EasyKnock, a New York City and Charlotte, North Carolina-based institutionalized residential sale-leaseback company, raised $20 in funding.
The round was co-led by Blumberg Capital and QED Investors, with participation from FJ Labs, Correlation, Moderne, 7BC and Interplay.
The company intends to use the funds to further enhance its technologies while scaling product offerings and adding to its employee headcount.
Led by Jarred Kessler, CEO, EasyKnock provides new ways for homeowners to monetize their equity immediately by utilizing an AI-driven qualification and underwriting engine to identify suitable customers and close the sale within 30 days. It operates through its two principal programs – Sell & Stay and MoveAbility – and partnerships with three of the top U.S. mortgage lenders. With Sell and Stay, homeowners sell their home without moving, with the flexibility to buy back their house or move at any time. MoveAbility serves as a bridge product for homeowners planning on moving in the near-term and selling their home immediately. The company currently provides its financial products to homeowners across 50 states.