Hundreds of homeowners and landlords have optimized investment property returns with the Knox Frictionless Ownership Platform
BOSTON, April 19, 2021 — Knox Financial, a fintech company making it dramatically easier to own investment property and optimize returns, today announced that the company has raised a $10M Series A, bringing the company’s total funding to $14.7M. The round was led by G20 Ventures, with participation from Greycroft, Pillar VC, 2LVC, and Gaingels.
“Knox has shown people across the U.S. that you can see great returns from investment properties without having to put in countless hours of work,” said Bob Hower, co-founder and partner of G20 Ventures. “With Knox, investment property owners spend as little as one hour per year thinking about their properties, and generate exceptional financial results. The company has grown rapidly since launching in 2019 — its full-service, tech-enabled platform has clearly resonated with first-time investment property owners and career landlords alike.”
Once a property is enrolled on the Knox Frictionless Ownership PlatformTM, Knox automates and oversees the property’s finances and taxes, insurance, leasing and legal, tenant and property care, banking, and bill pay — ensuring that the investment property achieves its highest performance and allowing the owner to be a passive investor. Knox is overseeing a portfolio of more than $100M in investment properties, and was named one of the 2021 HousingWire Tech100 for “creating technology solutions that make owning investment property as simple as owning a share of stock.”
“When we launched Knox in March 2019, we set out to give everyone, from middle class homeowners to seasoned landlords, a hands-off, predictable, and lucrative way to build wealth through investment property,” said David Friedman, CEO of Knox. “We’re confident that Knox will become the U.S.’s largest and most successful wealth advisor for property investors.”
Knox is currently operational in four major metropolitan areas and expanding to six more in 2021. To learn more about Knox, visit knoxfinancial.com.
About Knox Financial
Knox is the first financial institution for property investors. Built on a foundation of data and automation, the Knox Frictionless Ownership® Platform optimizes cash flow and wealth creation through investment property. Knox currently operates in 6 states and is expanding rapidly across the US. To learn more, visit knoxfinancial.com.