Nada Raises Seed Extension Funding

Nada, a Dallas, TX-based investment tech platform that bridges homeowners and investors through home equity, secured a seed extension funding of undisclosed amount.

Backers included repeat investors LiveOak Ventures and 7BC Venture Capital.

Led by newly appointed CEO and President Tore Steen, Nada is an alternative asset investment and finance platform, making home equity market accessible to individual investors and homeowners. As the first company qualified by the SEC to issue city-specific shares of home equity, Nada’s Cityfunds product provides investors with direct access to the home equity market. By investing in the equity of homes, Nada is providing homeowners with immediate liquidity without the burden of added debt or monthly payments.

John Green, Nada’s Co-founder and current CEO, will transition to the role of Chief Operating Officer (COO).