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Alto Raises $2.8 Million Seed Round To Help Individual Investors Include Startups, Real Estate, Loans, Digital Assets, and Other Alternatives to Diversify Their IRAs

Mar 06, 2019 - GlobeNewswire

NASHVILLE, Tenn., March 06, 2019 (GLOBE NEWSWIRE) -- Alto, a technology platform that makes it simple for investors to add alternative assets to their IRAs, today announced that it raised a $2.8 million seed round to expand its offering and integrate additional investment platform partners. This brings Alto's total funding raised to $3.8 million. Investors include Jake Gibson, co-founder of NerdWallet, Foundation Capital, Sequoia's Scout Fund, Amplify.LA, and First Check and Green D Funds.

The Alternative IRA„¢ from Alto (AltoIRA) is an individual retirement account that gives investors the freedom to invest in alternative assets like startups, private companies, real estate, loans, and digital currencies, either directly or through one of Alto's investment platform partners, like AngelLi...