Online real estate selling platform Knock has raised $32.5 million in Series A funding that it plans to use to further expand the business.
The New York-based start up was founded in 2015 by Trulia veterans Sean Black and Jamie Glenn, along with Chief Architect Karan Sakhuja and is being rolled out across metro Atlanta with plans to expand nationally in the coming months.
The company prides itself on combining technology, local market expertise and a 200-point inspection to competitively price and sell homes in six weeks or less – guaranteed.
Led by RRE Ventures, Knock’s Series A round of $32.5 million also includes Corazon Capital, Redpoint, Greycroft, Correlation Ventures, Great Oaks Venture Capital and FJ Labs.
Knock’s CEO and co-founder Sean Black says technology is an important part of online real estate sales.
“From our experience working in online real estate at Trulia and Yahoo, we recognized the need to utilize technology to streamline the home selling process,” Black says.
“We sought funding and advisors from business leaders, such as Sam Yagan of Corazon Capital and Raju Rishi of RRE, who successfully transformed industries at iconic, multi-billion dollar companies like Match, Netflix, TiVo, Trulia and Houzz.”
“Together, we’re fundamentally changing the face of home selling by utilizing data science to price homes accurately, technology to sell them quickly and a dedicated team of professionals to guide homeowners through the selling process,” he said.
Despite the proliferation of new marketplace businesses, one space has been left behind,” says Raju Rishi, General Partner at RRE Ventures. “Until now, there has been no true tech-enabled marketplace for residential real estate. We believe that this market is finally ripe for disruption, and there exists no better team to execute against Knock’s vision than founding team members of Trulia.”
