[Closed for Investment] AltoIRA, with a $30 million valuation cap, is raising funds on Republic. The company is modernizing IRA investing through promoting digital self-directed IRA. The company’s platform allows individuals to set up their IRA to invest in alternative assets, including private equity, private funds, venture capital, cryptocurrency, securitized art, and more. Eric Satz founded AltoIRA in April 2018 and has raised over $9.8 million in previous rounds of financing. The current crowdfunding campaign has a minimum goal of $25,000 and a maximum goal of $1,070,000. AltoIRA has more than 1,230 active users with over 3,000 active investments and more than $75 million in assets under custody. The company has also partnered with 21 investment platforms, including AngelList, Republic, and Masterworks.
Investment Overview
Raised: $1,070,000
Deal Terms
Total Commitments ($USD)
- Platform
- Republic
- Start Date
- 09/17/2020
- Close Date
- 10/31/2020
$25,000
$1,070,000
$100
SAFE
Seed
RegCF
$30,000,000
10%
Company & Team
Company
- Year Founded
- 2015
- Industry
- Financial & Insurance Products & Services
- Tech Sector
- Distribution Model
- B2C
- Margin
- Medium
- Capital Intensity
- Low
Team
- Employees
- 27
Financials
- Revenue +734% YoY
- $78,574
- Monthly Burn
- $164,898
-
Runway
- 18.8 months
- Gross Margin
- 3%
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Revenue History
Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.
Valuation History
Price per Share History
Note: Share prices shown in earlier rounds may not be indicative of any stock splits.