Nada, a Dallas, TX-based fintech company making real estate wealth accessible to everyone through its investing, banking, and finance platform, closed an $8.1M seed funding round.
LiveOak Venture Partners led the round with participation from Revolution’s Rise of the Rest Seed Fund, Capital Factory, 7BC Venture Capital, Sweater Ventures, LFG Ventures, Badra Capital, and Stonks Fund. In conjunction with the funding, Krishna Srinivasan, LiveOak’s founding partner, is joining Nada’s board of directors. Additionally, Jesse Stein, co-founder of Everyrealm, a metaverse investment and development company, will be joining Nada’s board of directors to support scaling investment products.
The company intends to use the funds to expand its investment products, develop its secondary trading platform, launch its mobile app, and release the first real estate-backed debit card.
Led by CEO John Green and CFO Mauricio Delgado, Nada provides a platform that makes it possible for any investor to buy & sell fractions of a top city’s real estate market and for homeowners to unlock home equity, without taking on debt, to spend on a debit card. Its “Cityfunds” investment product is an index-like real estate fund providing targeted exposure to a single city’s home equity market. Homeowners can access their home equity to spend on the Nada debit card without adding new debt.
FinSMEs
27/07/2022