TLDR:
- Nada, a Dallas-based investment tech platform, secured seed extension funding from investors LiveOak Ventures and 7BC Venture Capital.
- The platform, led by new CEO Tore Steen, aims to make the home equity market accessible to individual investors and homeowners.
In a recent announcement, Nada, a Dallas-based investment tech platform, revealed that it had secured seed extension funding from investors LiveOak Ventures and 7BC Venture Capital. The amount of funding remains undisclosed, but the platform seems poised for growth with this injection of capital.
Under the leadership of newly appointed CEO Tore Steen, Nada aims to bridge the gap between homeowners and investors through home equity. The company’s innovative Cityfunds product, the first of its kind to be approved by the SEC, allows investors to access the home equity market by purchasing city-specific shares of home equity.
By investing in the equity of homes, Nada offers homeowners a unique opportunity for immediate liquidity without the need for additional debt or monthly payments. This model has the potential to revolutionize the way individuals interact with the real estate market, providing a new avenue for investment for those looking to diversify their portfolios.
As part of this announcement, John Green, Nada’s Co-founder and current CEO, will take on the role of Chief Operating Officer (COO), signaling a shift in leadership that aligns with the platform’s strategic vision for the future.
