Re-Leased, an Auckland-based property management software company, secured US$12.5M in funding.

The round was led by Movac, with participation from Icehouse Ventures and existing investors.

The funds will support Re-Leased's expansion in the UK and US markets.

Re-Leased leverages Credia AI to manage tenant, lease, and accounts info for over 1,400 customers across 350,000 leases globally.