By KIMBERLEY HAAS
The CEO of a real estate technology company that helps homeowners buy a new house before they sell theirs says an equity crowdfunding campaign they launched last month has been well received.
Sean Black, who co-founded Knock with Jamie Glenn and Karan Sakhuja in 2015, said during a recent interview with The Mortgage Note that the timing seems to be right for this venture.
Black and Glenn were on the founding team at Trulia, which went public on the NYSE and was acquired by Zillow in 2014 as part of a $3.5 billion stock-for-stock transaction. Back then, individuals couldn’t invest in these companies until they went public.
“Crowdfunding regulation has matured quite a bit in the last…
Buy Before You Sell fintech Knock has allocated $5 million of a $15 million financing round to individuals alongside its investors.
The company announced an equity crowdfunding campaign on Wefunder, a public investment platform, to allow individuals to invest before it goes public or gets acquired.
The funding round is co-led by Second Century Ventures, the venture capital arm of NAR, and Foundry Venture Capital.
The goal, according to Knock co-founders Sean Black and Jamie Glenn, is to create investment opportunities they were unable to prioritize when their company Trulia went public and was acquired by Zillion.
People who used the product were unable to invest until it was already valued in the billions of dollars.
“We founded Knock to…
Cash offer fintech Flyhomes announced it is acquiring “buy before you sell” leader Home Sale Assured.
Home Sale Assured, a platform owned by Innovative Holdings, LLC, is known for its Guaranteed Backup Contract, which allows homeowners to confidently purchase their next house before selling their own.
Flyhomes will acquire the Home Sale Assured brand, and founder Eric Meadow will join the company as a senior executive.
“Eric is a seasoned mortgage professional who has built something really special with the Guaranteed Backup Contract,” Tushar Garg, co-founder and CEO at Flyhomes, said. “Its ability to remove friction from the buying and selling process, while adding assurance, flexibility, and customer-centricity, aligns perfectly with our core tenants here at Flyhomes. This deal strengthens…
