Picket

Picket

Digital platform for rental property management

About Picket

Simplify's Rating
Why Picket is rated
B+
Rated B on Competitive Edge
Rated B on Growth Potential
Rated A on Rating Differentiation

Industries

Data & Analytics

Real Estate

Company Size

51-200

Company Stage

Series B

Total Funding

$19.5M

Headquarters

Seattle, Washington

Founded

2019

Overview

Picket Homes operates in the real estate market by providing a digital platform that helps individuals and businesses find, buy, manage, and sell rental properties. The platform uses data science and automated underwriting to analyze property listings based on user-defined criteria, making it easier for clients to identify investment opportunities that fit their strategies. Picket Homes offers a user-friendly suite of tools for rental property management, including market comparison, cash flow analysis, and offer management. They also work with local real estate agents to provide support and offer end-to-end property management services for larger portfolios. The company generates revenue through enterprise plans that give access to advanced tools and likely earns commissions from transactions on its platform. Picket Homes aims to simplify the rental property management process and ensure digital accessibility for all users.

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Significant Headcount Growth
Simplify Jobs

Simplify's Take

What believers are saying

  • Raised $20 million in Series B funding to enhance platform development.
  • Increased demand for rental properties due to remote work trends.
  • Adoption of AI-driven tools enhances operational efficiency and tenant satisfaction.

What critics are saying

  • Emerging proptech startups increase competition in digital real estate platforms.
  • Rising interest rates may deter potential real estate investors.
  • Potential regulatory changes could require costly platform adjustments.

What makes Picket unique

  • Picket Homes uses advanced data science for property analysis and investment strategy alignment.
  • The platform offers end-to-end property management services for large portfolios.
  • Picket Homes ensures digital accessibility for users with disabilities.

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Funding

Total Funding

$19.5M

Below

Industry Average

Funded Over

1 Rounds

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Below Average

Industry standards

$35M
$30M
Patreon
$45M
Linktree
$65M
Substack
$100M
ClickUp

Growth & Insights and Company News

Headcount

6 month growth

↑ 16%

1 year growth

↑ 15%

2 year growth

↑ 12%
Teknovation
Jun 25th, 2023
News & Notes | Opportunities Abound

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Global Fintech Series
Jun 23rd, 2023
LL Funds Leads Picket‘s $20 Million Series B Round of Investment

Picket, the leading provider of integrated technology and services for residential real estate investing, management, and resident experience, announced $20 million in Series B financing led by LL Funds.

Finsmes
Jun 21st, 2023
Picket Raises $20M in Series B Financing

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.

GeekWire
Jun 20th, 2023
Real Estate Investment And Property Management Platform Picket Lands $20M

Picket Homes, led by CEO Quinten “Q” Shay, raised $20 million in its Series B funding round. (Picket Homes Photo). The News: Seattle startup Picket Homes raised $20 million to boost development of its platform that helps investors analyze, purchase and manage single-family rental properties. The Product: Picket Homes’ platform features more than 50 million US single-family properties in 25 rental markets. Using machine-trained models and data, it helps investors sift through real estate property listings. The platform provides reports that forecast sale/rental values, expenses, cash flow, and long-term asset appreciation

Finsmes
Apr 18th, 2022
Picket Homes Raises Series A Funding

Picket Homes, Inc., a Seattle, WA-based technology company focused on residential real estate investing, management, and resident experience, raised its Series A funding of undisclosed amount. RET Ventures led the round. John Helm, partner of RET Ventures, has joined the Picket board of directors. The company intends to use the funds to accelerate the growth of [] The post Picket Homes Raises Series A Funding appeared first on FinSMEs.

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