Nada

Nada

Growth Stage

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

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

Overview

Raised to Date: Raised: $389,314

Total Commitments ($USD)

Platform

Wefunder

Start Date

01/07/2024

Close Date

04/29/2024

Min. Goal
$50,000
Max. Goal
$618,000
Min. Investment

$250

Security Type

SAFE

Series

Series A

SEC Filing Type

RegCF / RegD 506(c)    Open SEC Filing

Valuation Cap

$27,400,000

Discount

0%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

04/30/2024

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$3,476

# of Investors

335

Momentum
Funded
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Year Founded

2018

Industry

Real Estate & Construction

Tech Sector

Proptech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Location

Miami, Florida

Business Type

High Growth

Nada, with a valuation of $27.4 million, is raising funds on Wefunder. It is a real-estate technology company that brings buying and selling real estate online without paying any brokerage. Nada is transforming real-estate transactions into a homeowner service relationship by integrating all the disconnected services into one digital solution. The platform has 20,000 investors with investments in over 120 properties across six major markets and won the 2023 Best Alternative Investment Platform by Benzinga. Mauricio Delgado and John Green founded Nada in October 2018. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $618,000. The campaign proceeds will be used for increasing Cityfunds investment marketing spend, closing the Homeshare warehouse facility, and adding key hires to scale marketing and engineering teams.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$1,384,776

$1,290,743

COGS

$779,181

$994,000

Tax

$0

$0

 

 

Net Income

$-3,293,699

$-1,604,668

Summary Balance Sheet

FY 2022 FY 2021

Cash

$1,924,551

$666,742

Accounts Receivable

$75,557

$24,995

Total Assets

$4,130,618

$1,371,064

Short-Term Debt

$953,945

$416,540

Long-Term Debt

$554,790

$3,550,224

Total Liabilities

$1,508,735

$3,966,764

Financials as of: 01/07/2024
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Nada 04/28/2024 Wefunder $27,400,000 $389,314 SAFE Funded RegCF / RegD 506(c)
Nada 07/26/2021 Republic $12,000,000 $1,832,019 SAFE Funded RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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Nada on Wefunder 2024
Platform: Wefunder
Security Type: SAFE
Valuation: $27,400,000

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