Funding round
Knock Series A
Knock, which works in homebridge loan product origination in Atlanta, raised $33M in a Series A round announced on 31 Jan 2017, led by RRE Ventures. 6 firms took part. It is Knock's first venture round on record.
$33M
Amount raised
Not disclosed
Post-money valuation
6
Investors
1 lead
Valuation
What this round says about the price
Knock did not disclose a valuation in this round. It is Knock's first venture round on record, 2 years after it was founded in 2015. It is 5.0% of the $653M Knock has raised in the venture rounds on record. Knock raised again 24 months later: a Series B round of $400M in Jan 2019.
Investors
Who put money in
RRE Ventures led the round with 5 other firms.
Lead investor
- RRE Ventures new investor
Also in the round
- backs 104 venture-backed companies new investor
- FJ Labs backs 316 venture-backed companies new investor
- Correlation Ventures new investor
- Redpoint Ventures backs 194 venture-backed companies new investor
- Greycroft backs 236 venture-backed companies new investor
Comparable rounds
How it compares
26 Series A rounds in Loans & Financing within a year either side disclosed an amount; the median was $5.2M, and this round was 6.3 times the median. The closest in time, other companies' Series A rounds in Loans & Financing:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Loans & Financing | 1 Jan 2017 | $309K | not disclosed | not named |
| Loans & Financing | 1 Dec 2016 | $4.0M | not disclosed | American Express Ventures |
| Upgrade Loans & Financing | 1 Mar 2017 | $60M | not disclosed | not named |
| Loans & Financing | 18 Nov 2016 | $15M | not disclosed | Andreessen Horowitz |
| Loans & Financing | 2 Nov 2016 | $5.0M | not disclosed | Globalive |
| Loans & Financing | 26 Oct 2016 | $6.3M | not disclosed | Sequoia India |
| MPOWER Financing Loans & Financing | 27 Oct 2016 | $6.0M | not disclosed | Zephyr Management |
| Loans & Financing | 17 Oct 2016 | $3.5M | not disclosed | not named |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Knock raise in its Series A round?
Knock raised $33M in its Series A round, announced in Jan 2017.
Who led Knock's Series A round?
RRE Ventures led it, with Great Oaks Venture Capital, FJ Labs, Correlation Ventures, Redpoint Ventures and Greycroft.
What was Knock's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Loans & Financing?
26 Series A rounds in Loans & Financing within a year either side disclosed an amount; the median was $5.2M, and this round was 6.3 times the median.
Did Knock raise again after this round?
Yes: a Series B round in Jan 2019 of $400M.