Overview

Foxen provides financial solutions tailored for the real estate industry, specifically targeting property managers, owners, and residents. The company integrates its services with existing property management software to offer real-time data and automated enrollment, which helps increase participation in programs without adding extra work for property staff. Foxen's main revenue comes from its solutions, which are provided at no cost to property owners, ultimately enhancing the value of their assets. Key offerings include comprehensive management of renters' insurance, covering everything from enrollment to compliance and claims, as well as a product called Rentistry that enrolls residents and shares their rental payment history with credit bureaus. Founded in 2018 and based in Columbus, Ohio, Foxen combines expertise in technology, insurance, finance, and property management to improve outdated processes and promote financial wellness for residents.

Simplify's Take

What believers are saying

• AI-driven predictive analytics can enhance Foxen's risk management software accuracy.
• Blockchain technology offers secure, transparent insurance verification opportunities for Foxen.
• Smart home technology integration can expand Foxen's data collection and automation capabilities.

What critics are saying

• Emerging proptech startups could dilute Foxen's market share with similar solutions.
• Rising interest rates may reduce demand for Foxen's property management solutions.
• Data privacy regulations could complicate Foxen's real-time data integration processes.

What makes Foxen unique

• Foxen integrates with existing property management software for seamless real-time data access.
• Foxen offers renters' insurance management, from enrollment to claims, at no cost to owners.
• Rentistry transmits rental payment history to credit bureaus, enhancing residents' financial profiles.

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Funding

Total Funding

$44M

Above

Industry Average

Funded Over

1 Rounds

$44,000,000

Series A

Jun 2022

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.

Series A Funding Comparison

Above Average

Industry standards

Ind Avg. $15M

$3.7M

$5M

$8.2M

$15M

$30M

$44M