Picket

Picket

Tech-driven rental property investment platform

Overview

Picket Homes provides a tech-enabled platform to find, buy, manage, and sell rental properties for individuals and businesses, from small investors to large portfolios. It uses data science and automated underwriting to evaluate listings against user criteria and offers tools for market comparison, cash-flow analysis, and offer management, with on-ground support from local agents and end-to-end management for larger portfolios. The platform combines automated investment analysis, integrated property-management tools, agent collaboration, and a focus on accessibility to stand out in the rental-property market. Its goal is to simplify rental-property ownership and investment decisions with a comprehensive, accessible, data-driven platform.

About Picket

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

Industries

Data & Analytics

Enterprise Software

Real Estate

Company Size

11-50

Company Stage

Series B

Total Funding

$20M

Headquarters

Seattle, Washington

Founded

2019

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Simplify's Take

What believers are saying

  • Facilitated $270 million in single-family rental investments last year.
  • Grew to over 100 employees after $20M Series B led by LL Funds.
  • Expanding from institutional to individual investors in new regions.

What critics are saying

  • Evernest acquired Picket's Elara property management division in December 2024.
  • Roofstock erodes market share with live inventory and faster transactions.
  • Zillow's AI tools outpace Picket's database using massive MLS data.

What makes Picket unique

  • Picket's platform analyzes 50 million US single-family properties across 25 markets.
  • Machine-trained models forecast sale values, expenses, cash flow, and appreciation.
  • Integrated services cover investing, acquisition, management, and resident experience.

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Funding

Total Funding

$20M

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

-5%

1 year growth

-2%

2 year growth

4%
Teknovation.biz
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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