EasyKnock raises $28 million

EasyKnock, a startup offering an alternative to home equity loans, has closed a $28 million Series D funding round with backing from Northwestern Mutual Future Ventures.

Founded in 2016, the New York-based startup gives people the option to sell their home and keep living in it as renters.

Last year, EasyKnock acquired Ribbon, a real estate startup that provides borrowers with upfront financing to make all-cash offers on homes.

EasyKnock will use the new funding to advance the development of its platform, offering a new and expanding suite of products and solutions that will provide consumers alternative ways to convert their home equity into cash, as well as buy, sell, and finance new homes.

“Our driving mission – empowering families with financial flexibility and control – is bolstered with this capital investment. Like the EasyKnock team, our distinguished group of investors recognize the critical need for countless American homeowners to improve their financial well-being. We’re proud to have Northwestern Mutual on board, as this round will enable us to turbocharge our product development and expand the ways we support our customers in the very near future.” – Jarred Kessler, CEO and Founder of EasyKnock.

“Our mission at Northwestern Mutual Future Ventures is to invest in early-stage startups that are developing new financial products and solutions that address consumers’ evolving needs. EasyKnock has demonstrated a unique approach to the FinTech space and we look forward to seeing how this new-to-market technology is received.” – Craig Schedler, Vice President – Venture and Corporate Development and Managing Director, Northwestern Mutual Future Ventures.