BOULDER — Foundry Group, a Boulder-based venture capital firm, recently led a Series B effort that raised $400 million in equity and debt financing for real estate technology firm Knock.
Knock, based in New York and San Francisco, is developing a real estate marketplace platform that allows users to trade in their homes the way they would a vehicle.
Sponsored Content
Employer Alert: Equal Pay For Equal Work Act
The EPEWA Act went into effect on January 1, 2021. Employers had to make robust changes to address and implement external employment opportunities and internal employee advancement opportunities. Is your business compliant?
The company plans to use its newly raised capital “to continue its nationwide expansion and accelerate the development of the proprietary technology behind its unique Home Trade-in platform,” according to a company news release.
“At Knock we believe the only way to revolutionize the real estate industry is by addressing both home buying and selling, given 71 percent of consumers are doing both at the same time, which is why we’re creating a marketplace solution with our Home Trade-in platform,” Knock CEO Sean Black said in a prepared statement.
In addition to Foundry Group, investors RRE Ventures, Corazon Capital, WTI, and FJ Labs and Company Ventures participated in the funding round.
Foundry Group partner Seth Levine has joined Knock’s board of directors.
“At Foundry we love working with passionate founders who are on a mission to fundamentally change an industry,” Levine said in a statement. The Knock team is exactly that — combining years of experience in real estate technology with a fundamental drive to change the way consumers buy and sell homes.”
BOULDER — Foundry Group, a Boulder-based venture capital firm, recently led a Series B effort that raised $400 million in equity and debt financing for real estate technology firm Knock.
Knock, based in New York and San Francisco, is developing a real estate marketplace platform that allows users to trade in their homes the way they would a vehicle.
The company plans to use its newly raised capital “to continue its nationwide expansion and accelerate the development of the proprietary technology behind its unique Home Trade-in platform,” according to a company news release.
“At Knock we believe the only way to revolutionize the real estate industry is by addressing both home buying and selling, given 71 percent of consumers are doing both at the same time, which is why we’re creating a marketplace solution with our Home Trade-in platform,” Knock CEO Sean Black said in a prepared statement.
In addition to Foundry Group, investors RRE Ventures, Corazon Capital, WTI, and FJ Labs and Company Ventures participated in the funding round.
Foundry Group partner Seth Levine has joined Knock’s board of directors.
“At Foundry we love working with passionate founders who are on a mission to fundamentally change an industry,” Levine said in a statement. The Knock team is exactly that — combining years of experience in real estate technology with a fundamental drive to change the way consumers buy and sell homes.”
…
This article has been intentionally blurred.
You must purchase a subscription to view the rest of this content.
Want to See More!?
OR
Start your subscription to BizWest, The Business Journal of the Boulder Valley and Northern Colorado, TODAY!
Print + Digital
$7/mo
billed monthly
- 1-month online access to BizWest.com which includes unlimited news stories, archived story access and interactive versions of monthly business journal.
- 1-month subscription to BizWest & all of the publications in print version.
Digital
$7/mo
billed monthly
- 1-month online access to BizWest.com which includes unlimited news stories, archived story access and interactive versions of monthly business journal.
Unlimited
$25/mo
billed monthly
- 1-year online access to BizWest.com which includes unlimited news stories, archived story access and interactive versions of monthly business journal.
- 1-year subscription to BizWest & all of the publications in print version.
- 1-year premium online access to unlimited downloads from the BizWest Datastore!
Your promotional subscription will automatically renew at the full rate on the date of your subscription maturity. Reminder notices will be emailed before each auto-renewing payment to the email address on file. You may cancel at any time by calling (970) 232-3143 or emailing bdennis@bizwest.com. Your BizWest subscription also includes a complimentary subscription to the BizWest email newsletter, and you may easily unsubscribe from this at any time by emailing bdennis@bizwest.com.





