Nada Raises $10M Series A to Expand Debt-Free Home Equity Platform and Retail Investment Offerings

Nada, a Dallas‑based financial technology company focused on unlocking and democratizing access to home equity, has closed a $10 million Series A funding round designed to scale its home equity investment platform and broaden access to innovative homeowner finance products. The financing reflects growing investor confidence in Nada’s mission to create a modern, transparent way for homeowners to access and manage the value tied up in their properties without incurring traditional debt.

The Series A round was led by Interlock Partners, a venture capital firm known for backing high‑growth fintech and proptech companies. Joining Interlock Partners were returning investors LiveOak Ventures, which previously led Nada’s early seed round, and Riverwalk Capital Partners, a fresh addition to the company’s institutional investor base. This equity financing was supplemented by an expanded venture debt facility with Nomura Strategic Ventures, bringing together operational expertise and sector insight to support Nada’s next phase of growth.

Nada’s flagship product, the Home Equity Agreement (HEA), provides homeowners with a debt‑free way to unlock the value of their home equity and use it for whatever financial needs arise. Unlike traditional home equity loans or lines of credit, the HEA allows homeowners to receive capital in exchange for a share of future home value, without monthly payments or interest. The platform currently operates in 14 U.S. states, and the new capital will help accelerate geographic expansion and prepare the company for its first securitization of HEA contracts, expected in 2026.

In addition to homeowner products, Nada operates Homeshares.co, a retail investment platform dedicated to the HEA asset class. Through this channel, individual investors can access fractionalized investments in residential home equity, an asset class that has historically been available only to institutional players. By combining institutional and retail capital with homeowner finance origination, Nada aims to create a scalable, investable market for U.S. real estate wealth.

Founded by John Green and now led by CEO Tore Steen, Nada has developed an integrated platform that blends regulatory compliance, technology, and financial innovation to deliver value to both homeowners and investors. Green, who also serves as Founder and COO, has emphasized the company’s commitment to giving families financial flexibility and confidence in managing their home‑based wealth. Steen, who joined the leadership team after serving on Nada’s board, has guided strategic decisions around product scaling and institutional partnerships.

The Series A funding round builds on a history of capital raising for Nada, including a prior $8.1 million seed round led by LiveOak Ventures with participation from investors such as Revolution’s Rise of the Rest Seed Fund, Capital Factory, 7BC Venture Capital, Sweater Ventures, LFG Ventures, Badra Capital, and Stonks Fund. That earlier financing helped the company launch a suite of financial solutions that combine banking, investing, and homeowner liquidity products for a more inclusive range of users.

In addition to its equity financing, Nada has secured substantial institutional capital through credit facilities designed to support its origination pipeline. In 2024, the company arranged an up to $25 million revolving credit facility with Kawa Capital Management, an alternative asset manager, to enhance its ability to scale HEA origination and support its Cityfunds investment platform. This facility bolstered Nada’s capacity to deploy home equity agreements at scale while maintaining institutional standards of diligence and oversight.

Investor enthusiasm for Nada reflects broader market interest in fintech innovations that democratize access to real estate wealth and modernize homeowner finance. By creating debt‑free paths to equity and opening up fractional investment opportunities, Nada is positioned to redefine how both homeowners and investors participate in residential real estate markets. The company’s strategic combination of regulatory infrastructure, institutional support, and consumer‑friendly products underscores its ambition to transform the home equity asset class into a transparent, investable space.

Looking forward, the new funding will enable Nada to expand the reach of its HEA product into additional states, accelerate product development across its homeowner and investor platforms, and support ongoing operations as it continues to build out a category‑defining platform for modern home equity finance. With its Series A capital secured and institutional backing strengthened, Nada is poised for rapid growth in the dynamic intersection of fintech and real estate investment.