EasyKnock, a technology-powered institutionalised residential sale-leaseback company, has bagged $20m in a new funding round.
The investment was co-led by Blumberg Capital and QED Investors, with contributions also coming from FJ Labs, Correlation, Moderne, 7BC and Interplay.
Having secured the capital infusion, EasyKnowck will enhance its technologies while boosting product offerings and increasing its team size.
EasyKnock aims to give homeowners new ways to monetise their equity immediately by leveraging an AI-powered qualification and underwriting engine to identify suitable customers and close the sale within 30 days, it claims.
Blumberg Capital founder and managing partner David Blumberg said, “We still believe in the American Dream. During this downturn when many banks and i-buyers are hesitant or backing away from the residential housing market, we are doubling down to invest with American families.
“EasyKnock pioneered and continues to lead the emerging residential sale-leaseback category, which enables homeowners to sell and stay as tenants in their own home. We believe in EasyKnock’s mission to use AI and data analytics to provide American homeowners with needed financial flexibility.”
The PropTech platform previously closed $3.5m in its seed round back in 2018 from Montage Ventures, Crestar Partners and Blumberg Capital. In addition to the capital, the company received $100m in debt financing.
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