How Much Did Nada Raise? Funding & Key Investors

Nada has successfully raised funding through multiple rounds, including a recent debt financing round backed by Nomura. The platform offers innovative solutions for homeowners to unlock their home equity without taking on debt, while providing investors with access to diversified residential real estate markets.

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

What Is Nada?

Nada, founded on January 30, 2019, is an alternative finance platform based in Dallas, Texas. The company was established by Felipe Miranda, John Green, and Mauricio Delgado.

Nada offers innovative home equity investment solutions, allowing homeowners to access their home equity without taking on debt. It also provides investors with opportunities to invest in diversified residential real estate markets.

With a team of 11-50 employees, Nada is dedicated to unlocking the $30 trillion home equity market for both homeowners and investors.

How Much Funding Has Nada Raised?

1. Pre-Seed Round
   • Amount Raised: $500K
   • Date: June 2019
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: Initial capital to develop the platform and launch operations.
2. Pre-Seed Round
   • Amount Raised: $1.5M
   • Date: July 2021
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand the team and enhance the platform's capabilities.
3. Pre-Seed Round
   • Amount Raised: $130K
   • Date: July 2021
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: Additional funds to support early-stage growth.
4. Pre-Seed Round
   • Amount Raised: $200K
   • Date: July 2021
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To further develop the platform and prepare for market entry.
5. Pre-Seed Round
   • Amount Raised: $600K
   • Date: October 2021
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support initial market penetration and product development.
6. Seed Round
   • Amount Raised: $8.1M
   • Date: July 2022
   • Lead Investors: LiveOak Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To scale operations and expand market reach.
7. Debt Financing
   • Amount Raised: $2M
   • Date: February 2023
   • Lead Investors: Silicon Valley Bank
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To provide liquidity for operational expenses and growth initiatives.
8. Seed Round
   • Amount Raised: $4M
   • Date: June 2024
   • Lead Investors: LiveOak Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To accelerate growth and further develop innovative products.
9. Debt Financing
   • Amount Raised: $10M
   • Date: October 2024
   • Lead Investors: Kawa Capital Management
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support expansion and enhance financial stability.
10. Debt Financing
    • Amount Raised: Undisclosed
    • Date: February 2025
    • Lead Investors: Nomura
    • Valuation at Round: Not publicly disclosed
    • Motivation Behind the Round: To secure additional capital for strategic growth initiatives.

Total Amount Raised: $27.03M

Current Valuation: Not publicly disclosed

Key Investors

• Nomura
  • Details: Nomura is a global financial services group headquartered in Japan. It provides a broad range of services including investment banking, asset management, and retail brokerage.
  • Investment Focus Areas: Financial services, asset management, investment banking.
  • Notable Investments: Nada, WeWork, SoftBank.
• Kawa Capital Management
  • Details: Kawa Capital Management is an investment firm based in Miami, Florida. It specializes in alternative investments and focuses on generating consistent returns for its clients.
  • Investment Focus Areas: Real estate, renewable energy, private equity.
  • Notable Investments: Nada, Greenbacker Renewable Energy, TerraForm Power.
• LiveOak Ventures
  • Details: LiveOak Ventures is a venture capital firm based in Austin, Texas. It focuses on early-stage investments in innovative companies.
  • Investment Focus Areas: Technology, healthcare, financial services.
  • Notable Investments: Nada, DISCO, OJO Labs.
• 7BC Venture Capital
  • Details: 7BC Venture Capital is a venture capital firm that invests in early-stage technology companies. It aims to support innovative startups with high growth potential.
  • Investment Focus Areas: Technology, fintech, proptech.
  • Notable Investments: Nada, OpenReel, Vise.
• Silicon Valley Bank
  • Details: Silicon Valley Bank is a high-tech commercial bank that provides a range of financial services to startups and growth companies. It is known for its strong focus on the innovation sector.
  • Investment Focus Areas: Technology, life sciences, venture capital.
  • Notable Investments: Nada, Pinterest, Shopify.

What's Next for Nada?

Nada stands at the cusp of a significant opportunity, aiming to make the $30 trillion home equity market accessible to individual investors and homeowners. With new funding secured through a seed extension led by LiveOak Ventures and 7BC Venture Capital, the company is well-positioned to expand its Cityfunds and Homeshares products. This growth is further bolstered by the appointment of Tore Steen as CEO, whose experience in the real estate tech investment sector is expected to drive Nada's mission forward.

Future fundraising opportunities seem promising as Nada continues to educate individual investors about the benefits of direct home equity investments. However, the company may face challenges such as market competition, regulatory hurdles, and the need to continuously innovate. Despite these potential obstacles, Nada's innovative approach and strategic leadership position it well for future growth and potential acquisitions in the proptech space.

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