EasyKnock, a NYC-based institutionalized residential sale leaseback company, raised $215m in debt and Series A equity funding round.
The Series A included $12m in equity led by existing investor Blumberg Capital, joined by new investors Correlation Ventures, 500 Startups and Rubicon Ventures and existing investors Montage Ventures, Kairos and FJ Labs.
The funding follows a $103.5m debt-equity round that EasyKnock raised last year.
The funding will enable the company to expand its current products and launch MoveAbility.
Co-founded in 2016 by Jarred Kessler and Benjamin Black, EasyKnock is an institutionalized sale leaseback prop-tech platform.
With MoveAbility, EasyKnock purchases the home, offering a sum of cash. The homeowner-turned tenant can stay in the home as a renter for three to 18 months, while they look for a new home to buy, and use that money for the down payment.
The launch of MoveAbility follows the launch of the Sell and Stay program, which enables homeowners to sell their home and remain in the residence as renters with the option to repurchase or move at any time during a five-year lease.
Both Sell and Stay and Moveability are currently available in 25 states.
FinSMEs
10/05/2019