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

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Security Type
Technology, Financial Services, Retail, Other, Real Estate, VC-Backed
Min Investment
Dallas, TX
Expected Close Date
April 29, 2024
Target Raise
No. Investors
Security Price
Number of Employees
Short Term Debt
Cost of Goods
Long Term Debt
Net Income

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
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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.

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