# YoY Growth and New Board Member | Nada

- Canonical URL: https://wefunder.com/feed/170493
- Entity ID: wefunder:feed_item:170493
- Published at: 2024-02-08 00:28:29 UTC
- Updated at: 2025-07-12 15:25:56 UTC

## Author
John Green

## Subject
Nada

## Content
We are thrilled to announce that Tore Steen (co-founder of CrowdStreet) will be joining our Board of Directors!Hi Everyone,Just a few weeks ago, we announced that our current institutional VCs, LiveOak Ventures and 7BC Venture Capital, doubled down on their belief in Nada with a second investment. Today, we're excited to welcome Tore Steen to our team as a new addition to our Board of Directors!Tore's incredible journey as the co-founder and CEO of CrowdStreet, where he led the company from a concept to one of the largest real estate investment platforms in the US, with over $4 billion in investments from individuals, brings a wealth of knowledge and perspectives to our mission of making home equity the go-to asset for investors.Tore brings tremendous professional achievements but also brings exceptional character and unwavering dedication to innovation. His outstanding track record speaks volumes, and we are confident that his expertise will propel Nada to new heights in 2024 and beyond.2023: A Year of Remarkable GrowthIn 2023, we experienced a year of exceptional growth. Our year-over-year growth for investor capital committed to our Cityfunds product surged by 351% from 2022 to 2023. Delving deeper, we achieved a near 700% growth in investor capital from Q1-2023 to Q4-2023, and this momentum has carried into 2024. The demand from homeowners (supply) for HEIs consistently exceeded our capital capacity, culminating in a monthly pipeline of $3M+ in new HEIs from our affiliate partners alone by the end of 2023.With a solid product-market fit on both sides and a strengthened team with experienced leadership, we are primed for rapid scaling in 2024.I'm thrilled to have the opportunity to share our journey with you. Act quickly to secure your position before this limited offering reaches capacity.Onward,JG + Nada team