How Much Did Knock Raise? Funding & Key Investors

Knock has successfully raised funding through multiple rounds, including a recent debt financing round. The platform offers innovative home-buying and selling solutions, leveraging data science and technology to streamline the process.

Keep reading to explore the intricacies of Knock's fundraising journey and the investors backing this transformative platform.

What Is Knock?

Knock, founded in 2015 by Jamie Glenn, Karan Sakhuja, and Sean Black, is a tech-enabled company based in New York, New York. The company specializes in lending solutions for homeownership, leveraging data science and technology to streamline the home-buying and selling process.

Knock offers a unique bridge loan product that allows homeowners to use the equity in their current home to purchase a new one before selling the old property. This innovative approach provides convenience, certainty, and competitiveness in the real estate market.

With a dedicated team of 11-50 employees, Knock continues to simplify the journey between homes, making the process more efficient and less stressful for homeowners.

How Much Funding Has Knock Raised?

1. Seed Round
   • Amount Raised: $2M
   • Date: May 2016
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To develop the initial product and enter the market.
2. Series A
   • Amount Raised: $32.5M
   • Date: January 2017
   • Lead Investors: RRE Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To scale operations and expand into new markets.
3. Series B
   • Amount Raised: $400M
   • Date: January 2019
   • Lead Investors: Foundry Group
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To enhance technology and increase market penetration.
4. Venture Round
   • Amount Raised: Not publicly disclosed
   • Date: April 2021
   • Lead Investors: Second Century Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support ongoing growth and product development.
5. Venture Round
   • Amount Raised: $70M
   • Date: March 2022
   • Lead Investors: Foundry Group
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To continue expansion and enhance service offerings.
6. Debt Financing
   • Amount Raised: $150M
   • Date: March 2022
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support liquidity and operational needs.

Total Amount Raised: $654.5M. Current Valuation: Not publicly disclosed.

Key Investors

• Foundry Group
  • Details: Foundry Group is a venture capital firm based in Boulder, Colorado. They focus on investing in early-stage technology companies.
  • Investment Focus Areas: Technology, data, industry relationships.
  • Notable Investments: Fitbit, SendGrid, Zynga.
• RRE Ventures
  • Details: RRE Ventures is a venture capital firm that invests in early-stage companies across various sectors. They are based in New York City.
  • Investment Focus Areas: Technology, media, financial services.
  • Notable Investments: BuzzFeed, Venmo, SpaceX.
• First American Financial
  • Details: First American Financial Corporation provides title insurance and settlement services for real estate transactions. They are headquartered in Santa Ana, California.
  • Investment Focus Areas: Real estate, financial services.
  • Notable Investments: Various real estate and financial technology companies.
• National Association of Realtors
  • Details: The National Association of Realtors is a trade association representing real estate professionals in the United States. They are headquartered in Chicago, Illinois.
  • Investment Focus Areas: Real estate industry, related technologies.
  • Notable Investments: Various real estate technology platforms.
• Second Century Ventures
  • Details: Second Century Ventures is the strategic investment arm of the National Association of Realtors. They focus on advancing innovation in the real estate industry.
  • Investment Focus Areas: Real estate technology, financial services, property management.
  • Notable Investments: DocuSign, SentriLock, HouseCanary.

What's Next for Knock?

Knock's recent $220 million funding round opens up significant opportunities for expansion and innovation. With a presence in 75 markets, the company is well-positioned to capitalize on the growing demand for flexible home-buying solutions. The new capital will enable Knock to enhance its Home Swap™ and Knock GO™ services, making them more accessible to a broader audience.

Future fundraising opportunities appear promising, given the high-profile investors involved. Knock may pursue additional rounds to support its aggressive growth strategy. However, challenges such as market volatility and competition from other real estate tech companies could pose hurdles. Despite these challenges, Knock's innovative approach and strong investor backing suggest a bright future ahead.

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