Tore Steen has been appointed CEO and President of Nada, a cutting-edge investing digital platform that unlocks residential real estate value. With over ten years of real estate IT and investment experience, including co-founding CrowdStreet, Steen is well-positioned to guide Nada into its next stage of expansion. This announcement coincides with Nada’s procurement of a seed extension funding round, led by LiveOak Ventures and 7BC Venture Capital and highlights broadstroke confidence in the company's innovative approach.
Founded in 2018, Nada offers homeowners immediate liquidity by leveraging their home equity without the constraints of additional debt or monthly payments. Through products like CityFunds and Homeshares, Nada facilitates investment opportunities for individuals, while empowering homeowners to monetize their home equity effectively. John Green, Nada’s Co-founder, will transition to Chief Operating Officer (COO) and support Steen in steering the company towards further innovation and market leadership in the burgeoning proptech sector. The appointment underscores Nada’s commitment to democratizing access to real estate investments and expanding its footprint in the $30 trillion home equity market.
