Total amount raised
$429.7 Millions
Latest funding date
02/01/2024
Location
EasyKnock has successfully raised multiple rounds of funding, with the latest being a Series D round. The company offers sale-leaseback solutions that help homeowners convert their home equity into cash.
Keep reading to explore the intricacies of EasyKnock's fundraising journey and the investors backing this innovative platform.
What Is EasyKnock?
EasyKnock, founded on October 15, 2016, is a real estate technology company based in New York, New York. The company was established by Ben Black and Jarred Kessler.
EasyKnock offers sale-leaseback solutions that allow homeowners to convert their home equity into cash without the need for banks or loans. Their primary products include "Sell & Stay" and "MoveAbility."
With a small team of 1-10 employees, EasyKnock has made significant strides in the real estate and financial services sectors, providing homeowners with much-needed financial flexibility.
How Much Funding Has EasyKnock Raised?
- Seed Round
- Amount Raised: $3.5M
- Date: September 2018
- Lead Investors: Montage Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the company's operations and develop its initial product offerings.
- Series A
- Amount Raised: $12M
- Date: May 2019
- Lead Investors: Blumberg Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the company's market reach and enhance its product suite.
- Debt Financing
- Amount Raised: $203M
- Date: May 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity for scaling operations and supporting customer demand.
- Series B
- Amount Raised: $20M
- Date: June 2020
- Lead Investors: Blumberg Capital, QED Investors
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and further develop the company's technology platform.
- Series B
- Amount Raised: $5M
- Date: August 2020
- Lead Investors: Viola FinTech
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue scaling operations and enhance product offerings.
- Series C
- Amount Raised: $57M
- Date: February 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the company's market presence and invest in new product development.
- Series D
- Amount Raised: $28M
- 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.
Total Amount Raised: $328.5M
Current Valuation: Not publicly disclosed
Key Investors
- Northwestern Mutual Future Ventures
- Details: Northwestern Mutual Future Ventures is the corporate venture capital arm of Northwestern Mutual. They focus on investing in early-stage startups that are developing new financial products and solutions to address consumers' evolving needs.
- Investment Focus Areas: Financial services, technology, consumer solutions
- Notable Investments: Not publicly disclosed
- Alumni Ventures
- Details: Alumni Ventures is a venture capital firm that provides individual investors with access to venture capital opportunities. They invest in a wide range of sectors and stages, leveraging their extensive network of alumni from top universities.
- Investment Focus Areas: Technology, healthcare, consumer products
- Notable Investments: Not publicly disclosed
- Viola FinTech
- Details: Viola FinTech is a cross-stage venture fund that invests in fintech companies globally. They aim to bridge the gap between financial institutions and innovative startups.
- Investment Focus Areas: Fintech, financial services, technology
- Notable Investments: Not publicly disclosed
- Blumberg Capital
- Details: Blumberg Capital is an early-stage venture capital firm that partners with passionate entrepreneurs to innovate and build successful technology companies. They have a global presence and a strong focus on early-stage investments.
- Investment Focus Areas: Technology, cybersecurity, fintech
- Notable Investments: Not publicly disclosed
- QED Investors
- Details: QED Investors is a leading venture capital firm focused on investing in early-stage, disruptive financial services companies. They leverage their deep expertise in the financial services sector to support their portfolio companies.
- Investment Focus Areas: Fintech, financial services, technology
- Notable Investments: Not publicly disclosed
What's Next for EasyKnock?
EasyKnock's future looks promising with significant opportunities on the horizon. The company plans to develop its platform further and expand its suite of products, providing consumers with innovative ways to convert home equity into cash. This expansion is bolstered by the recent $28 million Series D funding, indicating substantial growth potential.
Future fundraising opportunities seem likely, given the successful Series D round and backing from prominent investors like Northwestern Mutual Future Ventures. As EasyKnock continues to grow, it may attract additional investments to support its expanding product offerings and market reach.
However, challenges such as competition from other fintech companies, regulatory hurdles, and ensuring customer trust could pose obstacles. Integrating recent acquisitions like Ribbon Home will also be crucial for EasyKnock's continued success.
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