P

Picket

Tech-driven rental property investment platform

Overview

Picket Homes provides a digital platform that helps people and businesses find, buy, manage, and sell rental properties by using data science and automated underwriting to evaluate listings against user criteria. The platform offers tools for market comparison, cash-flow analysis, and offer management, and it works with local real estate agents for on-the-ground support; for larger portfolios, it provides end-to-end property management. It differentiates itself by combining automated investment analysis, integrated property-management tools, agent collaboration, and a commitment to accessibility in a single platform focused on rental properties and investors. Its goal is to simplify rental-property ownership and investment decisions with a comprehensive, data-driven platform suitable for investors of all sizes.

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About Picket

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

Industries

Data & AnalyticsEnterprise SoftwareReal Estate

Company Size

11-50

Company Stage

Series B

Total Funding

$20M

Headquarters

Seattle, WA

Founded

2019

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Simplify's take

What believers are saying

  • Picket still advertised Free, Pro, and Enterprise subscriptions in January 2026.
  • The platform's 2026 product pages signal ongoing commercial usage and buyer interest.
  • Its 2023 Series B gave management capital to rebuild around software and enterprise tools.

What critics are saying

  • Evernest acquired Picket's property management division in November 2025, shrinking revenue.
  • Indeed reviews in January 2026 describe Picket shuttering the PM division.
  • If software margins cannot replace service revenue, Picket faces an existential pivot risk.

What makes Picket unique

  • Picket focuses on single-family rental investing, not broad-market property software.
  • Its platform combines acquisition, underwriting, management, and resident experience in one stack.
  • It marketed 50 million properties across 25 rental markets, giving rare data breadth.

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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
$45M
$65M
$100M

Growth & Insights and Company News

6 month growth

0%

1 year growth

-2%

2 year growth

0%
Business Wire
Sep 18th, 2026
LL Funds Leads Picket‘s $20M Series B Round of Investment

Picket, the leading full-service investment platform for single-family rental (SFR) real estate investors, announces its Series B capital raise.

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

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