Total amount raised
$429.7 Million
Latest funding date
02/01/2024
Location
EasyKnock has successfully navigated 11 funding rounds, with the latest being a Series D round. The company has garnered support from 22 investors, including notable names like Northwestern Mutual Future Ventures and Alumni Ventures.
Despite its recent closure, EasyKnock's innovative sale-leaseback solutions have left a significant mark on the financial services and real estate sectors. Keep reading to explore the intricacies of EasyKnock's fundraising journey and the investors backing this platform.
What Is EasyKnock?
EasyKnock was a private company based in New York, New York, specializing in financial services, FinTech, PropTech, and real estate. The company provided innovative sale-leaseback solutions, allowing homeowners to convert their home equity into cash.
Founded with a small team of 1-10 employees, EasyKnock successfully raised funding through 11 rounds, with the latest being a Series D round. Despite its recent closure, the company had a significant impact on the financial services and real estate sectors.
How Much Funding Has EasyKnock Raised?
- Series D
- Amount Raised: USD 28,000,000
- Date: February 2024
- Lead Investors: Northwestern Mutual Future Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To advance the development of EasyKnock's platform and expand its suite of products and solutions.
- Series D
- Date: June 2023
- Lead Investors: Alumni Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing growth and product development.
- Series C
- Amount Raised: USD 57,000,000
- Date: February 2022
- Investor Count: 9
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance product offerings.
- Series C
- Date: August 2021
- Investor Count: 2
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate market expansion and product innovation.
- Series B
- Amount Raised: USD 5,000,000
- Date: August 2020
- Lead Investors: Viola FinTech
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance technological capabilities and expand market reach.
- Series B
- Amount Raised: USD 20,000,000
- Date: June 2020
- Lead Investors: Blumberg Capital, QED Investors
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support product development and market expansion.
- Series A
- Amount Raised: USD 12,000,000
- Date: May 2019
- Lead Investors: Blumberg Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fuel early-stage growth and product development.
- Debt Financing
- Amount Raised: USD 203,000,000
- Date: May 2019
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity for operational expansion.
- Seed
- Amount Raised: USD 3,500,000
- Date: September 2018
- Lead Investors: Montage Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial product and enter the market.
- Debt Financing
- Amount Raised: USD 100,000,000
- Date: September 2018
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support early-stage operations and growth.
EasyKnock has raised a total of USD 428,500,000. The current valuation is not publicly disclosed.
Key Investors
- Northwestern Mutual Future Ventures
- Details: Northwestern Mutual Future Ventures is the venture capital arm of Northwestern Mutual, a financial services company. They focus on early-stage startups developing new financial products and solutions.
- Investment Focus Areas: Financial services, technology, early-stage startups.
- Notable Investments: EasyKnock.
- Alumni Ventures
- Details: Alumni Ventures is a venture capital firm that invests in a broad range of sectors. They typically invest in early-stage and growth-stage companies.
- Investment Focus Areas: Technology, financial services, early-stage startups.
- Notable Investments: EasyKnock.
- Viola FinTech
- Details: Viola FinTech is a cross-stage venture fund that invests in FinTech companies. They aim to bridge the gap between financial institutions and innovative startups.
- Investment Focus Areas: FinTech, financial services, technology.
- Notable Investments: EasyKnock.
- Blumberg Capital
- Details: Blumberg Capital is an early-stage venture capital firm that partners with entrepreneurs to build technology companies. They focus on leading seed and Series A rounds.
- Investment Focus Areas: Technology, FinTech, cybersecurity.
- Notable Investments: EasyKnock, Nutanix, Addepar.
- QED Investors
- Details: QED Investors is a leading venture capital firm focused on investing in early-stage, disruptive financial services companies. They have a strong track record in FinTech.
- Investment Focus Areas: FinTech, financial services, technology.
- Notable Investments: EasyKnock, Credit Karma, SoFi.
What's Next for EasyKnock?
EasyKnock's future is brimming with opportunities, particularly in expanding its platform and product suite. The recent $28 million Series D funding round, backed by Northwestern Mutual Future Ventures, underscores the potential for growth. By integrating acquisitions like Ribbon Home, EasyKnock aims to offer more comprehensive home equity solutions, providing homeowners with financial flexibility and control.
As the demand for alternative financial solutions grows, EasyKnock is well-positioned to attract further investment. The successful Series D round and strategic backing suggest that additional funding rounds are likely, enabling the company to continue its expansion and product development. However, challenges such as competition from other fintech companies and regulatory hurdles in the real estate and financial sectors could pose obstacles.
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