Knock Funding, Investors & Competitors
Knock has raised $505M across 4 funding rounds, most recently a $70M undisclosed-stage round in March 2022.
Last Knock funding round
$70M
Undisclosed stage · Mar 2022
Cumulative funding Knock raised
$505M
across 4 funding rounds
Key investors in Knock
FJ Labs
RRE Ventures
Company Ventures
Corazon Capital
Greycroft
Great Oaks Venture Capital
Correlation Ventures
Foundry Group
About Knock
Knock is a data-driven home transaction platform operating at knock.com. New York-headquartered, it provides buy-before-you-sell options, bridging services, and tech-enabled listings to simplify real estate moves for homeowners.
Founded
2015
HQ
New York City, NYWebsite
Status
Privately held
Customer focus
B2C
Revenue model
Services
Sectors
Knock Funding History
Knock has raised a total of $505M across 4 funding rounds.
Knock's first fundraising round was a $2M seed round in May 2016. The most recent completed round was a $70M undisclosed-stage round in March 2022.
Knock funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Mar 2022 | Undisclosed stage | Foundry Group (lead); Parker89; National Association of REALTORS; RRE Ventures; Second Century Ventures; Greycroft; TriplePoint Ventures; Mauricio Umansky; Company Ventures; M. Night Shyamalan | $70M | Knock is a fintech company founded in 2015 that pioneered the 'Buy Before You Sell' category, offering services like Home Swap and Knock GO to enable homebuyers to purchase new homes before selling their current ones through bridge financing and payments platforms. It positions itself as a power buyer alternative, helping consumers compete with cash offers in competitive markets, and partners with real estate agents and the industry. On March 15, 2022, Knock announced a $220 million funding round comprising $70 million in equity led by Foundry Group and $150 million in new debt, with participation from existing investors like RRE Ventures and First American Financial, and new investors including the National Association of Realtors, M. Night Shyamalan, Mauricio Umansky, Greycroft, and others. The funds aimed to scale offerings, expand into 15 new markets (reaching 75 total), enhance technology, and put the company on a path to profitability by year-end, amid layoffs of about 46% of its workforce (around 115 employees) after canceling IPO plans due to market conditions. Knock had previously raised significant capital, including a $400 million Series B in January 2019 led by Foundry Group and a $32.5 million Series A in 2017 led by RRE Ventures, bringing total funding to approximately $652.5M-$654.5M across rounds by early 2022. In the prior year, it targeted a $2 billion valuation for an IPO via SPAC but shifted to private funding as SPAC enthusiasm waned. Traction included double- and triple-digit growth in transactions, revenue, and gross profit over the last 12 months before March 2022, expanding from 14 to 70 markets nationwide, plus five more around Seattle. Knock focused on operational rightsizing post-funding to achieve profitability. |
| Jan 2019 | Series B | Foundry Group (lead); RRE Ventures; FJ Labs; Corazon Capital; Company Ventures | $400M | Knock is a New York-based proptech startup founded in 2015 by Trulia alumni Sean Black and Jamie Glenn, offering a home trade-in platform that allows consumers to buy a new home before selling their current one, simplifying simultaneous buying and selling in real estate. The company operates as an iBuyer competitor to Opendoor, active in markets like Atlanta, Charlotte, Raleigh-Durham, Dallas, and Fort Worth as of early 2019, with plans to expand to Phoenix and four more cities that year. On January 15, 2019, Knock raised $400 million in a Series B round combining significant equity and debt, led by Foundry Group with participation from Company Ventures, RRE Ventures, Corazon Capital, FJ Labs, and WTI. Foundry Group's Seth Levine joined the board. The funding aimed to accelerate national expansion, double headcount from 100 to 200 employees (with a focus on engineering, product, and data science teams), and enhance technology for its marketplace solution. Knock emphasized making home trade-ins as easy as trading in a car, addressing the 71% of consumers buying and selling simultaneously. This brought total capital raised to over $600 million including prior debt and a $32 million Series A in January 2017 led by RRE Ventures. The debt portion specifically supported buying more customer homes cost-effectively. Later developments included a $70M venture round in March 2022 led by Foundry Group, a $220M raise, and a $2B valuation via Goldman Sachs-backed SPAC plans that were canceled. |
| Jan 2017 | Series A | RRE Ventures (lead); Redpoint; FJ Labs; Greycroft; Corazon Capital; Great Oaks Venture Capital; Company Ventures; Correlation Ventures | $33M | Knock is a real estate technology company founded by former Trulia team members, offering an online Home Trade-in platform that enables consumers to buy a new home before selling their current one, using data science for accurate pricing, efficient sales technology, and local experts for guidance. The Series A round in January 2017 raised $32.5 million led by RRE Ventures, with participation from Corazon Capital, Redpoint, Greycroft, Correlation Ventures, Great Oaks Venture Capital, and FJ Labs, aimed at scaling operations and expanding into new markets. This followed a $2 million seed round in May 2016 to develop the initial product and enter the market. By the time of the later Series B in January 2019, which raised $400 million led by Foundry Group, Knock had launched in five markets including Atlanta, Charlotte, Raleigh-Durham, Dallas, and Fort Worth, growing its headcount to 100 full-time employees across 15 states with a strong engineering, product, and data science focus comprising one-third of the team. The company positioned itself as a marketplace solution addressing simultaneous home buying and selling needs for 71% of consumers. Total equity and debt raised exceeded $600 million by early 2019. Subsequent funding included a $70 million venture round and $150 million debt financing in March 2022 led by Foundry Group to support expansion and liquidity, bringing total raised to $654.5 million across multiple rounds. |
| May 2016 | Seed | CSC Upshot; Max Ventures; FJ Labs; Corazon Capital; Great Oaks Venture Capital; Correlation Ventures | $2M | - |
Who has invested in Knock?
17 investors have backed Knock across its funding rounds, including FJ Labs, RRE Ventures, Company Ventures, Corazon Capital, Greycroft and Great Oaks Venture Capital.
Lead investors include Foundry Group and RRE Ventures.
Knock Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| New York City, NY | 3 | Lead | Jan 2017 | |
| New York City, NY | 3 | Participant | May 2016 | |
| Chicago, IL | 3 | Participant | May 2016 | |
| New York City, NY | 3 | Participant | Jan 2017 | |
| New York City, NY | 2 | Participant | Jan 2017 | |
| Boulder, CO | 2 | Lead | Jan 2019 | |
| New York City, NY | 2 | Participant | May 2016 | |
| San Diego, CA | 2 | Participant | May 2016 | |
| Los Angeles, CA | 1 | Participant | Mar 2022 | |
| Chicago, IL | 1 | Participant | Mar 2022 | |
| San Francisco, CA | 1 | Participant | May 2016 | |
| San Francisco, CA | 1 | Participant | Jan 2017 | |
| New York City, NY | 1 | Participant | May 2016 | |
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialKnock Competitors
Knock competitors include listed companies like KE Holdings, CoStar Group, Compass and Zillow, and private ones like Lianjia and Loft.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
 China | Publicly listed | $14B | $734M | $18B | 1.0x | |
| United States | Publicly listed | $3.2B | $183M | $12B | 3.3x | |
| United States | Publicly listed | $7B | $55M | $8B | - | |
| United States | Publicly listed | $2.6B | $315M | $6.8B | 2.3x | |
| Beijing | Private | - | - | $6B | - | |
 São Paulo | Private | - | - | $2.9B | - |
Knock Public Comps
Knock is still privately-owned, but its public comps include CBRE, Sumitomo Realty & Development, KE Holdings, Swire Properties, Vonovia, JLL, Swiss Prime Site, CoStar Group, Plaza and PSP Swiss Property.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $41B | $2.5B | 1.2x | 1.1x | 19.8x | 13.6x | |||
| $6.8B | $2.6B | 6.5x | 6.6x | 17.0x | 18.0x | |||
| $14B | $734M | 0.9x | 1.0x | 17.7x | 10.6x | |||
| $2B | $152M | 11.2x | 9.9x | 150.4x | 19.1x | |||
| $6.1B | $4.4B | 11.3x | 17.4x | 15.7x | 21.6x | |||
| $26B | $1.3B | 0.7x | 0.7x | 13.7x | 11.1x | |||
| $672M | $499M | 29.4x | 32.2x | 39.6x | 32.8x | |||
| $3.2B | $183M | 3.6x | 3.3x | 64.6x | 16.8x | |||
This data is available for Pro users. Sign up to see all Knock competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Knock
| When was Knock founded? | Knock was founded in 2015. |
| Where is Knock headquartered? | Knock is headquartered in New York City, NY, United States. |
| Is Knock publicly listed? | No, Knock is a private, VC-backed company. |
| How much funding has Knock raised? | Knock has raised $505M across 4 funding rounds. |
| What was Knock's last funding round? | Knock's last funding round was a $70M undisclosed-stage round in March 2022, led by Foundry Group. |
| Who are Knock's investors? | Knock's investors include RRE Ventures, FJ Labs, Corazon Capital, Company Ventures, Greycroft, Foundry Group, Great Oaks Venture Capital, Correlation Ventures, Parker89, National Association of REALTORS and 7 others. |
| Which companies are comparable to Knock? | Companies comparable to Knock include KE Holdings, CoStar Group, Compass, Zillow, Lianjia and Loft. |
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