc’s total funding to $6m – including a $1m raise in February this year. Read more: TUD graduate’s AI start-up Marc bags $5m to fund US expansion
Property management start-up Marc, founded by a Technological University Dublin graduate, has secured $5 million in a seed round to expand its operations in the US and Canada. The funding round, led by Work-Bench and MXV Capital, was also supported by notable investors such as Braze co-founder Mark Ghermazian, Fin co-founder Des Traynor, and Irish legal tech Brightflag co-founder Ian Nolan.
The total funding now stands at $6 million, including a $1 million raise in February this year. Marc's platform utilizes AI to analyze fragmented vendor contract and invoice data, aiding property managers in identifying discrepancies and avoiding overpayment. The company estimates that unverified invoices could potentially erase up to $20 in asset value.
With over 30 US states and some of the largest Canadian operators as customers, Marc's recent $5 million raise will support hiring, product development, and reinforce its New York base as it scales to serve institutional real estate customers across North America.
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