Knock, a mobile platform that aims to help homebuyers easily get the home they want, has scored $220m in a funding round.
The round was led by Foundry Group, with commitments also coming from Greycroft. Many of Knock’s existing investors also joined the round, including RRE, First American Financial’s venture arm Parker89, Company Ventures, Second Century Ventures, as well as filmmaker and actor M. Night Shyamalan.
Since it was founded in 2015, the company has raised a total of $900m in debt and equity.
Knock supplies homebuyers and agents with financing solutions in a transparent and convenient mobile app. Its Knock Home Swap service helps existing homeowners have access to 100% of the money needed to buy their new home before selling their old one.
The Knock Go service is designed to give first-time buyers to make an offer that’s competitive with cash by providing sellers with the certainty of a guaranteed, on-time closing.
Knock co-founder and CEO Sean Black said, “Knock’s technology and financing innovation is revolutionizing the home buying and selling experience by transforming what has historically been a stressful and complicated process into one that is more certain, transparent and convenient.
“We are grateful for the confidence our newest and existing investors have shown in our business and the opportunity before us. We believe this underscores the fact that our platform is now more important than ever as homebuyers struggle to compete with cash buyers and are increasingly embracing new ways to buy and sell homes. We are excited to add Ian and Dave to our board. Both bring successful track records of helping to scale fintech and other software companies and their guidance will be invaluable.”
In line with the deal, Greycroft co-founder and managing partner Ian Sigalow and Second Century Ventures managing partner David Garland will join the Knock board of directors.
The company previously raised $220m in a funding round in March 2022. It was comprised of $70m in equity and $150m in debt.
Earlier this week, fellow PropTech platform Foxen scored $44m in its Series A funding round. The company offers insurance and financial services to property owners, managers and residents.
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