Picket, a Nashville, Tennessee-based provider of integrated technology and services for residential real estate investing, management, and resident experience, raised $20M in Series B funding.
The round was led by LL Funds with participation from RET Ventures.
The company intends to use the funds to accelerate innovation and expand technology-enabled services for investors and rental home residents.
Led by CEO Quinten “Q” Shay, Picket is a provider of a single-family rental (“SFR”) platform for investors and rental home residents. Proprietary technology and integrated services enable investors to efficiently deploy capital into the single-family rental sector across multiple markets, and manage homes.
The investing platform analyzes supply and demand dynamics in more than 25 rental markets nationwide and automatically evaluates the investment potential of more than 50 million single-family properties. Properties are ranked according to investor criteria, and each on-demand investment analysis includes rental and sale valuations, modeled expenses and returns, and neighborhood-level data (including school scores, crime rates, population growth, and income growth). Backed by proprietary workflow automation technology, Picket’s realty and property management teams support the entire lifecycle of single-family rental assets to improve operating income for investors and quality of life for rental residents.
Through its investing platform, Picket enables clients to invest more than $270 million in single-family rentals last year.
FinSMEs
21/06/2023