Real Estate Tech Company Knock Raises $400 Million Series B
Knock, the creator of the proprietary technology behind its Home Trade-In platform, acquired $400 million in a Series B equity and debt financing round led by Foundry Group, with participation from existing investors RRE Ventures, Corazon Capital, WTI, and FJ Labs, and new investor Company Ventures. Foundry Group partner Seth Levine also joined Knock’s board of directors.
Knock experienced rapid growth—100 full-time employees distributed across 15 states—since launching in five markets: Atlanta, Georgia, Charlotte, North Carolina, Raleigh-Durham, North Carolina, Dallas, Texas, and Fort Worth, Texas. Its engineering, product, and data science team comprises one-third of the company’s employee base, demonstrating its commitment to developing a truly technology-centric solution.
Knock plans to use the funds to continue its nationwide expansion and accelerate development of its Home Trade-In platform technology.