Nestment

Helping First-Time Homebuyers Hack the Outdated Housing System

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Security Type
CAFES
Categories
Technology, Other, VC-Backed, Real Estate
Min Investment
$250
Location
San Francisco, , CA
No. Investors
222
Website
nestment.com

Key Deal Facts

$100M in home transactions in our first year growing 30% month over month.
78% of customers are first-time homebuyers, and 65% are buyers from communities of color.
Featured in national media such as the WSJ, Bankrate, Money, and a 5-minute segment on CBS Mornings.
Reached first profitable month in Sept six months ahead of schedule ($11K per home at 80% margin)
Accepted into multiple accelerators including Moderne Ventures ($500M proptech fund).
Launched NestGen, the first-ever homebuying accelerator creating $100M tx pipeline in 2 months.

Management Team / Advisory Board Bios

VC-Backed
Raised $250K or more from a venture firm, Repeat Founder
Founder has started a previous company funded with $2M+, Niles Lichtenstein Co-Founder & CEO 3x startup founder (1x exit, 1x sustainable SaaS). Experience with Harvard, Monitor Group, Ogilvy, and Deutsche Bank. Co-bought multiple properties in CA and NY. Built a school in Nepal and authored the children's book Boundless Brooklyn., Jonathan Chu Chief Product OfficerPreviously led product and design at two successfully acquired startups (Flipagram, acquired by TikTok & Blockfolio, acquired by FTX). Co-founded and is managing partner of Protofund, an early-stage venture firm that also invested in Nestment., Mark DeMitchell Co-Founder & COOCo-bought his first home in 2023 with two friends through Nestment. Part of the early data strategy team at TBWA/Chiat/Day, contributing to pitches for Snap, Meta, and Intel. Graduate of UCSB's early entrepreneur program (TMP)., Rob ZimmermanCo-Founder & CTODriving force behind numerous transformative projects at Tesla. Early team member at Enwoven, where he led product development and scaled deployment for success., Elena Tortora Head of Marketing
Led go-to-market strategies for Doosan, Honda Racing, Hilton, and Apterra. Drove new product development for DonJoy, Manscaped, and HyperIce. Built partnerships with CBS, World Poker Tour, and Fox. Volunteered marketing for the Boys and Girls Club.
Amount Raised : $887,945
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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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