Picket

Digital platform for rental property management

Seattle, Washington, United States

About Picket

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.

Seattle, WashingtonHeadquarters
2019Year Founded
$19.5MTotal Funding
SERIES_BCompany Stage
Data & Analytics, Real EstateIndustries
51-200Employees

Risks

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.

Differentiation

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.

Upsides

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.

Funding

Total raised$19.45 M
Latest valuation$100.00 M
StageSERIES_B
SERIES B
5/31/2023
$20
$100.00 M