Knock

Knock

Growth Stage

Knock empowers you to buy your new home before you sell your current home

Knock empowers you to buy your new home before you sell your current home

Overview

Raised to Date: Raised: $20,345

Total Commitments ($USD)

Platform

Wefunder

Start Date

05/12/2024

Close Date

09/10/2024

Min. Goal
$50,000
Max. Goal
$4,799,765
Min. Investment

$100

Security Type

Equity - Preferred

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.09

Pre-Money Valuation

$20,574,809

Rolling Commitments ($USD)

Status

Active

Reporting Date

05/26/2024

Days Remaining

106

% of Min. Goal

41%

% of Max. Goal

0%

Likelihood of Max
unlikely
Avg. Daily Raise

$1,453

Momentum
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Year Founded

2015

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Location

Atlanta, Georgia

Business Type

Growth

Knock, with a valuation of $20.57 million, is raising funds on Wefunder. The company has developed a software-driven lending platform that empowers users to buy a new home before they sell their current home. Knock offers a bridge loan between the buying and selling process and helps people buy now and sell later. The platform has a gross transaction volume of $2.4 billion and loan origination volume of $1 billion. Sean Black and Jamie Glenn founded Knock in August 2015. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $4.8 million. The campaign proceeds will be used for product development, marketing, and hiring.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$9,271,490

$15,104,951

COGS

$4,499,141

$5,342,771

Tax

$13,649

$6,955

 

 

Net Income

$-24,774,052

$-30,433,269

Summary Balance Sheet

FY 2023 FY 2022

Cash

$6,871,036

$7,755,525

Accounts Receivable

$0

$0

Total Assets

$31,303,640

$51,121,851

Short-Term Debt

$24,456,272

$21,104,216

Long-Term Debt

$23,662,351

$33,200,915

Total Liabilities

$48,118,623

$54,305,131

Financials as of: 05/12/2024
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Knock 09/09/2024 Wefunder $20,574,809 $20,345 Equity - Preferred Active RegCF
Knock 04/28/2024 Wefunder $20,570,000 $100,117 Equity - Preferred Funded RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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Knock on Wefunder 2024
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $20,574,809
Price per Share: $0.09

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