The round was led by Renegade Partners, with participation from existing investors Andreessen Horowitz (a16z), Primary Venture Partners, Susa Ventures, 1Sharpe Ventures, and others. The funding will support Flock's expansion into new real estate asset classes, starting with multifamily and manufactured housing, following early success in single-family rentals.

Flock helps real estate owners exit active property management while maintaining exposure to income and appreciation through a diversified, professionally managed platform. By leveraging the 721 Exchange, owners can defer capital gains taxes and exchange properties for shares of diversified funds across various asset classes, including single-family homes, multifamily units, manufactured housing, and more.