Knock, a Seattle, WA-based SaaS platform for residential property management, raised $12M in Series B funding.
The round, which brought total capital raised to $27.5m, was led by Madrona Venture Group, with participation from Lead Edge Capital and Seven Peaks Ventures.
The company intends to use the funds to continue growing its go-to-market and product teams while furthering its front office product roadmap, including a suite of productivity and business intelligence tools to improve occupancy and renewal rates.
Founded in 2014 by Tom Petry, CEO and co-founder, Knock provides a sales and marketing SaaS platform for residential property management companies. Its first products included tools for scheduling, messaging, and workflow organization, which have become essential to operating and managing apartment communities. Knock is available to residential property management companies in the U.S. and Canada. It is used by hundreds of North America’s leading multifamily portfolios, such as Pinnacle, FPI, Highmark and ZRS, with enterprise software leadership experience. The company more than doubled revenue in 2019, and more than 1 million apartment units are managed on the platform.