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 this Round: Raised: $100,117

Total Commitments ($USD)

Platform

Wefunder

Start Date

02/14/2024

Close Date

04/29/2024

Min. Goal
$50,000
Max. Goal
$4,999,999
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

$20,570,000

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 $5 million. The campaign proceeds will be used for product development, marketing, and hiring.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$15,104,951

$16,893,410

COGS

$5,342,771

$8,641,408

Tax

$0

$0

 

 

Net Income

$-30,433,269

$-52,733,906

Summary Balance Sheet

FY 2022 FY 2021

Cash

$7,755,525

$11,440,255

Accounts Receivable

$0

$661,138

Total Assets

$51,121,851

$70,838,445

Short-Term Debt

$21,104,216

$73,511,212

Long-Term Debt

$33,200,915

$41,962,381

Total Liabilities

$54,305,131

$115,473,593

Financials as of: 02/14/2024
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Knock 05/30/2024 Wefunder $20,574,809 $0 Equity - Preferred Not Funded RegCF
Knock 04/28/2024 Wefunder $20,570,000 $100,117 Equity - Preferred Funded RegCF
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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.

Employee History

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Knock on Wefunder 2024
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $20,570,000
Price per Share: $0.09

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