Lustro Comments

Discuss this Deal with other Investors

Join the Conversation
Nada

Nada

WealthTech platform unlocking the $20T home equity market for homeowners & investors

Print
Claim My Business
Form C
View on Wefunder
Security Type
CAFES
Categories
Technology, Financial Services, Retail, Other, Real Estate, VC-Backed
Min Investment
$250
Location
Dallas, TX
Expected Close Date
April 29, 2024
Target Raise
$50.00K-$618.00K
No. Investors
353
Security Price
$1
Website
nada.co
Number of Employees
18
Cash
$1,924,551
Revenue
$1,384,776
Short Term Debt
$953,945
Cost of Goods
$779,181
Long Term Debt
$554,790
Net Income
$-3,293,699

Key Deal Facts

WealthTech platform unlocking the $20T home equity market for homeowners and investors $8M+ raised from VCs and 3k+ individuals (LiveOak, Revolution, Capital Factory) Released "Cityfunds": the first city-specific real estate portfolios available to the public 10k+ retail investors with investments in 70+ properties across 4 major markets $75M in SEC-Qualified investment offerings (Reg A+) Released "Cityfunds by Nada" app to iOS and Google Released "Homeshares": a new way for homeowners to cash out equity without adding debt

Management Team / Advisory Board Bios

John Green CEO & Co-founderCo-founder & GP at Cityfunds, spent 4 years as a full-time punk rocker 🤘, 10 years as a leader within the mortgage lending space., Mauricio Delgado CSO & Co-founderCo-Founder and CSO/CFO at Nada | Stanford University BS Computer Science, MBA | Former CEO, CFO, CPO at >$300mm revenue auto fintech company, Sundance Brennan VP, RevenueEarly Investor and VP of Revenue at Nada | MBA | Series 65 | Best Selling Author | 20+ years call center leadership, Jeremy Males VP, Investments and BrokerMulti Million Dollar Investment Manager and Italian Super Bowl Champion., Michael McGrail VP, Product, Justin Wang VP, Capital MarketsVP of Capital Markets at Nada | 9 years in real estate private equity and investment startups at Prospect Capital and Landa., Diego Allison Design Lead, Ethan Blumenthal VP, Engineering, Devang Jariwala Director, Finance, Brent Hodges Director, Legal & Compliance, Cade Hutchison Manager, Investments, Raven Martinez Manager, Business Development, Deyon Robertson Manager, Investor Relations, Matt Parsons Capital Markets Leader, Broderic Allen Business Development, Yadira Contreras Morales Equity Specialist, Lucy Vega Equity Specialist, Ethan Owens Systems Administrator, Jesse Stein Board Director & Advisor

Amount Raised : $2,014,034
Reveal the Score by Voting
＿
Additional ratings from other users are needed to determine a viable CrowdScore for this deal.
The "CrowdScore" for this deal is determined by user ratings and other factors using our proprietary algorithm.
ⓘ
The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
ⓘ
The progress made thus far in demonstrating that the business has viability, a customer base or other business traction.
Business Traction
ⓘ
The experience of the management team in running, scaling and/or exiting a business that required similar skills to execute the business plan.
Management Team
ⓘ
The value of the company compared to similar companies raising money from investors.
Valuation

Security Description

A CAFES (Contract and Future Equity Stake) can convert into different types of equity upon a Triggering Event, such as: common or preferred stock for a corporation, limited partnership interest for a limited partnership and membership interest for a limited liability company. At the time of the Triggering Event, the specific rights and limitations associated with the equity stake being issued to the investors will be determined and disclosed by the Entrepreneur.

Research Reports

No reports have been submitted

Become a Reporter
Read Our Research Disclaimer

0 Comments

Post Comment