How Much Did Nada Raise? Funding & Key Investors

Nada has successfully raised funding through 10 rounds, with notable investors including Riverwalk Capital Partners, LiveOak Ventures, and Interlock Partners. The platform offers Home Equity Agreements (HEAs), allowing homeowners to access up to $500k from their home equity without monthly payments or income requirements.

Keep reading to explore the intricacies of Nada's fundraising journey and the investors backing this innovative platform.

What Is Nada?

Nada is a private company based in Dallas, Texas, specializing in financial services related to home equity. The platform helps homeowners achieve financial freedom by allowing them to access up to $500,000 from their home equity without monthly payments or income requirements.

Operating in various industries such as banking, fintech, real estate, and wealth management, Nada has a team of 11-50 employees. The company is committed to transparency, low fees, and flexible exit options, making it a unique player in the financial services sector.

How Much Funding Has Nada Raised?

1. Pre-Seed Round
   • Amount Raised: USD 500,000
   • Date: June 2019
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To kickstart the company's operations and develop its initial product offerings.
2. Pre-Seed Round
   • Amount Raised: USD 200,000
   • Date: July 2021
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To further develop the platform and expand the team.
3. Pre-Seed Round
   • Amount Raised: USD 1,540,000
   • Date: July 2021
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To enhance the platform's capabilities and prepare for market entry.
4. Pre-Seed Round
   • Amount Raised: USD 600,000
   • Date: October 2021
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support initial market launch and customer acquisition.
5. Seed Round
   • Amount Raised: USD 8,100,000
   • Date: July 2022
   • Lead Investors: LiveOak Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To scale operations and expand market reach.
6. Debt Financing
   • Amount Raised: USD 2,000,000
   • Date: February 2023
   • Lead Investors: Silicon Valley Bank
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support ongoing operations and growth initiatives.
7. Seed Round
   • Amount Raised: USD 4,000,000
   • Date: June 2024
   • Lead Investors: LiveOak Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To accelerate growth and further the mission to revolutionize real estate wealth.
8. Debt Financing
   • Amount Raised: USD 10,000,000
   • Date: October 2024
   • Lead Investors: Kawa Capital Management
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To enhance the ability to scale the home equity agreement (HEA) origination platform.
9. Debt Financing
   • Amount Raised: Not publicly disclosed
   • Date: February 2025
   • Lead Investors: Nomura
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support the scaling of the platform and bolster the Cityfunds investment product.
10. Series A
    • Amount Raised: USD 10,000,000
    • Date: December 2025
    • Lead Investors: Interlock Partners
    • Valuation at Round: Not publicly disclosed
    • Motivation Behind the Round: To strengthen institutional capabilities and scale the home equity investment platform.

Total Amount Raised: USD 36,940,000. Current Valuation: Not publicly disclosed.

Key Investors

• Riverwalk Capital Partners
  • Details: Riverwalk Capital Partners is a private equity firm that focuses on growth investments. They participated in Nada's Series A funding round.
  • Investment Focus Areas: Not specified.
  • Notable Investments: Participated in Series A funding round for Nada.
• LiveOak Ventures
  • Details: LiveOak Ventures is a venture capital firm that focuses on early-stage investments. Krishna Srinivasan, a founding partner, is actively involved with Nada.
  • Investment Focus Areas: Early-stage investments, technology, innovative sectors.
  • Notable Investments: Nada, seed extension funding round.
• Interlock Partners
  • Details: Interlock Partners is a venture capital firm that invests in technology-driven companies. They led Nada's Series A funding round.
  • Investment Focus Areas: Technology, fintech, real estate.
  • Notable Investments: Nada, Series A funding round.
• Kawa Capital Management
  • Details: Kawa Capital Management is an investment firm that provides capital solutions across various sectors. They participated in Nada's debt financing round.
  • Investment Focus Areas: Real estate, finance, alternative investments.
  • Notable Investments: Nada, debt financing round.
• Nomura
  • Details: Nomura is a global financial services group offering a wide range of services including investment banking and asset management. They participated in Nada's debt financing round.
  • Investment Focus Areas: Investment banking, asset management, global markets.
  • Notable Investments: Nada, debt financing round.

What's Next for Nada?

Nada is poised to capitalize on the $30 trillion home equity market, making it accessible to individual investors and homeowners. With the recent appointment of Tore Steen as CEO and new funding from LiveOak Ventures and 7BC Venture Capital, the company is set to expand its Cityfunds and Homeshares products. This growth is expected to attract more investors and provide homeowners with immediate liquidity without additional debt or monthly payments.

Future fundraising opportunities look promising, with Nada having recently closed a $10 million Series A round and securing a $25 million revolving credit facility from Kawa Capital Management. These funds will help scale operations and enhance product offerings, positioning Nada as a market leader in retail investing and proptech.

However, challenges remain. Navigating the complexities of the real estate and investment tech sectors, ensuring continued traction for innovative products, and competing with other fintech and proptech companies will be critical. Nada's ability to educate and attract individual investors will be key to its sustained growth and success.

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