Residential sale leaseback platform has now raised $4.7M to date
EasyKnock raised a $3.5 million seed round from Montage Ventures, Crestar Partners, and Blumberg Capital.
What they do: The startup buys homes and subsequently rents it back to the former homeowner for a fixed period of time. When the lease ends, the renter has the option to move out or reacquire the house based on the previously agreed price.
Heard on the Street: CEO and Co-Founder Jarred Kessler’s Easy Knock said in a press release: “There is an explosion in single family rentals in the United States and a huge hole for homeowners unable to release equity out of their home.”