Alto Receives $17M Series A Financing Round
2021-04-20
NASHVILLE, TN, Alto Solutions today announced the successful close of a $17 million Series A funding round.
Alto Solutions the next-generation self-directed IRA platform making it easier for individuals to access and invest in alternative assets using their retirement funds, today announced the successful close of a $17 million Series A funding round led by Unusual Ventures, with additional 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. Alto will use the investment to accelerate the development of new products, further enhance its existing capabilities, and expand its product and engineering teams.
Alto is a financial technology company that launched its next-generation self-directed IRA platform in 2018 to make it easy for individuals to access and invest in alternative assets using their retirement funds. The first of its kind, Alto's platform streamlines the process for investors, investment funding portals, and investment sponsors alike. Among Alto's current investment partners include AngelList, Coinbase, EquityZen, Masterworks, Republic, and Wefunder, as well as financial advisors, fund sponsors, and other direct issuers. Alto is not a registered broker-dealer or investment advisor. Custodial services provided by Alto Trust Co.
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