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.
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