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- Noah
Noah Funding, Investors & Competitors
Noah has raised $156M across 4 funding rounds, most recently a $150M undisclosed-stage round in April 2020.
Last Noah funding round
$150M
Undisclosed stage · Apr 2020
Cumulative funding Noah raised
$156M
across 4 funding rounds
Key investors in Noah
Techstars
Right Side Capital Management
Kima Ventures
Union Square Ventures
Tribe Capital
BREEGA
Nathan Blecharczyk
Greg Schroy
About Noah
Noah is a home equity financing company enabling U.S. homeowners in select metro areas to access upfront capital in exchange for a share of future home appreciation or depreciation. The San Francisco-based firm structures no-monthly-payment solutions partnered with homeowners avoiding traditional loans or interest accrual.
Founded
2016
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Product sales
Noah Funding History
Noah has raised a total of $156M across 4 funding rounds.
Noah's first fundraising round was a $100K pre-seed round in June 2016. The most recent completed round was a $150M undisclosed-stage round in April 2020.
Noah funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Apr 2020 | Undisclosed stage | - | $150M | Noah is a San Francisco-based fintech company founded in 2016 by Sahil Gupta and Sundeep Ambati, offering a home equity sharing platform that enables homeowners to access home value without monthly payments or interest. The platform invests in homes in exchange for a share of future appreciation, described as platform capital or equity rather than traditional venture debt. In April 2020, Noah secured a $150 million Series B round from unnamed institutional investors including pension funds, following a $5 million Series A led by Union Square Ventures in September 2019 with participation from Breega and Techstars Ventures. This brought total equity funding to $156 million, with plans to expand home equity investments. By early 2020, Noah had underwritten homes worth over $3.5 billion, expanded to 20 U.S. markets including California, Portland, Seattle, Denver, and others, with origination volume up 20x year-over-year in 2019. Home equity investment volume on the platform grew 4.5 times year-over-year and 11.5 times over two years as of April 2020. The company rebranded to Noah in March 2020. Other results reference unrelated Noah companies, such as a 2025 stablecoin infrastructure startup in London raising $22 million seed. |
| Sep 2019 | Series A | BREEGA (lead); Union Square Ventures (lead); Tribe Capital; Techstars; Greg Schroy | $5M | - |
| Apr 2017 | Seed | Nathan Blecharczyk; Techstars; Kima Ventures | $1M | - |
| Jun 2016 | Pre-seed | Techstars; Right Side Capital Management | $100K | - |
Who has invested in Noah?
8 investors have backed Noah across its funding rounds, including Techstars, Right Side Capital Management, Kima Ventures, Union Square Ventures, Tribe Capital and BREEGA.
Lead investors include BREEGA and Union Square Ventures.
Noah Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Participant | Jun 2016 | ||
| 1 | Participant | Apr 2017 | ||
| 1 | Lead | Sep 2019 | ||
| 1 | Lead | Sep 2019 | ||
| 1 | Participant | Sep 2019 | ||
| 1 | Participant | Jun 2016 | ||
This data is available for Pro users. Sign up to see all 8 Noah investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialNoah Competitors
Noah competitors include listed companies like Piramal Finance, Ellington Financial, Enity Holding and Eqdom, and private ones like JD Digits and CREED.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $1.1B | $179M | $5.6B | 18.9x | ||
| Publicly listed | $641M | - | $1.6B | 43.2x | ||
| Publicly listed | $133M | - | $388M | 6.7x | ||
| Publicly listed | $207M | - | $261M | - | ||
| Private | - | - | $18B | - | ||
| Private | - | - | $6.4B | - |
Noah Public Comps
Noah is still privately-owned, but its public comps include Brookfield, Brookfield Asset Management, Bajaj Finance, Tata Capital, Mitsubishi HC Capital, Muthoot Finance, American Healthcare REIT, Aditya Birla Capital, Charter Hall Group and Chailease Holding.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $75B | $32B | 6.1x | 59.5x | 14.4x | 64.8x | |||
| $4.6B | $3.2B | 17.6x | 13.6x | 25.1x | 24.6x | |||
| $5.2B | $2.7B | 19.8x | 16.6x | 37.3x | 29.7x | |||
| $3.1B | $759M | 12.2x | 20.8x | 49.8x | - | |||
| $14B | $4.2B | 5.0x | 5.0x | 17.2x | 20.9x | |||
| $2.1B | $1.4B | 12.3x | 13.5x | 19.1x | 18.4x | |||
| $2.3B | $360M | 5.8x | 4.9x | 36.3x | 27.5x | |||
| $4.8B | $1.8B | 6.2x | 29.8x | 16.5x | 40.5x | |||
This data is available for Pro users. Sign up to see all Noah competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Noah
| When was Noah founded? | Noah was founded in 2016. |
| Where is Noah headquartered? | Noah is headquartered in San Francisco, CA, United States. |
| Is Noah publicly listed? | No, Noah is a private, VC-backed company. |
| How much funding has Noah raised? | Noah has raised $156M across 4 funding rounds. |
| What was Noah's last funding round? | Noah's last funding round was a $150M undisclosed-stage round in April 2020. |
| Who are Noah's investors? | Noah's investors include Techstars, Nathan Blecharczyk, Union Square Ventures, BREEGA, Tribe Capital, Right Side Capital Management, Greg Schroy and Kima Ventures. |
| Which companies are comparable to Noah? | Companies comparable to Noah include Piramal Finance, Ellington Financial, Enity Holding, Eqdom, JD Digits and CREED. |
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