, a New York-headquartered residential sale leaseback company, has announced that it raised a $215 million Series A round from new and returning investors.
The company offers MoveAbility, a program that allows a homeowner to sell his or her residence to EasyKnock for a lump sum of cash, and then stay in the home as a renter for three to 18 months while looking for a new home to buy. MoveAbility is available in 25 states.
EasyKnock added that the Series A included $12 million in equity and was led by existing investor Blumberg Capital, which was joined by new investors Correlation Ventures, 500 Startups and Rubicon Ventures and existing investors Montage Ventures, Kairos and FJ Labs. The funding follows a $103.5 million debt-equity round that EasyKnock raised last year.
“We are continuing to create flexible homeownership products that enable homeowners to access their equity,” said EasyKnock CEO Jarred Kessler. “With MoveAbility, we’re offering homeowners autonomy of the process of bridging between their current home and their future home. As roughly 5 million homes are sold every year, millions of Americans can benefit from our program.”