MARC has raised $5 million (about €4.4 million) in an oversubscribed seed round led by Work-Bench, with MXV Capital participating, bringing its total funding to $6 million. It gives property owners and asset managers a funded tool for checking vendor invoices against contract terms, where operating costs squeeze net operating income.

MARC is an AI platform founded by 24-year-old Technological University Dublin graduate Aaron Devitt, with a New York and Dublin presence. It connects contracts, invoices and vendor data so institutional real estate owners can predict operating expenditure and identify overcharges. Work-Bench led the round.

Customers across the US and Canada represent a combined $90 billion in assets under management and more than $100 million in annual vendor spend. Commercial Observer reported that MARC plans to use the funding to expand across the US and Canada and grow its New York team.

Devitt said: “We had already built a profitable business, but the scale of the opportunity we were seeing in North America made this the right time to accelerate.”

Devitt said MARC had planned to raise $2 million to $3 million but raised $5 million quickly after fund interest on the West Coast and East Coast.

The company says nearly all invoices go unverified against underlying contracts. It uses agentic AI to reconcile invoices with contracts, flag overcharges, track renewals and benchmark vendor costs.

Founders and operators backing the round include Des Traynor of Intercom, Mark Ghermezian of Braze, Ian Nolan of Brightflag, Cyrus Claffey of ButterflyMX and Daniel Eberhard of Koho.

The business began in Ireland. Dealroom reported that Devitt first built software for the UK and Irish rental markets, raised $1 million in pre-seed funding in late 2024, then launched a US product this year and sold the original Irish and UK business to focus on North America.

For the sector, an Irish-founded platform selling the home business to concentrate on one market signals that cost-control software is being built around a specific buyer, institutional owners with large vendor portfolios.

Source: Business Plus / Commercial Observer / Dealroom