Startup profile · funding coverage
Flock Homes funding, valuation and investors
721-exchange platform letting landlords swap rentals for shares in a managed portfolio.
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Funding, valuation & investors
Answer-first snapshotLatest funding
Series B
$20M · May 2025
Latest known valuation
Not publicly disclosed
Total disclosed equity funding
$46M
Excludes debt, grants, acquisitions, secondaries, and IPO proceeds.
Current status
private
series b
Investors in latest funding
Lead: Renegade Partners
Other: Andreessen Horowitz , Primary Venture Partners , Susa Ventures , Box Group
Overview
Flock Homes lets rental property owners contribute single-family homes into a managed portfolio via 721 exchanges, receiving shares in a diversified real-estate fund while deferring capital gains taxes and exiting day-to-day landlord operations.
Why Flock Homes is interesting
Flock lets small landlords exit operations tax-deferred via 721 exchanges — Primary, Susa, and BoxGroup backed alongside a16z through Series B (2025).
Product & use cases
721-exchange platform letting rental property owners swap single-family homes for shares in a managed portfolio.
- Tax-deferred exit from landlord operations via 721 exchanges
- Single-family rental portfolio diversification
- Passive real estate income without property management
Key facts
- Series B (May 2025): $20M led by Renegade; a16z (/fund/andreessen-horowitz), Primary (/fund/primary-venture-partners), Susa (/fund/susa-ventures), BoxGroup (/fund/box-group) re-upped (company blog)
- Series A (Mar 2022): $26M led by a16z (company blog)
- Product: 721-exchange platform for landlords to swap rentals for portfolio shares
Funding history (newest first)
Series B
2025-05 $20MInvestors in our directory
Funds linked from Flock Homes's profile — open a fund page for stage focus and related deal articles.
Competitive landscape
Edge: 721-exchange structure for small landlords — tax-deferred exit unique in proptech/fintech.
Small landlords face tax friction when selling rentals. Flock's 721-exchange model is a novel fintech/proptech wedge — a16z led Series A ($26M, 2022) and re-upped in Series B ($20M, 2025).
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Roofstock direct
Single-family rental marketplace; Flock offers 721 exchange model.
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Traditional property sales incumbent
Taxable sale vs tax-deferred exchange.
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REITs adjacent
Public real estate exposure; Flock targets individual landlords.
Notable stories
- Flock's 721-exchange model lets landlords defer capital gains while exiting day-to-day property management (company blog).
Industries
Related funding articles
Venture Capital Tracker pieces that cover Flock Homes's financing or category context.
FAQs about Flock Homes
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