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Alto raises $17M Series A nashvillepost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nashvillepost.com Daily Mail and Mail on Sunday newspapers.
New York Life Ventures, and
Stone Ridge Holdings Group. Alto will use the investment to accelerate the development of new products, further enhance its existing capabilities, and expand its product and engineering teams. Opening a self-directed IRA to invest in alternative assets like startups, real estate, or cryptocurrency should be easy, said
Eric Satz, founder and CEO of Alto. I founded Alto after spending weeks of frustration trying to navigate the outdated manual processes used by legacy self-directed IRA custodians, not to mention their endless fee menus. There s a lot of friction and unnecessary costs in the self-directed retirement industry, and Alto is on a mission to eliminate them. This funding round will rapidly accelerate the implementation of our vision and product roadmap.
Alto Solutions, Inc., a Nashville, Tenn.-based self-directed IRA platform for individuals to access and invest in alternative assets using their retirement funds, closed a $17m Series A funding.
The round was led by Unusual Ventures, with participation from existing investors Moment Ventures, Acrew Capital, and Alpha Edison, and strategic investments from Carta, Coinbase Ventures, Franklin Templeton, New York Life Ventures, and Stone Ridge Holdings Group. In conjunction with the funding, Sarah Leary, co-founder of Nextdoor and partner of Unusual Ventures will join Alto’s board of directors.
The company intends to use the funds to accelerate the development of new products, further enhance its existing capabilities, and expand its product and engineering teams.
Aspiration To Launch First Ever Credit Card To Give Users the Ability To Eliminate Their Carbon Footprint prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.