- Cortas, the Danish startup, has raised approximately €1.47m in a pre-seed round led by PSV Tech.
- Cortas plans to build property management software and will manage clients’ buildings directly through its own platform.
- Cortas plans to use the new funds to improve its technology, grow its team and position itself as an alternative to the established property managers.
Christian Pind Schmidt and Frederik Buchardt met while both working in property investment at Thylander Group, a major Danish property investor.
Facing slow processes and disconnected systems, the duo founded Cortas at Indiakaj in Copenhagen to fix the bottleneck. Having been investors themselves, they have raised approximately €1.47m to become property managers.
PSV Tech led the pre-seed round, with participation from JRNY Capital, EIFO, Denmark’s state-owned export and investment fund, and several tech founders. Among them are the founders of Flatpay, which hit a €1.5 billion valuation in November 2025, and Spirii, which Edenred acquired in 2024.
Typically, property management and the industry software would come from separate companies. Cortas plans to build its own property management tools and use them to manage properties for institutional real estate investors. The service will cover the full range of day-to-day tasks, from tenant enquiries through move-ins and move-outs, as well as bookkeeping and financial management for the various legal entities involved.
The company calls itself AI-native, but the founders feel too many companies view AI as a panacea for all their problems.
“We don’t see using AI as a strategy in itself. It is an exciting technology because it allows us to rethink the entire property management business model from the ground up. But, like any other technology, AI has to earn its place by creating real value for our customers,” said Schmidt, Cortas’s co-founder and CEO.
A property manager building its own software
Pind Schmidt makes it clear the aim isn’t simply to bolt a chatbot onto existing processes: “We don’t think property management becomes fundamentally different just because you put a chatbot on top of old workflows. The opportunity lies in rethinking how the work itself is organised and carried out in a new technological context. In practice, that means being able to build software in-house and test new approaches every day.”
Buchardt lays out the same argument from the service side: “We don’t start by asking where we can implement AI. We start by asking how to provide the best possible property management service. Sometimes AI is the right solution. Elsewhere, it’s conventional automation, better processes or skilled people. The result matters, not which technology we can apply.”
Cortas is looking to automate admin work so people can focus on work that requires human judgement, expertise, and relationship building. The company is structuring itself to make the best possible use of both people and technology.
German company reltix uses the same model. They raised a €3 million pre-seed round on 16th June 2026. Elsewhere, EliseAI raised $350 million at a $4 billion valuation from a16z and Bessemer in September 2026. Paris-based Rivage raised €1.5 million in July 2026 for its AI rental management software.
What Cortas has not yet shared
Cortas puts the global property management market at $25.15 billion in 2026, and that’s expected to grow to $33.93 billion by 2030 at 7.8% per year.
“Cortas won’t be the only company trying to rethink property management. What matters to us is that we believe this team has the potential to succeed. Christian and Frederik combine tremendous drive and ability to execute with first-hand experience from the property investor’s side. They have the industry insight and the right network to deliver on their ambition of serving large, demanding property investors from day one,” said Christian Dalsgaard, who led the investment for PSV.
Tore Harritshøj, founder of Spirii and a Cortas investor, compared the venture with his own: “Property management is a large market where technology will undoubtedly transform both the cost structure and the customer experience. Cortas isn’t building software for existing property managers. It is building an entirely new operating model around AI. That makes the business case particularly interesting and, in several ways, reminds me of the journey we went through with Spirii.”
The company plans to use the new funds to improve its technology, grow its team and position itself as an alternative to the established property managers.
