What does Flock do?
Flock provides retirement solutions for landlords by enabling them to exchange their properties for shares in a diversified, professionally managed fund using the 721 Exchange, which helps avoid capital gains taxes and preserves cash flow.
How much did they raise?
The company raised $20M in a Series B round led by Renegade Partners with participation from distinguished investors including Andreessen Horowitz, Primary Venture Partners, Susa Ventures, and 1Sharpe Ventures.
What are their plans for the money?
With the new funds, Flock plans to expand its offerings from its successful single-family rental model into additional real estate asset classes such as multifamily and manufactured housing, which could further democratize access to sophisticated retirement solutions for everyday landlords.
What have they achieved so far?
Flock has already demonstrated strong market traction by managing over 860 homes across 17 states with nearly $200 million in total real estate value, establishing its credibility in the sector.
