A startup that issues cash loans to homeowners in exchange for an ownership stake has raised $150 million to meet increased demand from cash-strapped owners. Noah, based in San Francisco, said the money came from unnamed institutional investors, including pension funds. The funding comes on the heels of the company’s $5 million Series A from Union Square Ventures in September 2019. Other investors include Breega Capital and Techstars Ventures. In a statement, Noah said it
source https://therealdeal.com/2020/04/22/startup-that-hands-out-home-loans-in-exchange-for-ownership-stake-raises-150m/
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