Baselane, a financial platform tailored for real estate investors, has raised $34.4 million in funding. The round includes a recently closed $20 million Series B led by Thomvest Ventures and a previously undisclosed $14.4 million Series A led by Matrix Partners.
The funding comes alongside the debut of Baselane Smart, a subscription-based suite of AI-driven automation tools aimed at simplifying banking and bookkeeping for landlords.
Founded in 2022, Baselane reports more than 900% growth since its Series A round and now supports over 50,000 real estate investors in the United States. Individual investors collectively own more than 25 million rental units, representing about half of the U.S. rental market. This group increasingly requires specialized financial tools as they expand beyond single-property ownership.
Traditionally, landlords relied on spreadsheets, generic accounting software, personal banking accounts, and consumer payment apps. Baselane seeks to consolidate these fragmented processes by providing a single platform that integrates banking, bookkeeping, rent collection, and tax reporting.
"Real estate investors don't want to be accountants; they want to focus on building passive income without drowning in manual admin work," said Mathias Korder, Co-Founder and CEO of Baselane. "We built Baselane to give landlords back time and control. By automating the financial back-office, we're helping them save 5, 8, even 12 hours a week — while still staying on top of cash flow and helping them manage larger portfolios without adding more work."
According to the company, Baselane users save an average of 150 hours and $5,000 annually through automation and financial visibility.
Baselane Smart introduces AI and automation to everyday financial tasks. The toolset includes:
Auto-Tag Assistant: AI categorizes transactions instantly.
Advanced Tagging Rules: Allows custom tagging by payee, account, or transaction size.
Auto-Receipt Match: Matches and organizes uploaded receipts for tax preparation.
Smart Fund Transfers: Automates top-ups to prevent overdrafts or missed payments.
Time-Saving Oversight: Provides financial clarity while reducing manual work.
The company plans to invest the fresh capital in scaling go-to-market strategies and accelerating product innovation.
"One of the most frustrating, overlooked problems in real estate investing is the financial management, and Baselane is using software and AI to solve this for tens of thousands of customers," said Don Butler, Managing Director at Thomvest Ventures. "By deeply understanding this niche and building a beautifully integrated product, Baselane has created something that real estate investors can truly depend on and love."
The Series B round saw participation from Matrix Partners, Diagram Ventures, Starwood Capital, Parameter Ventures, Activant Capital, RXR ARDEN Digital Ventures, and Watershed Ventures. To date, Baselane has raised $44.3 million.
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