Nada, a investment tech platform that bridges homeowners and investors through home equity, raises in seed extension funding of undisclosed amount.
Returning backers LiveOak Ventures and 7BC Venture Capital were among the backers. Homeowners and independent investors can now access the home equity market through it, an alternative asset investing and financing platform headed by recently appointed CEO and President Tore Steen.
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Investors can get direct access to the home equity market through Nada’s Cityfunds product, which is the only company approved by the SEC to issue shares of home equity that are specific to a given city.
It is giving homeowners instant liquidity without adding to their debt or monthly payments by investing in their home equity. Current CEO and co-founder of Nada, John Green, will take on the position of chief operating officer (COO).
About Nada
Nada is an award-winning fintech and investment platform on a mission to unlock the wealth trapped within the $30 trillion home equity market for homeowners and investors. As the first company qualified by the SEC to issue city-specific shares of home equity, it’s Cityfunds product provides investors with direct access to the home equity market. By investing in the equity of homes, it is providing homeowners with immediate liquidity without the burden of added debt or monthly payments.
