Noah Funding, Investors & Competitors

Noah has raised $156M across 4 funding rounds, most recently a $150M undisclosed-stage round in April 2020.

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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

Noah Overview

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

United StatesSan Francisco, CA

Website

noah.co

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

Noah funding rounds
DateStageInvestorsRaisedDeal Summary
Apr 2020Undisclosed stage-$150MNoah 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 2019Series ABREEGA (lead); Union Square Ventures (lead); Tribe Capital; Techstars; Greg Schroy$5M-
Apr 2017SeedNathan Blecharczyk; Techstars; Kima Ventures$1M-
Jun 2016Pre-seedTechstars; 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

Investors in Noah by funding rounds participated
InvestorHQRoundsRoleFirst check
TechstarsUnited StatesBoulder, CO3ParticipantJun 2016
Nathan BlecharczykUnited StatesSan Francisco, CA1ParticipantApr 2017
Union Square VenturesUnited StatesNew York City, NY1LeadSep 2019
BREEGAFranceParis1LeadSep 2019
Tribe CapitalUnited StatesSan Francisco, CA1ParticipantSep 2019
Right Side Capital ManagementUnited StatesSan Francisco, CA1ParticipantJun 2016

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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.

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Noah Competitors

Noah competitors include listed companies like Piramal Finance, Ellington Financial, Enity Holding and Eqdom, and private ones like JD Digits and CREED.

Public and private companies comparable to Noah
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Piramal FinanceIndiaIndiaPublicly listed$1.1B$179M$5.6B18.9x
Ellington FinancialUnited StatesUnited StatesPublicly listed$641M-$1.6B43.2x
Enity HoldingSwedenSwedenPublicly listed$133M-$388M6.7x
EqdomMoroccoMoroccoPublicly listed$207M-$261M-
JD DigitsChinaBeijingPrivate--$18B-
CREEDUnited StatesNew York City, NYPrivate--$6.4B-
Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Brookfield$75B$32B6.1x59.5x14.4x64.8x
Brookfield Asset Management$4.6B$3.2B17.6x13.6x25.1x24.6x
Bajaj Finance$5.2B$2.7B19.8x16.6x37.3x29.7x
Tata Capital$3.1B$759M12.2x20.8x49.8x-
Mitsubishi HC Capital$14B$4.2B5.0x5.0x17.2x20.9x
Muthoot Finance$2.1B$1.4B12.3x13.5x19.1x18.4x
American Healthcare REIT$2.3B$360M5.8x4.9x36.3x27.5x
Aditya Birla Capital$4.8B$1.8B6.2x29.8x16.5x40.5x

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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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