About Letus
Letus is a company based in Vancouver (Canada) founded in 2002.. Letus has raised $5.03 million across 2 funding rounds from investors including Conservice. Letus offers products and services including Online Rent Payments, Lease Applications, Tenant Screenings, and Property Management Software. Letus operates in a competitive market with competitors including Rentberry, Crib, TurboTenant, Nomad and SingleKey, among others.
- Headquarter Vancouver, Canada
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Sectors
Real Estate & Construction
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$5.03 M (USD)
in 2 rounds
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Latest Funding Round
$25 K (USD), Angel Round
Jan 19, 2017
- Investors
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Employee Count
Employee Count
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Products & Services of Letus
Letus offers a comprehensive portfolio of products and services, including Online Rent Payments, Lease Applications, Tenant Screenings, and Property Management Software. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
System for secure online rent processing and tracking.
Platform for submitting and reviewing lease applications digitally.
Tools for background checks and tenant verification processes.
Comprehensive platform for overseeing property operations and finances.
Funding Insights of Letus
Letus has successfully raised a total of $5.03M across 2 strategic funding rounds. The most recent funding activity was a Angel Round round of $25 thousand completed in January 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Angel Round — $25,000
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First Round
First Round
(02 Mar 2016)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jan, 2017 | Amount | Angel Round - Letus | Valuation |
investors |
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| Mar, 2016 | Amount | Series A - Letus | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Letus
Letus has secured backing from 1 investor. Prominent investors backing the company include Conservice. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Utility management and billing services are provided for property owners.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Letus
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Letus
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Letus Comparisons
Competitors of Letus
Letus operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Rentberry, Crib, TurboTenant, Nomad and SingleKey, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Digital platform for worldwide apartment rentals is provided.
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| domain | founded_year | HQ Location |
Provider of all-in-one property management software
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| domain | founded_year | HQ Location |
Online property management software is offered to landlords and managers.
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| domain | founded_year | HQ Location |
Digital banking services for individuals are offered by Nomad.
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| domain | founded_year | HQ Location |
Rental property management software is delivered via SaaS for landlords.
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| domain | founded_year | HQ Location |
Rental property management is enabled via SaaS platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Letus
Frequently Asked Questions about Letus
When was Letus founded?
Letus was founded in 2002 and raised its 1st funding round 14 years after it was founded.
Where is Letus located?
Letus is headquartered in Vancouver, Canada. It is registered at Vancouver, British Columbia, Canada.
Is Letus a funded company?
Letus is a funded company, having raised a total of $5.03M across 2 funding rounds to date. The company's 1st funding round was a Series A of $5M, raised on Mar 02, 2016.
What does Letus do?
Letus was founded in 2002 in Vancouver, Canada, as a provider of software solutions for the rental property sector. Tools for property management, lease applications, tenant screening, rent payments, and tenant rewards are offered to support owners, tenants, and rental managers. Operations focus on streamlining administrative tasks in the real estate rental industry across Canada.
Who are the top competitors of Letus?
Letus's top competitors include Rentberry, Tenant Cloud and TurboTenant.
What products or services does Letus offer?
Letus offers Online Rent Payments, Lease Applications, Tenant Screenings, and Property Management Software.
Who are Letus's investors?
Letus has 1 investor. Key investors include Conservice.