Boston-based real estate startup, Knox Financial, raises Series A investment

Rental property and real estate startup, Knox Financial, raises $10 million in a new investment round for its digital platform.

The startup provides users a resource to more easily turn a home into a rental property via its platform called “Frictionless Ownership.” The startup provides landlords with a variety of services including actual work on the property, insurance options, finances and taxes and the legal aspects, among others.

The platform also provides tracking abilities for properties financial, among other aspects, using its own algorithms.

“We save investors a lot and almost always make their portfolios more profitable,” Co-Founder at Knox Financial, David Friedman said to TechCrunch. “If someone is moving or upsizing, we can turn properties into incredible ROI generators or cash flow.”

Boston-based Knox Financial was founded in June 2018 by Friedman and Spencer Taylor. The startup will use the new Series A funding round to grow its customer base, as well as expand its presence. The company is currently available in seven states across the United States.

“When a dollar of rent moves through our system, we keep a dime,” Friedman said, as reported by TechCrunch. “We align our interests with our customers. If there’s no rent coming in, we’re not making money. Or if a tenant doesn’t pay rent, we don’t make money.”

Investors in the current round include G20 Ventures, Greycroft, Pillar VC, 2LVC and Gaingels.

(Picture courtesy: Knox Financial)

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