Funding round
Knock Growth
Reported as "Growth Equity"
Knock, which works in homebridge loan product origination in Atlanta, raised $220M in a Growth round announced on 15 Mar 2022, led by Foundry. 7 firms took part. It is Knock's third venture round on record; the one before was a Series B in Jan 2019.
$220M
Amount raised
Not disclosed
Post-money valuation
7
Investors
1 lead
Valuation
What this round says about the price
Knock did not disclose a valuation in this round. It came 38 months after Knock's Series B. It is 34% of the $653M Knock has raised in the venture rounds on record. No later venture round is on record for Knock.
Investors
Who put money in
Foundry led the round with 6 other firms.
Lead investor
- backs 85 venture-backed companies new investor
Also in the round
- First American Financial new investor
- backs 68 venture-backed companies new investor
- National Association of Realtors new investor
- Corizon Capital new investor
- M Night Shyamalan new investor
- Mauricio Umansky new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion, scaling operations and working capital.
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
43 Growth rounds in Loans & Financing within a year either side disclosed an amount; the median was $80M, and this round was 2.8 times the median. The closest in time, other companies' Growth rounds in Loans & Financing:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Loans & Financing | 11 Apr 2022 | $156M | not disclosed | not named |
| C2FO Loans & Financing | 1 Feb 2022 | $140M | not disclosed | Third Point Ventures |
| Loans & Financing | 15 Feb 2022 | $100M | not disclosed | Siam Commercial Bank |
| Abound Loans & Financing | 18 Feb 2022 | $54M | not disclosed | Salica Investments |
| Stenn Loans & Financing | 12 Apr 2022 | $50M | $900M | Centerbridge Partners |
| Hometap Loans & Financing | 25 Jan 2022 | $245M | not disclosed | not named |
| Loans & Financing | 23 May 2022 | $152M | not disclosed | not named |
| Loans & Financing | 6 Jan 2022 | $128M | not disclosed | not named |
Sources
Where this comes from
Reported by 3 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Knock raise in its Growth round?
Knock raised $220M in its Growth round, announced in Mar 2022.
Who led Knock's Growth round?
Foundry led it, with First American Financial, RRE, National Association of Realtors, Corizon Capital and M Night Shyamalan and 1 more.
What was Knock's valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Loans & Financing?
43 Growth rounds in Loans & Financing within a year either side disclosed an amount; the median was $80M, and this round was 2.8 times the median.