Online homebuyer Knock picks up $400M in latest fundraising round

The online homebuying startup Knock has announced a new $400 million fundraising round, further intensifying the increasingly fierce competition in the growing space of similar tech-enabled homebuying companies (known collectively as “iBuyers“).

Knock said its new funding comes in the form of both debt and equity. The Foundry Group, a venture capital firm, led the fundraising effort, with a number of existing and new investors participating as well.