What is Knock?
Knock is a technology company focused on revolutionizing the rental and property management experience through its innovative app. The platform enables renters to conduct contactless self-tours of apartments independently, minimizing in-person interactions. This is achieved by allowing renters to use the Knock app as a key to access buildings and individual apartment doors after verification. The system automatically responds to listing inquiries, sends app invites, and verifies users via ID, social media, email, and phone number. Agents can maintain remote communication with prospective renters, answer questions, and accept online applications, all while facilitating social distancing. This streamlined process enhances efficiency for agents and provides a convenient, self-guided touring experience for renters.
How much funding has Knock raised?
Knock has raised a total of $439.5M across 4 funding rounds:
Other Financing Round
$2M
Series A
$32.5M
Series B
$400M
Angel/Seed
$5M
Other Financing Round (2016): $2M with participation from Great Oaks Venture Capital, Corazon Capital, FJ Labs, Max Ventures, and Correlation Ventures
Series A (2016): $32.5M led by RRE Ventures LLC., Greycroft Partners, Correlation Ventures, and Redpoint
Series B (2019): $400M supported by Western Technology Investment, Foundry Group, Corazon Capital, FJ Labs, Company Ventures, and RRE Ventures
Angel/Seed (2021): $5M featuring Boston Seed Capital, Accomplice, and Eyal Navon
Key Investors in Knock
Western Technology Investment
Western Technology Investment (WTI) is a venture debt provider that has been supporting startups since 1980, offering flexible credit facilities to companies from seed to public stages.
Foundry Group
Foundry Group is a venture capital firm that invests in early-stage information technology, Internet, and software startups, leveraging their experience to help entrepreneurs build successful companies.
Corazon Capital
Corazon Capital is an investment firm that emphasizes a values-driven approach, aiming to provide financial solutions with a focus on ethical and responsible investing.
What's next for Knock?
With a substantial total funding of $439.5M and a recent strategic investment of $5M, Knock is well-positioned for its next phase of growth. The company's focus on contactless solutions and remote management tools aligns with current market demands for safety and efficiency in real estate. Future developments are likely to involve expanding its technological capabilities, enhancing user verification processes, and broadening its market reach to more property managers and real estate agencies. The company's trajectory suggests a move towards scaling its operations and solidifying its position as a leader in proptech innovation, potentially exploring further integrations or service expansions to capture a larger share of the rental market.
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