Corporate information
Official name
Patch Homes, Inc.
Also known as
Noah
Company type
Modern finance company redefining how homeowners access their home equity.Overview
Noah is a modern finance company helping homeowners tap into their home value to meet their financial goals without incurring new monthly payments or interest. Founded in 2016 and headquartered in San Francisco, Noah’s innovative equity sharing model is a debt-free alternative to traditional home equity loans and HELOCs. By partnering with homeowners, Noah offers homeowners in select metro areas across the United States upfront financing in exchange for a share in a percentage of their home’s future appreciation or depreciation. Noah’s investors include Union Square Ventures, Breega Capital, and Techstars Ventures.
Funding rounds
Series A USD 5,000,000
USD 5,000,000 ( )
| Investor | Profile | Country | Notes | |
|---|---|---|---|---|
|
Union Square Ventures LLC | Early stage venture capital firm | Initial investment. Led the round. | |
|
Breega Capital | European venture apital firm. | Initial investment. | |
|
Tribe Capital | Investment firm focused on using product and data science to engineer N-of-1 products, companies and investments. | Initial investment. | |
| Greg Schroy | Individual investor. | Initial investment. | ||
|
TechStars LLC (Techstars Ventures) | Follow-on investment. |
Seed USD 1,000,000
USD 1,000,000 ( )
| Investor | Profile | Country | Notes | |
|---|---|---|---|---|
|
Kima Ventures | French-based venture capital fund that focuses on strategic investments in early stage technology companies around the world. | Initial investment. | |
| Nathan Blecharczyk | Individual investor. | Initial investment. | ||
|
|
TechStars LLC (Techstars Ventures) | Follow-on investment. |
Seed
( )
| Investor | Profile | Country | Notes | |
|---|---|---|---|---|
|
|
TechStars LLC (Techstars Ventures) | Initial investment. | ||
|
TechStars NYC | Initial investment. |
Investment activity status
Active investor