About this raise
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.
Investment Overview
Not Funded: $0
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 05/13/2024
- Close Date
- 05/31/2024
$50,000
$4,799,765
$100
Equity - Preferred
Growth Stage
RegCF
$0.09
$20,574,809
Company & Team
Company
- Year Founded
- 2015
- Industry
- Financial & Insurance Products & Services
- Tech Sector
- Distribution Model
- B2C
- Margin
- Medium
- Capital Intensity
- Low
Financials
- Revenue -38.6% YoY
-
$9,271,490
as of FY2023
- Monthly Burn
-
$739,000
as of FY2023
-
Runway
-
3.7 months
as of
- Gross Margin
-
51%
as of FY2023
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $79,122,668
- VC Backed?
- Yes
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 05/31/2024 | Wefunder | $20,574,809 | $0 | Equity - Preferred | Not Funded | RegCF |
| 04/29/2024 | Wefunder | $20,570,000 | $100,117 | Equity - Preferred | Funded | RegCF |
Growth Charts
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.
Valuation History
Price per Share History
Note: Share prices shown in earlier rounds may not be indicative of any stock splits.