Cortas, a Copenhagen property management company that runs on its own software, has raised DKK 11m (about €1.47m, or $1.6m). The company announced the funding and its launch on 27 October 2026.
Its backers are PSV, JRNY Capital and founders of the Danish companies Spirii and Flatpay, according to the company. Øresund Startup News, which described the round as a pre-seed, reported that Christian Dalsgaard led the investment for PSV and that the Danish state investment fund EIFO also took part. The valuation was not disclosed.
“We don't think property management becomes fundamentally different just because you put a chatbot on top of old workflows.”Christian Pind Schmidt, co-founder and CEO, Cortas (to Øresund Startup News)
What Cortas does
Cortas manages properties for institutional real estate owners. Property management covers tenant communication, property accounting and coordinating outside contractors, work the company says is often manual, dependent on key staff and prone to errors.
Its software handles tasks that follow clear rules but take time, such as financial controlling, updating data and sorting tenant requests. That leaves its property managers to deal with tenant relationships, commercial decisions and risk assessments. The company stresses that it is not another software product sold to property managers but a property manager in its own right.
Øresund Startup News reported that property management and the software behind it are usually supplied by separate companies, and that Cortas aims to bring them under one roof. The company describes itself as AI-native, though co-founder and chief executive Christian Pind Schmidt cautioned against technology for its own sake.
Pind Schmidt told Øresund Startup News that the opportunity lies in rethinking how property management work is organised and carried out, which in practice means building software in-house and testing new approaches every day.
Founders and market
Cortas was founded by Pind Schmidt and Frederik Buchardt. Both previously worked at the Danish real estate investor Thylander Group, according to Øresund Startup News, which reported that since June the pair have launched the company, built its software, signed their first property investor customers and closed the round.
The company is targeting a Danish market that Øresund Startup News put at roughly €270m to €400m. Established providers DEAS, Newsec and CEJ together hold more than a third of it.
Dalsgaard said Cortas would not be the only company trying to rethink property management, but that PSV backed the founders for their drive and their experience on the property investor's side.
What the money is for
Cortas will use the funding to develop its technology further, hire more staff and establish itself as an alternative to the large property managers, according to Øresund Startup News. The company says it is taking on new clients and recruiting.
The amount was announced in Danish kroner; the conversion to euros and dollars uses the European Central Bank's reference rates for late October 2026.
Company website: cortas.dk