Posted April 01, 2019
Alto, An Alternative Investment Platform For IRAs, Raises $2.8M
Dustin Blitchok , Benzinga Staff Writer
March 06, 2019 8:00am Comments
Alto, An Alternative Investment Platform For IRAs, Raises $2.8M
Fintech startup Alto announced Wednesday it raised $2.8 million in a seed funding round to expand its offering and bring on more partners for its investment platform.
The Nashville, Tennessee-based company’s platform is designed to help investors add investments such as startups, real estate, loans, digital assets and other alternative assets to their IRAs via the Alternative IRA from Alto.
Alto said it has now raised a total of $3.8 million. The company’s investors include NerdWallet co-founder Jake Gibson; Foundation Capital; Sequoia’s Scout Fund; Amplify.LA; First Check Fund; and Green D Funds.
The company launched in 2018.
| Welcome to the Southeast |
Search by topic, city or state for all the news.
Get the weekly Fintech SE reveal of next week’s FTVisions, event premiers and more. Sign up now!
|
Let Us Help You Promote Your Company, Products, Thought Leadership
Or, Sponsor a FT Visions or Fintech Insights! |
![Zoomhttp://fintechsoutheast.com/article-app/849-tupelo-ms-bancorpsouth-to-buy-cadence-bank-in-2-8b-all-stock-deal prettyPhoto[gallery1]](https://fintechsoutheast.com/images/news/041421.jpg){kind=link}
![Zoomhttp://fintechsoutheast.com/article-app/845-jacksonville-fl-vystar-becomes-13th-largest-u-s-credit-union-with-purchase prettyPhoto[gallery1]](https://fintechsoutheast.com/images/news/041321.jpg){kind=link}
![Zoomhttp://fintechsoutheast.com/article-app/846-charlotte-nc-fintech-startup-uses-ai-to-drive-up-homeownership-rate prettyPhoto[gallery1]](https://fintechsoutheast.com/images/news/041221.jpg){kind=link}
![Zoomhttp://fintechsoutheast.com/article-app/842-jacksonville-fl-financial-tech-training-push-in-first-coast-gets-3-7m-state-grant prettyPhoto[gallery1]](https://fintechsoutheast.com/images/news/040921.jpg){kind=link}
![Zoomhttp://fintechsoutheast.com/article-app/843-birmingham-al-nxtsoft-and-data-center-inc-partner prettyPhoto[gallery1]](https://fintechsoutheast.com/images/news/040821.jpg){kind=link}
![Zoomhttp://fintechsoutheast.com/article-app/844-durham-nc-new-fund-targeting-black-led-startups-closes-3-45m-fund prettyPhoto[gallery1]](https://fintechsoutheast.com/images/news/040721.jpg){kind=link}
![Zoomhttp://fintechsoutheast.com/article-app/840-miami-fl-pipe-in-the-news-again-at-2-billion-valuation prettyPhoto[gallery1]](https://fintechsoutheast.com/images/news/040621.jpg){kind=link}
![Zoomhttp://fintechsoutheast.com/article-app/841-charlotte-nc-bank-of-america-acquires-axia-technologies prettyPhoto[gallery1]](https://fintechsoutheast.com/images/news/040521.jpg){kind=link}
![Zoomhttp://fintechsoutheast.com/article-app/838-atlanta-ga-walgreens-announces-financial-services-expansion-with-incomm-payments prettyPhoto[gallery1]](https://fintechsoutheast.com/images/news/040221.jpg){kind=link}
![Zoomhttp://fintechsoutheast.com/article-app/839-miami-fl-challenger-bank-novo-opens-miami-office prettyPhoto[gallery1]](https://fintechsoutheast.com/images/news/040121.jpg){kind=link}
![Zoomhttp://fintechsoutheast.com/article-app/837-atlanta-ga-greenwood-challenger-bank-for-minorities-raises-40-million prettyPhoto[gallery1]](https://fintechsoutheast.com/images/news/033121.jpg){kind=link}
![Zoomhttp://fintechsoutheast.com/article-app/836-atmore-al-united-bancorporation-of-alabama-to-take-over-town-country-national-bank prettyPhoto[gallery1]](https://fintechsoutheast.com/images/news/033021.jpg){kind=link}