AltoIRA

AltoIRA

Growth Stage

The Alternative IRA for investing in crowdfunding, PE, VC, crypto & more

The Alternative IRA for investing in crowdfunding, PE, VC, crypto & more

Overview

Raised to Date: Raised: $1,070,000

Total Commitments ($USD)

Platform

Republic

Start Date

09/16/2020

Close Date

10/31/2020

Min. Goal
$25,000
Max. Goal
$1,070,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$30,000,000

Discount

10%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

10/30/2020

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$24,318

# of Investors

1,624

Momentum
Funded
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Year Founded

2015

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Location

Nashville, Tennessee

Business Type

High Growth

Company Website

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.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$78,574

$9,416

COGS

$75,831

$35,798

Tax

$0

$0

 

 

Net Income

$-1,978,778

$-738,128

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$3,095,094

$730,693

Accounts Receivable

$14,275

$3,366

Total Assets

$4,180,111

$1,513,479

Short-Term Debt

$97,882

$6,569

Long-Term Debt

$0

$0

Total Liabilities

$97,882

$6,569
Financials as of: 09/16/2020
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
AltoIRA 04/19/2021 Self Managed $90,000,000 $17,000,000 Equity - Common Funded RegD 506(b)
AltoIRA 10/30/2020 Republic $30,000,000 $1,070,000 SAFE Funded RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

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.

Employee History

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AltoIRA on Republic
Platform: Republic
Security Type: SAFE
Valuation: $30,000,000

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