Knock, the proptech multifamily management platform, as has
raised $20 million in growth funding.
The round was led by Fifth Wall, the largest venture capital
firm focused on technology-driven innovation for the global real estate
industry, and includes participation from existing investors Madrona Venture
Group, Lead Edge Capital, Second Avenue Partners and Seven Peaks Ventures. Vik
Chawla, partner, Fifth Wall will join Knock’s Board of Directors. This brings
the company’s total capital raised to $47 million.
Knock will use the investment to continue expanding its team and product portfolio, including centralized sales and leasing management, virtual and self-guided touring, AI communications, fraud prevention, applicant screening and leasing, and intelligent forecasting.
“The macroeconomic environment is driving institutional
capital into multifamily real estate at an accelerated pace,” said Vik
Chawla, partner on the Real Estate Technology Investment Team at Fifth Wall.
“With asset prices increasing in response, operators
need to improve yield and maximize operational efficiencies. As the preeminent
CRM solution for multifamily real estate, Knock helps owners and management
companies do both. Its platform optimizes the entire tenant relationship —
from marketing to retention — and serves as a workforce management solution
for training and tracking productivity. As operators face escalating
challenges, we believe Knock is positioned as the ideal partner to help their
Knock is used by over
half of NMHC’s Top 50 Managers, including Starwood Capital Group, ZRS, FPI and
Cushman & Wakefield (formerly Pinnacle), serving multifamily real estate’s
$3.3 trillion asset class.
“Our mission is to
enable successful communities and we live up to that mantra by providing
multifamily owners and property managers with the products and partnership to
give them a demonstrable competitive edge,” said Demetri Themelis, co-founder
and CEO at Knock.
“It’s no secret that sales organizations who manage a high
degree of discipline and adherence to customer relationship management
outperform. We’re passionate about our customers and have made tremendous
investments into integration, automation and data transparency to make Knock the
smartest and most intuitive CRM — our clients and their assets outperform as a
“We’re incredibly excited about this partnership with Fifth
Wall. Their team and reputation for helping portfolio companies become category
winners is unmatched.”
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