Wefunder

CEO Of Knock Talks About Crowdfunding Campaign

Posted on by TMN Editor
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…

Knock Opens Funding To Individuals Through Wefunder

Posted on by TMN Editor
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…