- Specialization
- Not classified
- Business
- Software Applications
- Market
- Real Estate
- Ecosystem
- Applications
- Customers
Small Businessesand 1 more customers valuesLess
- Enterprises
More details
- Organization type
- Commercial Company
- Ecosystem
- Applications
- Business
- Software Applications
- Specialization
- Not classified
- Market
- Real Estate
- Customers
- Small Businesses, Enterprises
- Delivery models
- Hosted Software
- Revenue models
- Usage Based
- Listing status
- Not classified
- Latest equity round
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- Reported funding amount
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About
Propaya builds AI software that instantly abstracts and analyzes commercial leases, producing clause-cited insights, linked schedules, and export-ready data in minutes. It sells to property managers, asset managers, brokers, and other real-estate professionals, differentiating through rapid, accurate review and customizable outputs that reduce manual work and errors.
Market
Propaya competes in the proptech and commercial real estate software market for AI-powered lease abstraction, document review, and lease-data management. Its positioning emphasizes fast, self-service analysis—often within minutes—with clause-level references, document chat, and spreadsheet exports; compared with Prophia’s expert-validation model and Yardi’s deep Voyager integration, Propaya differentiates through lightweight workflow automation and rapid review.
Propaya primarily targets commercial real estate brokerages and other CRE professionals that regularly review or manage property leases, particularly teams needing faster, source-referenced analysis for client work, negotiations, and site or portfolio decisions. It also serves broader lease-management users; the company does not publicly specify a particular company-size segment.
At a Glance
Problem
Commercial lease review and abstraction is a slow, manual, error-prone process. Leases can run dozens of pages and contain complex clauses that property managers, asset managers, brokers, and attorneys must interpret accurately. Propaya cites an average manual cost of about $200 per lease, with four hours spent on the initial review and 10–15 hours across revisions and negotiations; it also says 78% of lease reviews contain erroneous or outdated information. The killer use case is a commercial brokerage or real-estate team that needs to understand a large volume of leases quickly for negotiations, site selection, diligence, compliance, or portfolio management, without having staff spend hours searching through documents.
Product / Service
Propaya is an AI-powered commercial lease abstraction and review platform. Users drag and drop PDF leases, after which the system extracts lease data into structured, searchable summaries, checks important clauses, and provides citations showing where each finding appears in the original document. Users can export results to Word and Excel, use a built-in NER calculator, customize the fields captured, collaborate across teams, organize a lease portfolio, and ask open-ended questions about documents through a conversational interface.
The company offers a software product with custom-built integrations and outputs tailored to customers’ existing workflows, alongside free trials and demo-led business pricing. Propaya’s claimed benefit is to reduce review work from hours to minutes, lower the cost per lease from roughly $200 to $25, improve traceability and accuracy, and let brokers and other professionals spend more time on higher-value activities such as negotiating, touring sites, and advising clients.
Market
Propaya competes in AI commercial real-estate lease abstraction, lease review, and broader PropTech or lease-management software. Its direct and adjacent competitors include Prophia’s AI-powered commercial lease abstraction product, Yardi’s Smart Lease, and MRI Contract Intelligence; manual review, outsourced abstraction services, and general-purpose document-AI tools are additional substitutes. Propaya differentiates itself around fast, clause-cited outputs, configurable fields, exports, collaboration, portfolio organization, and workflow customization for commercial brokerages and other real-estate professionals.
The company is an early-stage, active YC Summer 2024 startup. Its website reports more than 10,000 leases abstracted and more than 100,000 hours saved, while a LinkedIn company update reports that it has processed more than 15,000 leases. Funding records identify a $500,000 2024 pre-seed round, and PitchBook reports $550,000 raised overall. The available evidence demonstrates product usage and customer testimonials, but does not disclose revenue, so Propaya’s revenue status cannot be established from the public sources reviewed.
Founders & Leadership
Funding History
Y Combinator
Recent News
A Y Combinator launch listing described Propaya’s property-management platform as launched and available. It says the platform automates routine tasks, provides real-time insights, and reduces administrative work for property managers.
Y Combinator’s housing and real estate startup directory describes Propaya as using AI to abstract and analyze commercial leases, producing clause-cited insights, linked schedules, and export-ready data in minutes.
StartupMafia highlighted Propaya’s focus on commercial real estate’s lease-abstraction and analysis workflow, describing its AI engine as extracting and structuring lease information.
GetLatka reported estimated 2025 revenue of $660K ARR and a $2M valuation for Propaya. The profile also listed six employees and identified the company as founded in 2024.
Active Roles
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Get notified when they postBusiness Model
Propaya charges per lease for its AI lease-review service, with the features page listing $25 per lease. It also sells custom-built solutions priced according to each customer's needs.