Foxen develops proprietary financial-technology solutions for the multifamily real estate market that automate renters-insurance compliance and offer embedded insurance enrollment tied to property management systems. Its platform provides real-time compliance data, automated enrollment for residents with lapsed coverage, and an embedded lease-signing program to maximize participation. In 2022 Foxen launched Rentistry, a rent-reporting and credit-building program intended to improve residents’ credit scores and provide rent-collection value for properties. The company said units monitored grew more than 240% over the prior twelve months and it views a U.S. addressable market of more than 24 million multifamily units. Foxen plans to use new capital to accelerate product development, expand its product portfolio, and hire across its Columbus, Ohio and Santa Barbara, California operations. Founded in 2018, Foxen emphasizes financial wellness for residents while generating recurring revenue opportunities for property owners and managers.

Total raised

$44M

Funding rounds

1

Latest round

Series A

Latest activity

Jun 2022