Rely, a Portland, Maine-based AI-native diligence platform for multifamily real estate, has raised $4.5 million in Seed funding.
Investors
The round was led by 2048 Ventures, with participation from Range Ventures and Better Tomorrow Ventures.
2048 Ventures is an early-stage venture capital firm that invests primarily in pre-seed and seed-stage startups across vertical AI, deep tech, healthcare, and biotechnology. The firm backs technically ambitious founders building data-driven and defensible businesses, particularly in the New York and Boston startup ecosystems. 2048 Ventures typically leads funding rounds with investments ranging from $500,000 to $3 million.
Rely Use of Funds
The company will use the funding to expand its engineering team across New York and New England, enhance its AI-powered diligence platform, and strengthen relationships with lenders and servicers.
About Rely
Founded by George Matelich and David LoBosco, Rely is an AI-powered transaction automation platform for the multifamily industry. The company automates due diligence workflows by auditing leases, rent rolls, contracts, and financial documents across entire data rooms, providing fully traceable verification linked to source documents. Headquartered in Portland, Maine, the platform supports lease audits, vendor and utility contract reviews, operational analysis, and financial auditing workflows for multifamily property transactions.
Funding Details
Company: Rely, Inc.
Raised: $4.5M
Round: Seed
Funding Date: May 2026
Lead Investor: 2048 Ventures
Additional Investors: Range Ventures, Better Tomorrow Ventures
Company Website: https://www.tryrely.ai/
Software Category: PropTech / AI Real Estate Analytics / Transaction Diligence
Source: https://www.globenewswire.com/news-release/2026/05/19/3297610/0/en/rely-raises-4-5m-seed-round-to-scale-ai-native-diligence-platform-for-multifamily-real-estate.html