Flock, a Denver, CO-based retirement options firm for landlords, raised $20M in Sequence B funding.
The spherical was led by Renegade Companions, with participation from current traders Andreessen Horowitz (a16z), Major Enterprise Companions, Susa Ventures, 1Sharpe Ventures, and others.
The corporate intends to make use of the funds to help its enlargement into new actual property asset lessons, beginning with multifamily and manufactured housing, following early success in single-family leases.
Led by CEO and Founder Ari Rubin, Flock gives actual property house owners with an exit with out compromise. The corporate manages over 860 properties throughout 17 states nationwide, nearing $200 million in whole actual property worth. With at present’s announcement, the platform now provides devoted funds throughout key actual property sectors:
- Flock Houses: Single-family leases
- Flock Multifamily: Multifamily buildings with 5-200 models
- Flock Manufactured Housing: Cellular house communities with 5-500 models
- Flock Storage, Small Bay Industrial, Retail, and extra: Coming quickly
The corporate makes use of the 721 Alternate, a wealth preservation mechanism traditionally reserved for ultra-high internet value traders, to allow on a regular basis landlords to trade their properties for shares in its diversified, professionally managed fund with out triggering capital features taxes. This resolution helps protect money movement and value appreciation whereas avoiding the complications of direct, day-to-day administration.
FinSMEs
13/05/2025
