Knock, an online home trade-in platform provider, closed $400m in Series B equity and debt financing.
The round was led by Foundry Group with participation from existing investors RRE Ventures, Corazon Capital, WTI, and FJ Labs, and new investor Company Ventures. In conjunction with the funding, Foundry Group Partner Seth Levine joined Knock’s board of directors.
The company intends to use the funds to continue its nationwide expansion and accelerate the development of the proprietary technology behind its Home Trade-in platform.
Launched in 2015 by Sean Black, Co-founder and CEO, and Jamie Glenn, Co-founder and COO, Knock provides an online Home Trade-in platform, which uses data science to price homes accurately, technology to sell them efficiently and a dedicated team of Licensed Local Experts to guide consumers through every step of the process.
The company has offices in New York, San Francisco, Atlanta, Charlotte, Raleigh-Durham, Dallas and Fort Worth, with several more on the way.
It employs approx. 100 people.