Knock, a residential property brokerage and agent referral platform, has raised USD 220 million in funding, which comprises USD 70 million in equity and USD 150 million in debt, led by Foundry Group, with participation from First American Financial, RRE Ventures, National Association of Realtors, and others. Following this investment, the company’s total funding stands at USD 654.5 million. 

The company expects to reach profitability by the end of this year and expects this funding to support its goal.

The company announced the decision to lay off nearly half of its employees in the backdrop of a scrapped IPO initially announced in March last year.

Founded in 2015, Knock is a platform that helps home buyers meet property financing needs and support agents to buy or sell homes. In FY2021, Knock achieved double- and triple-digit growth in transactions, revenue, and gross profit. The company has grown its geographic presence from 14 to 75 markets as of early 2022.