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Notification Infrastructure Provider Knock Announces $12 Million Series A Led by Craft Ventures

Notification Infrastructure Provider Knock Announces $12 Million Series A Led by Craft Ventures

February 19, 2024 Craig Etkin

David Sacks to join Board of Directors

February 15, 2024 01:30 PM Eastern Standard Time

SAN FRANCISCO–(BUSINESS WIRE)–Knock, the leading notification infrastructure provider, announced it has raised a $12 million Series A led by Craft Ventures, bringing the total funding to $18 million. Existing investors Afore Capital and Preface Capital also joined the round. More than 200 enterprises including Webflow, Vercel, Vidyard, and Amplitude depend on Knock to build multi-channel product experiences that drive engagement and retention. As part of the round, David Sacks, co-founder and partner at Craft Ventures, will also join Knock’s Board.

“I’m proud to be an investor in and a customer of Knock. ”

“Knock is the tool we wish we had in our past roles. Every product needs to engage with its customers, but until now, every team has had to build and scale that infrastructure in-house or work with tools not designed for the modern developer workflow. We started Knock to provide developers and product teams with flexible, API-first customer engagement that’s ready for production,” said Sam Seely, CEO and co-founder of Knock. “We’re excited that this capital will enable us to scale our platform and to help improve notifications for users of software everywhere.”

Founded in 2021, Knock gives developers a customer engagement platform tailored to their workflow. The customer engagement market has grown to $20 billion in recent years. But the majority — from mission-critical banking notifications to conversion-lifting user experiences — still runs on outdated systems that prevent notifications from reaching users at the right moment. Typically, these platforms are sold to marketers, and these high-volume, production-risk systems are often packaged in rigid dashboards that don’t meet developers’ needs. Knock puts notifications in context so engineering teams can manage them as part of their CI environment and deployment pipeline, with better documentation, powerful API primitives, and SDKs to ensure ease of launch and use. Knock’s APIs allow customization that can’t be built anywhere else.

“We share an aligned worldview with the Knock team: we believe in the power of great DX and API-first tooling to deliver business outcomes. Knock has helped us deliver on ours, with an experience that’s great for our team — and our users,” said Vercel CEO Guillermo Rauch, who is also an angel investor. “I’m proud to be an investor in and a customer of Knock.

“Everyone has seen the notification bell in their apps. It’s ubiquitous as the way to notify users about new activity. The problem is that every app ends up reinventing the wheel, hacking this together, and struggling to maintain it. It would make a lot more sense for developers to outsource their notification infrastructure. Now they can,” said David Sacks, co-founder and partner at Craft Ventures.

ABOUT KNOCK.IO

Knock is the leading notification infrastructure provider for businesses, providing development teams with a better way to build and scale customized notifications while easily integrating into existing workflows. With a focus on building infrastructure for engineers, Knock’s API delivers better user experiences that enable businesses to improve activation, engagement, and retention, allowing teams to focus on core product areas. Founded in 2021 by Sam Seely and Chris Bell, Knock’s investors include Craft Ventures, Afore Capital, Preface Capital, and Guillermo Rauch. For more on Knock, visit https://knock.app/

Contacts

Chelsea Allison
chelsea@cmand.co
312.775.2856

(c)2024 Business Wire, Inc., All rights reserved.


Venture Capital
Business Wire, California, Knock, San Francisco, Venture Capital

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Fabric, a leader in care delivery and consumer experience, has announced the acquisition of UCM Digital Health (UCM), a leading digital health and telehealth provider. The acquisition expands Fabric's services to about 400 new employer and payer customers, adding one million covered lives. Fabric now serves over 75 health systems, 30,000 employers, and over 100 million lives across all 50 states. This marks Fabric’s fifth acquisition in less than three years, underscoring its strategic build-and-buy approach to unify the fragmented digital health landscape. By expanding its footprint in the payer and employer markets, Fabric is extending its comprehensive care access and experience platform paired with its nationwide provider network to streamline virtual-first care, expand access, improve efficiency and outcomes, and reduce both medical and overhead costs.

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Flex has closed a $60 million Series B equity round led by Portage, bringing total equity raised to $105 million. In the last year, the company has quadrupled revenue and tripled its payments volume to $3 billion as it scales its all-in-one business and personal finance platform for high-net-worth middle-market business owners. Running a profitable middle-market business has become one of the most complex financial jobs in America, with owners often juggling more than ten disconnected systems to manage their money. Flex was created to give these high net worth owners a single place to run both their business and personal finances. This latest $60 Million equity round, followed by its $200 Million debt and $25 Million equity raise announced earlier this year, builds on a period of rapid hypergrowth. In just 12 months, Flex has grown revenue fourfold and increased annualized total payments volume from $1 billion to $3 billion across a suite of products, positioning Flex as one of the fastest-growing fintech companies at scale with best-in-class capital efficiency.

Flex is building the category-defining company solving this gap for high net worth business owners with a five-pillar strategy built around private credit, a business finance stack, a personal finance stack, payment solutions, and an ERP built for middle market businesses. These customers now use an average of four or more Flex products. Flex’s Business Credit Card, which provides 60-day float on every transaction, has been a major driver of adoption, acting as the wedge into deeper financial operations. Once owners experience the benefits of the Flex Credit Card, they often go on to adopt Flex’s banking, payments, working capital, and expense management tools to replace fragmented legacy systems. This integrated model has allowed Flex to scale with high efficiency and has created a strong foundation for its expansion into personal finance.

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Across the United States, a new industrial age is taking shape. Trillions of dollars in infrastructure, from energy projects and advanced manufacturing to data centers and critical mineral facilities, must be built in the next decade. But large construction projects are slower and more expensive today than they were half a century ago. Unlimited Industries, a California-based company using AI to rethink how infrastructure gets built, has raised $12 million in seed funding to change that. The round was co-led by Andreessen Horowitz and CIV, with participation from leading industry investors. The capital will accelerate Unlimited’s expansion and further develop its proprietary AI platform – one designed to make large-scale engineering and construction faster, cheaper, and more ambitious.

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Unlimited is an AI-native construction company headquartered in San Francisco. Today, the company designs and builds across energy infrastructure, data centers, critical minerals, and advanced manufacturing, helping developers build with greater speed, ambition, and efficiency. Their mission is to build a future of radical physical abundance by automating construction end-to-end. The company was founded in 2025 by serial founders Alex Modon, Jordan Stern, and Tara Viswanathan.
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